Flagstaff, AZ—86001
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Flagstaff, AZ
As of Oct '25, the median home price in Flagstaff, AZ is $658,000, with a year-over-year change of 1.1%. This indicates that home prices in Flagstaff, AZ are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $658,000 | 1.1% |
| Single Family | $693,000 | 1.3% |
| Condos | $387,000 | 1.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $317,000 | 1.0% |
2 Bed | $436,000 | 2.3% |
3 Bed | $656,000 | 0.6% |
4 Bed | $827,000 | 1.7% |
| 5 Bed | $1,114,000 | 2.9% |
% of Housing Stock
Rental Trends — Flagstaff, AZ
As of July '25, Rentcast reports the average rent in Flagstaff, AZ is $2,300, with a year-over-year rent change of -0.4%. Per bedroom, the median rent as of July '25 in Flagstaff, AZ is studios: $1,410, 1-bedrooms: $1,950, 2-bedrooms: $2,270, 3-bedrooms: $2,630, 4-bedrooms: $2,970. The most common rental property sizes in Flagstaff, AZ are 2-bedroom and 1-bedroom, accounting for 33.6% and 24.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,140 | $2,300 |
| Studio Rent | $1,350 | $1,410 |
| 1 Bed Rent | $1,990 | $1,950 |
| 2 Bed Rent | $2,120 | $2,270 |
| 3 Bed Rent | $2,600 | $2,630 |
| 4 Bed Rent | $3,000 | $2,970 |
% of Rental Stock
Property Listings — Flagstaff, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Flagstaff, AZ is 68. This is a increase of 9.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $749,000 | 1.0% |
Listing Count | 157 | 39.0% |
| Listings as % of Homes | 0.4% | 39.0% |
Days on Market | 68 | 9.0% |
Demographics — Flagstaff, AZ
As of the latest ACS Survey released in 2023, Flagstaff, AZ has a population of 36,900, which has decreased by -19.9% over the past 5 years. Flagstaff, AZ is a less popular place for families, as children make up 13.9% of the population. The area has a highly educated workforce, with 54.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,900 | -19.9% |
% Under 18 | 13.9% | -20.6% |
% Seniors | 7.3% | -26.3% |
% WFH | 11.3% | 205.4% |
% w/ College Degree | 54.6% | 9.6% |
As of the latest ACS Survey released in 2023, Flagstaff, AZ is a predominantly white area, with 62.3% of the population identifying as white. The white population has shrunk by 8.1% in the last 5 years. The second most common race or ethnicity in Flagstaff, AZ is hispanic, making up 14.9% of the population. Foreign-born residents account for 5.9% of the population in Flagstaff, AZ, and this percentage has decreased by 9.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 62.3% | -8.1% |
% Black | 1.8% | 38.5% |
% Hispanic | 14.9% | -8.0% |
% Asian | 3.2% | -22.0% |
% Foreign Born | 5.9% | -9.2% |
Mortgage and Risk — Flagstaff, AZ
According to HUD data as of 2023, there were 428 mortgage originations in Flagstaff, AZ, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Flagstaff, AZ. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 428 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 3.0% |
% Second Loans | 14.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Flagstaff, AZ
As of 2024, the percent of homes in Flagstaff, AZ under the Section 8 program is 2.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Flagstaff, AZ, because HUD payments exceed market rent, while 1-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 346 |
Total Units Section 8 | 207 |
% Rentals under Section 8 | 2.3% |
% Occupied Section 8 | 86.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$30 | $1,990 | $1,960 |
| 2 Bedroom | $100 | $2,120 | $2,220 |
| 3 Bedroom | $120 | $2,600 | $2,720 |
| 4 Bedroom | $50 | $3,000 | $3,050 |
Affordability — Flagstaff, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.8 |
| Median Home Price | $658,000 |
| Median Household Income | $62,600 |