Prescott, AZ—86303
Real Estate Data & Market Trends
Key Metrics at a Glance
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 | $581,000 | -1.8% |
| Single Family | $594,000 | -1.7% |
| Condos | $361,000 | -4.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $319,000 | -3.3% |
2 Bed | $425,000 | -1.4% |
3 Bed | $640,000 | -1.4% |
4 Bed | $829,000 | -0.8% |
| 5 Bed | $969,000 | -1.1% |
% of Housing Stock
Rental Trends — Prescott, AZ
As of July '25, Rentcast reports the average rent in Prescott, AZ is $2,060, with a year-over-year rent change of -10.0%. Per bedroom, the median rent as of July '25 in Prescott, AZ is studios: $1,100, 1-bedrooms: $1,360, 2-bedrooms: $1,730, 3-bedrooms: $2,720, 4-bedrooms: $4,030. The most common rental property sizes in Prescott, AZ are 2-bedroom and 1-bedroom, accounting for 58.6% and 15.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $2,060 |
| Studio Rent | $825 | $1,100 |
| 1 Bed Rent | $1,400 | $1,360 |
| 2 Bed Rent | $1,600 | $1,730 |
| 3 Bed Rent | $2,800 | $2,720 |
| 4 Bed Rent | $2,900 | $4,030 |
% of Rental Stock
Property Listings — Prescott, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Prescott, AZ is 85. This is a increase of 13.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $721,000 | 7.0% |
Listing Count | 234 | 10.0% |
| Listings as % of Homes | 1.1% | 10.0% |
Days on Market | 85 | 13.0% |
Demographics — Prescott, AZ
As of the latest ACS Survey released in 2023, Prescott, AZ has a population of 19,600, which has increased by 14.1% over the past 5 years. Prescott, AZ is a less popular place for families, as children make up 12.4% of the population. The area has a moderately educated workforce, with 41.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,600 | 14.1% |
% Under 18 | 12.4% | -5.3% |
% Seniors | 38.2% | 6.7% |
% WFH | 11.2% | 43.6% |
% w/ College Degree | 41.2% | 2.2% |
As of the latest ACS Survey released in 2023, Prescott, AZ is a predominantly white area, with 84.1% of the population identifying as white. The white population has shrunk by 8.2% in the last 5 years. The second most common race or ethnicity in Prescott, AZ is hispanic, making up 10.6% of the population. Foreign-born residents account for 3.6% of the population in Prescott, AZ, and this percentage has decreased by 21.7% 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 | 84.1% | -8.2% |
% Black | 0.4% | -63.6% |
% Hispanic | 10.6% | 103.8% |
% Asian | 0.8% | -11.1% |
% Foreign Born | 3.6% | -21.7% |
Mortgage and Risk — Prescott, AZ
According to HUD data as of 2023, there were 418 mortgage originations in Prescott, AZ, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Prescott, AZ. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 418 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 1.0% |
% Second Loans | 14.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Prescott, AZ
As of 2024, the percent of homes in Prescott, AZ under the Section 8 program is 3.5%. 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. In Prescott, AZ, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 103 |
Total Units Section 8 | 103 |
% Rentals under Section 8 | 3.5% |
% Occupied Section 8 | 71.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$220 | $1,400 | $1,180 |
| 2 Bedroom | -$140 | $1,600 | $1,460 |
| 3 Bedroom | -$790 | $2,800 | $2,010 |
| 4 Bedroom | -$580 | $2,900 | $2,320 |
Affordability — Prescott, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.3 |
| Median Home Price | $581,000 |
| Median Household Income | $68,700 |