Flagstaff, AZ—86005
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 $733,000, with a year-over-year change of 2.3%. This indicates that home prices in Flagstaff, AZ are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $733,000 | 2.3% |
| Single Family | $753,000 | 2.3% |
| Condos | $372,000 | -2.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $420,000 | 0.7% |
3 Bed | $690,000 | 2.2% |
4 Bed | $954,000 | 2.8% |
| 5 Bed | $1,328,000 | 4.3% |
% of Housing Stock
Rental Trends — Flagstaff, AZ
As of July '25, Rentcast reports the average rent in Flagstaff, AZ is $2,590, with a year-over-year rent change of -8.2%. Per bedroom, the median rent as of July '25 in Flagstaff, AZ is studios: $1,690, 1-bedrooms: $1,790, 2-bedrooms: $1,730, 3-bedrooms: $2,980, 4-bedrooms: $3,290. The most common rental property sizes in Flagstaff, AZ are 2-bedroom and 1-bedroom, accounting for 39.7% and 23.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $2,590 |
| Studio Rent | $1,690 | $1,690 |
| 1 Bed Rent | $1,550 | $1,790 |
| 2 Bed Rent | $1,700 | $1,730 |
| 3 Bed Rent | $2,800 | $2,980 |
| 4 Bed Rent | $2,900 | $3,290 |
% 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 82. This is a increase of 43.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $954,000 | 6.0% |
Listing Count | 156 | 29.0% |
| Listings as % of Homes | 0.7% | 29.0% |
Days on Market | 82 | 43.0% |
Demographics — Flagstaff, AZ
Flagstaff, AZ lacks sufficient demographic data for analysis.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,200 | N/A |
% Under 18 | 22.8% | N/A |
% Seniors | 14.1% | N/A |
% WFH | 13.8% | N/A |
% w/ College Degree | 58.6% | N/A |
Flagstaff, AZ lacks sufficient race and ethnicity data for analysis.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 65.2% | N/A |
% Black | 3.5% | N/A |
% Hispanic | 16.5% | N/A |
% Asian | 2.8% | N/A |
% Foreign Born | 2.6% | N/A |
Mortgage and Risk — Flagstaff, AZ
According to HUD data as of 2023, there were 528 mortgage originations in Flagstaff, AZ, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Flagstaff, AZ. Investor activity is low, as 3.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 528 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 3.0% |
% Second Loans | 30.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Flagstaff, AZ
As of 2024, the percent of homes in Flagstaff, AZ under the Section 8 program is 5.5%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Flagstaff, AZ, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 165 |
Total Units Section 8 | 165 |
% Rentals under Section 8 | 5.5% |
% Occupied Section 8 | 82.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $1,550 | $1,720 |
| 2 Bedroom | $250 | $1,700 | $1,950 |
| 3 Bedroom | -$410 | $2,800 | $2,390 |
| 4 Bedroom | -$220 | $2,900 | $2,680 |
Affordability — Flagstaff, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.3 |
| Median Home Price | $733,000 |
| Median Household Income | $81,200 |