Lake Havasu City, AZ—86403
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lake Havasu City, AZ
As of Oct '25, the median home price in Lake Havasu City, AZ is $379,000, with a year-over-year change of -3.7%. This indicates that home prices in Lake Havasu City, AZ are decreasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $379,000 | -3.7% |
| Single Family | $414,000 | -3.7% |
| Condos | $235,000 | -0.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $179,000 | -3.8% |
2 Bed | $303,000 | -3.5% |
3 Bed | $444,000 | -3.3% |
4 Bed | $557,000 | -3.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lake Havasu City, AZ
As of July '25, Rentcast reports the average rent in Lake Havasu City, AZ is $1,730, with a year-over-year rent change of 1.8%. Per bedroom, the median rent as of July '25 in Lake Havasu City, AZ is studios: $998, 1-bedrooms: $1,280, 2-bedrooms: $1,570, 3-bedrooms: $2,140, 4-bedrooms: $2,860. The most common rental property sizes in Lake Havasu City, AZ are 2-bedroom and 3-bedroom, accounting for 39.8% and 30.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,730 |
| Studio Rent | $995 | $998 |
| 1 Bed Rent | $1,300 | $1,280 |
| 2 Bed Rent | $1,500 | $1,570 |
| 3 Bed Rent | $2,000 | $2,140 |
| 4 Bed Rent | $2,980 | $2,860 |
% of Rental Stock
Property Listings — Lake Havasu City, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Lake Havasu City, AZ is 82. This is a increase of 23.0% 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 | $400,000 | -4.0% |
Listing Count | 252 | 34.0% |
| Listings as % of Homes | 1.4% | 34.0% |
Days on Market | 82 | 23.0% |
Demographics — Lake Havasu City, AZ
As of the latest ACS Survey released in 2023, Lake Havasu City, AZ has a population of 18,400, which has increased by 1.5% over the past 5 years. Lake Havasu City, AZ is a moderately popular place for families, as children make up 16.2% of the population. The area has a poorly educated workforce, with 17.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,400 | 1.5% |
% Under 18 | 16.2% | 5.2% |
% Seniors | 30.7% | 34.6% |
% WFH | 9.9% | 115.2% |
% w/ College Degree | 17.8% | 38.0% |
As of the latest ACS Survey released in 2023, Lake Havasu City, AZ is a predominantly white area, with 77.8% of the population identifying as white. The white population has grown by 2.2% in the last 5 years. The second most common race or ethnicity in Lake Havasu City, AZ is hispanic, making up 18.6% of the population. Foreign-born residents account for 6.2% of the population in Lake Havasu City, AZ, and this percentage has decreased by 35.4% 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 | 77.8% | 2.2% |
% Black | 0.4% | -20.0% |
% Hispanic | 18.6% | -4.1% |
% Asian | 0.4% | -63.6% |
% Foreign Born | 6.2% | -35.4% |
Mortgage and Risk — Lake Havasu City, AZ
According to HUD data as of 2023, there were 355 mortgage originations in Lake Havasu City, AZ, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Lake Havasu City, AZ. Investor activity is low, as 5.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 355 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 5.0% |
% Second Loans | 17.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Lake Havasu City, AZ
As of 2024, the percent of homes in Lake Havasu City, AZ under the Section 8 program is 1.4%. 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 Lake Havasu City, 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 | 38 |
Total Units Section 8 | 38 |
% Rentals under Section 8 | 1.4% |
% Occupied Section 8 | 69.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$200 | $1,300 | $1,100 |
| 2 Bedroom | -$80 | $1,500 | $1,420 |
| 3 Bedroom | -$30 | $2,000 | $1,970 |
| 4 Bedroom | -$790 | $2,980 | $2,190 |
Affordability — Lake Havasu City, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.9 |
| Median Home Price | $379,000 |
| Median Household Income | $57,500 |