Prescott, AZ 86303 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Prescott, AZ—86303

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$586,000

0.5% YoY Growth

Household Income

$68,700

24.1% YoY Growth

Days on Market

20.0% Longer YoY

Home Price Forecast

N/A

Median Rent

$1,600

10.0% YoY Growth

1-Bed Rent

$1,400

13.3% YoY Growth

2-Bed Rent

$1,600

23.8% YoY Growth

3-Bed Rent

$2,800

7.5% YoY Growth

Other Zip Codes in Prescott, AZ

86305 86301

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	$586,000	-0.5%
Single Family	$600,000	-0.5%
Condos	$354,000	-4.1%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	$334,000	-1.2%

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

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% of Rental Stock

Studio

9.5%

1 Bedroom

15.1%

2 Bedrooms

58.6%

3 Bedrooms

10.3%

4 Bedrooms

6.4%

Property Listings — Prescott, AZ

As of May '26, Realtor.com reports that the median days on market for a home in Prescott, AZ is 59. This is a increase of 20.0% 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	$699,000	0.0%
Listing Count	261	15.0%
Listings as % of Homes	1.1%	15.0%
Days on Market	59	20.0%

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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%

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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%

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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%

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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 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

Prescott, AZ—86303

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, AZ

Prescott Valley, AZ

Poland Junction

Prescott Valley, AZ

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	8.4
Median Home Price	$586,000
Median Household Income	$68,700

Prescott, AZ—86303

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, AZ

Prescott Valley, AZ

Poland Junction

Prescott Valley, AZ

Frequently Asked Questions

What is the average home price in Prescott, AZ 86303?

How have home prices in Prescott, AZ 86303 changed over the past year?

What is the home price projection for Prescott, AZ 86303?

What are the demographics of Prescott, AZ 86303?

How long does it take homes to sell in Prescott, AZ 86303?

What is the average rent price in Prescott, AZ 86303?