Lake Havasu City, AZ—86406
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 $484,000, with a year-over-year change of -2.4%. This indicates that home prices in Lake Havasu City, AZ are decreasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $484,000 | -2.4% |
| Single Family | $492,000 | -2.4% |
| Condos | $307,000 | -1.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $361,000 | -3.7% |
3 Bed | $503,000 | -2.5% |
4 Bed | $721,000 | -3.0% |
| 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 9.0%. Per bedroom, the median rent as of July '25 in Lake Havasu City, AZ is studios: $975, 1-bedrooms: $1,190, 2-bedrooms: $1,600, 3-bedrooms: $2,430, 4-bedrooms: $3,340. The most common rental property sizes in Lake Havasu City, AZ are 2-bedroom and 3-bedroom, accounting for 51.4% and 40.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,180 |
| Studio Rent | $975 | $975 |
| 1 Bed Rent | $1,240 | $1,190 |
| 2 Bed Rent | $1,600 | $1,600 |
| 3 Bed Rent | $2,200 | $2,430 |
| 4 Bed Rent | $3,500 | $3,340 |
% 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 72. 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $572,000 | -5.0% |
Listing Count | 334 | 22.0% |
| Listings as % of Homes | 1.5% | 22.0% |
Days on Market | 72 | 20.0% |
Demographics — Lake Havasu City, AZ
As of the latest ACS Survey released in 2023, Lake Havasu City, AZ has a population of 24,600, which has increased by 6.9% over the past 5 years. Lake Havasu City, AZ is a moderately popular place for families, as children make up 15.4% of the population. The area has a poorly educated workforce, with 19.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,600 | 6.9% |
% Under 18 | 15.4% | 5.5% |
% Seniors | 36.5% | -1.4% |
% WFH | 5.8% | -7.9% |
% w/ College Degree | 19.2% | 11.0% |
As of the latest ACS Survey released in 2023, Lake Havasu City, AZ is a predominantly white area, with 80.5% of the population identifying as white. The white population has shrunk by 5.4% in the last 5 years. The second most common race or ethnicity in Lake Havasu City, AZ is hispanic, making up 14.0% of the population. Foreign-born residents account for 6.5% of the population in Lake Havasu City, AZ, and this percentage has increased by 18.2% 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 | 80.5% | -5.4% |
% Black | 0.7% | 133.3% |
% Hispanic | 14.0% | 27.3% |
% Asian | 0.6% | -66.7% |
% Foreign Born | 6.5% | 18.2% |
Mortgage and Risk — Lake Havasu City, AZ
According to HUD data as of 2023, there were 749 mortgage originations in Lake Havasu City, AZ, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 14.0% 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 | 749 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% 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 1.3%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Lake Havasu City, AZ, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 38 |
Total Units Section 8 | 37 |
% Rentals under Section 8 | 1.3% |
% Occupied Section 8 | 69.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $10 | $1,240 | $1,250 |
| 2 Bedroom | $20 | $1,600 | $1,620 |
| 3 Bedroom | $50 | $2,200 | $2,250 |
| 4 Bedroom | -$1,000 | $3,500 | $2,500 |
Affordability — Lake Havasu City, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.7 |
| Median Home Price | $484,000 |
| Median Household Income | $74,200 |