Lake Havasu City, AZ—86404
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 $503,000, with a year-over-year change of -2.6%. This indicates that home prices in Lake Havasu City, AZ are decreasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $503,000 | -2.6% |
| Single Family | $506,000 | -2.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $359,000 | -3.2% |
3 Bed | $522,000 | -2.8% |
4 Bed | $776,000 | -2.1% |
| 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 $2,180, with a year-over-year rent change of 6.9%. Per bedroom, the median rent as of July '25 in Lake Havasu City, AZ is 2-bedrooms: $1,480, 3-bedrooms: $2,260, 4-bedrooms: $2,680. The most common rental property sizes in Lake Havasu City, AZ are 3-bedroom and 2-bedroom, accounting for 48.4% and 36.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,180 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,500 | $1,480 |
| 3 Bed Rent | $2,200 | $2,260 |
| 4 Bed Rent | $2,800 | $2,680 |
% 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 57. This is a increase of 14.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $722,000 | 1.0% |
Listing Count | 210 | 17.0% |
| Listings as % of Homes | 1.8% | 17.0% |
Days on Market | 57 | 14.0% |
Demographics — Lake Havasu City, AZ
As of the latest ACS Survey released in 2023, Lake Havasu City, AZ has a population of 18,900, which has increased by 14.2% over the past 5 years. Lake Havasu City, AZ is a less popular place for families, as children make up 12.1% of the population. The area has a poorly educated workforce, with 18.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,900 | 14.2% |
% Under 18 | 12.1% | -12.9% |
% Seniors | 40.1% | 13.0% |
% WFH | 14.3% | 150.9% |
% w/ College Degree | 18.5% | 31.2% |
As of the latest ACS Survey released in 2023, Lake Havasu City, AZ is a predominantly white area, with 82.6% of the population identifying as white. The white population has grown by 3.4% in the last 5 years. The second most common race or ethnicity in Lake Havasu City, AZ is hispanic, making up 12.5% of the population. Foreign-born residents account for 5.2% of the population in Lake Havasu City, AZ, and this percentage has decreased by 41.6% 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 | 82.6% | 3.4% |
% Black | 0.2% | -50.0% |
% Hispanic | 12.5% | -23.3% |
% Asian | 0.8% | -60.0% |
% Foreign Born | 5.2% | -41.6% |
Mortgage and Risk — Lake Havasu City, AZ
According to HUD data as of 2023, there were 408 mortgage originations in Lake Havasu City, AZ, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Lake Havasu City, AZ. Investor activity is low, as 4.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 408 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 4.0% |
% Second Loans | 15.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Lake Havasu City, AZ
Lake Havasu City, AZ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 69 |
Total Units Section 8 | 69 |
% Rentals under Section 8 | 4.2% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,280 |
| 2 Bedroom | $150 | $1,500 | $1,650 |
| 3 Bedroom | $90 | $2,200 | $2,290 |
| 4 Bedroom | -$260 | $2,800 | $2,540 |
Affordability — Lake Havasu City, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.6 |
| Median Home Price | $503,000 |
| Median Household Income | $67,500 |