Prescott, AZ 86301 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Prescott, AZ—86301

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$529,000

1.3% YoY Growth

Household Income

$72,000

39.3% YoY Growth

Days on Market

79

19.0% Longer YoY

Home Price Forecast

N/A

Median Rent

$1,700

8.1% YoY Growth

1-Bed Rent

$1,400

13.4% YoY Growth

2-Bed Rent

$1,650

5.6% YoY Growth

3-Bed Rent

$2,280

2.1% YoY Growth

Other Zip Codes in Prescott, AZ

86305 86303

Home Price Trends — Prescott, AZ

Prescott, AZ lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$529,000	-1.3%
Single Family	$545,000	-1.3%
Condos	$286,000	-3.1%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Prescott, AZ

As of July '25, Rentcast reports the average rent in Prescott, AZ is $1,810, with a year-over-year rent change of -8.1%. Per bedroom, the median rent as of July '25 in Prescott, AZ is studios: $1,260, 1-bedrooms: $1,420, 2-bedrooms: $1,690, 3-bedrooms: $2,350, 4-bedrooms: $2,750. The most common rental property sizes in Prescott, AZ are 2-bedroom and 3-bedroom, accounting for 46.0% and 20.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,700	$1,810
Studio Rent	$1,120	$1,260
1 Bed Rent	$1,400	$1,420
2 Bed Rent	$1,650	$1,690
3 Bed Rent	$2,280	$2,350
4 Bed Rent	$2,550	$2,750

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% of Rental Stock

Studio

7.2%

1 Bedroom

19.4%

2 Bedrooms

46.0%

3 Bedrooms

20.5%

4 Bedrooms

5.8%

5+ Bedrooms

1.1%

Property Listings — Prescott, AZ

As of Dec '25, Realtor.com reports that the median days on market for a home in Prescott, AZ is 77. This is a increase of 29.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$639,000	-1.0%
Listing Count	198	-8.0%
Listings as % of Homes	0.9%	-8.0%
Days on Market	79	19.0%

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Demographics — Prescott, AZ

As of the latest ACS Survey released in 2023, Prescott, AZ has a population of 26,200, which has increased by 14.3% over the past 5 years. Prescott, AZ is a less popular place for families, as children make up 13.0% of the population. The area has a moderately educated workforce, with 36.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	26,200	14.3%
% Under 18	13.0%	-17.2%
% Seniors	38.5%	12.9%
% WFH	12.4%	181.8%
% w/ College Degree	36.8%	3.1%

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As of the latest ACS Survey released in 2023, Prescott, AZ is a predominantly white area, with 82.9% of the population identifying as white. The white population has shrunk by 0.1% in the last 5 years. The second most common race or ethnicity in Prescott, AZ is hispanic, making up 8.9% of the population. Foreign-born residents account for 6.3% of the population in Prescott, AZ, and this percentage has decreased by 8.7% 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	82.9%	-0.1%
% Black	0.8%	166.7%
% Hispanic	8.9%	-24.6%
% Asian	2.6%	36.8%
% Foreign Born	6.3%	-8.7%

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Mortgage and Risk — Prescott, AZ

According to HUD data as of 2023, there were 586 mortgage originations in Prescott, AZ, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Prescott, AZ. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	586
% Conventional Loans	81.0%
% Government Loans	19.0%
% Investor Loans	3.0%
% Second Loans	5.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Prescott, AZ

As of 2024, the percent of homes in Prescott, AZ under the Section 8 program is 2.6%. 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. In Prescott, AZ, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

Section 8 Market Size

Total Units under HUD	93
Total Units Section 8	93
% Rentals under Section 8	2.6%
% Occupied Section 8	80.5%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$100	$1,400	$1,500
2 Bedroom	$210	$1,650	$1,860
3 Bedroom	$290	$2,280	$2,570
4 Bedroom	$400	$2,550	$2,950

Prescott, AZ—86301

Key Metrics at a Glance

Other Zip Codes in Prescott, AZ

Home Price Trends — Prescott, AZ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Prescott, AZ

% of Rental Stock

Property Listings — Prescott, AZ

Demographics — Prescott, AZ

Race and Ethnicity

Mortgage and Risk — Prescott, AZ

Mortgages

Rentals and Section 8 — Prescott, AZ

Section 8 Market Size

Section 8 Opportunity

Affordability — Prescott, AZ

Home Price to Income Ratio

Prescott, AZ — ZIP Code Boundary Map

Nearby ZIP Codes

Fort Whipple

Prescott Valley, AZ

Prescott, AZ

Prescott Valley, AZ

Chino Valley, AZ

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	7.2
Median Home Price	$529,000
Median Household Income	$72,000

Prescott, AZ—86301

Key Metrics at a Glance

Other Zip Codes in Prescott, AZ

Home Price Trends — Prescott, AZ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Prescott, AZ

% of Rental Stock

Property Listings — Prescott, AZ

Demographics — Prescott, AZ

Race and Ethnicity

Mortgage and Risk — Prescott, AZ

Mortgages

Rentals and Section 8 — Prescott, AZ

Section 8 Market Size

Section 8 Opportunity

Affordability — Prescott, AZ

Home Price to Income Ratio

Prescott, AZ — ZIP Code Boundary Map

Nearby ZIP Codes

Fort Whipple

Prescott Valley, AZ

Prescott, AZ

Prescott Valley, AZ

Chino Valley, AZ

Frequently Asked Questions

What is the average home price in Prescott, AZ 86301?

How have home prices in Prescott, AZ 86301 changed over the past year?

What is the home price projection for Prescott, AZ 86301?

What are the demographics of Prescott, AZ 86301?

How long does it take homes to sell in Prescott, AZ 86301?

What is the average rent price in Prescott, AZ 86301?