Prescott, AZ 86305 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Prescott, AZ—86305

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$706,000

0.4% YoY Growth

Household Income

$78,800

26.2% YoY Growth

Days on Market

132

37.0% Longer YoY

Home Price Forecast

N/A

Median Rent

$1,950

4.2% YoY Growth

1-Bed Rent

$1,440

8.1% YoY Growth

2-Bed Rent

$1,550

13.4% YoY Growth

3-Bed Rent

$2,400

2.3% YoY Growth

Other Zip Codes in Prescott, AZ

86303 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	$706,000	-0.4%
Single Family	$709,000	-0.4%
Condos	N/A	N/A

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 $2,040, with a year-over-year rent change of -4.2%. Per bedroom, the median rent as of July '25 in Prescott, AZ is 1-bedrooms: $1,460, 2-bedrooms: $1,680, 3-bedrooms: $2,540, 4-bedrooms: $3,380. The most common rental property sizes in Prescott, AZ are 2-bedroom and 1-bedroom, accounting for 45.1% and 21.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,950	$2,040
Studio Rent	N/A	N/A
1 Bed Rent	$1,440	$1,460
2 Bed Rent	$1,550	$1,680
3 Bed Rent	$2,400	$2,540
4 Bed Rent	$3,350	$3,380

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% of Rental Stock

Studio

12.6%

1 Bedroom

21.2%

2 Bedrooms

45.1%

3 Bedrooms

13.4%

4 Bedrooms

4.8%

5+ Bedrooms

2.9%

Property Listings — Prescott, AZ

As of Dec '25, Realtor.com reports that the median days on market for a home in Prescott, AZ is 124. This is a increase of 32.0% 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	$976,000	9.0%
Listing Count	285	2.0%
Listings as % of Homes	1.5%	2.0%
Days on Market	132	37.0%

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Demographics — Prescott, AZ

As of the latest ACS Survey released in 2023, Prescott, AZ has a population of 19,400, which has increased by 6.7% over the past 5 years. Prescott, AZ is a less popular place for families, as children make up 10.7% of the population. The area has a highly educated workforce, with 46.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	19,400	6.7%
% Under 18	10.7%	-14.4%
% Seniors	44.2%	16.6%
% WFH	19.1%	81.9%
% w/ College Degree	46.7%	28.3%

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As of the latest ACS Survey released in 2023, Prescott, AZ is a predominantly white area, with 86.4% of the population identifying as white. The white population has remained stable in the last 5 years. The second most common race or ethnicity in Prescott, AZ is hispanic, making up 8.2% of the population. Foreign-born residents account for 4.1% of the population in Prescott, AZ, and this percentage has increased by 17.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	86.4%	0.0%
% Black	0.1%	-66.7%
% Hispanic	8.2%	-10.9%
% Asian	1.2%	-7.7%
% Foreign Born	4.1%	17.1%

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Mortgage and Risk — Prescott, AZ

According to HUD data as of 2023, there were 437 mortgage originations in Prescott, AZ, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Prescott, AZ. Investor activity is low, as 2.0% 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	437
% Conventional Loans	91.0%
% Government Loans	9.0%
% Investor Loans	2.0%
% Second Loans	7.0%
% 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 1.1%. 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	27
Total Units Section 8	27
% Rentals under Section 8	1.1%
% Occupied Section 8	54.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$340	$1,440	$1,100
2 Bedroom	-$180	$1,550	$1,370
3 Bedroom	-$510	$2,400	$1,890
4 Bedroom	-$1,180	$3,350	$2,170

Prescott, AZ—86305

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

Wood Trap

Paulden, AZ

Chino Valley, AZ

Fort Whipple

Prescott, AZ

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	8.7
Median Home Price	$706,000
Median Household Income	$78,800

Prescott, AZ—86305

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

Wood Trap

Paulden, AZ

Chino Valley, AZ

Fort Whipple

Prescott, AZ

Frequently Asked Questions

What is the average home price in Prescott, AZ 86305?

How have home prices in Prescott, AZ 86305 changed over the past year?

What is the home price projection for Prescott, AZ 86305?

What are the demographics of Prescott, AZ 86305?

How long does it take homes to sell in Prescott, AZ 86305?

What is the average rent price in Prescott, AZ 86305?