Calculate using real Tucson data. Median home price: $285,000. Property tax rate: 0.72%.
With the median household income of $46,845 in Tucson, AZ, following the 28% rule, you could afford a monthly payment of about $1,093.
The cost of living index in Tucson, AZ is 88 (national average = 100). A home at the median price of $285,000 would require roughly 6.1x the median income.
A conventional 20% down payment on the median Tucson, AZ home ($285,000) would be $57,000. FHA loans may require as little as 3.5% ($9,975).