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Mormon Lake

Learn about the people, housing, costs and businesses in Mormon Lake, Arizona

Median Home$510,500
Median Rent$1,120/month
Population85
Leading IndustriesPublic Administration · Finance & Insurance · Arts, Food & Hospitality28% public administration
Home Value Growth+6.2% over 2 years
Young Adults28% of residentsnear the national average
Homeowners85% of occupied units
NotableHighly Educated23% hold a bachelor's degree · top 23% nationally
Mormon Lake
AZ

Frequently Asked Questions

What are today's mortgage rates in Mormon Lake?

As of today, the 30-year fixed mortgage rate for Mormon Lake is approximately 6.948% (6.986% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Mormon Lake?

The median home value in Mormon Lake is $511k. The median monthly rent is $1,120. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mormon Lake?

Home values in Mormon Lake have increased 6.2% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Mormon Lake?

Based on a typical all-in ownership cost of $1,067/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $46k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mormon Lake is $71k/year.

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What industries drive the economy in Mormon Lake?

The largest employment sectors in Mormon Lake are public administration (28%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.