Lake Havasu City, AZ 86403 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Lake Havasu City, AZ—86403

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$380,000

3.7% YoY Growth

Household Income

$57,500

31.0% YoY Growth

Days on Market

79

21.0% Longer YoY

Home Price Forecast

1.2%

Median Rent

$1,600

1.8% YoY Growth

1-Bed Rent

$1,300

7.6% YoY Growth

2-Bed Rent

$1,500

1.9% YoY Growth

3-Bed Rent

$2,000

2.9% YoY Growth

Other Zip Codes in Lake Havasu City, AZ

Home Price Trends — Lake Havasu City, AZ

As of Dec '25, the median home price in Lake Havasu City, AZ is $380,000, 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 1.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$380,000	-3.7%
Single Family	$414,000	-3.5%
Condos	$236,000	0.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

2.2%

1 Bedroom

22.8%

2 Bedrooms

39.8%

3 Bedrooms

30.1%

4 Bedrooms

4.6%

5+ Bedrooms

0.5%

Property Listings — Lake Havasu City, AZ

As of Dec '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 26.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$375,000	-4.0%
Listing Count	234	18.0%
Listings as % of Homes	1.4%	18.0%
Days on Market	79	21.0%

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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%

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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%

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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%

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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