Lake Havasu City, AZ 86406 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Lake Havasu City, AZ—86406

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$482,000

2.5% YoY Growth

Household Income

$74,200

36.4% YoY Growth

Days on Market

77

15.0% Longer YoY

Home Price Forecast

1.2%

Median Rent

$2,000

9.0% YoY Growth

1-Bed Rent

$1,240

2.5% YoY Growth

2-Bed Rent

$1,600

0.0% YoY Growth

3-Bed Rent

$2,200

9.5% 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 $482,000, with a year-over-year change of -2.5%. 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	$482,000	-2.5%
Single Family	$489,000	-2.2%
Condos	$309,000	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 $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

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% of Rental Stock

Studio

0.7%

1 Bedroom

5.5%

2 Bedrooms

51.4%

3 Bedrooms

40.6%

4 Bedrooms

1.0%

5+ Bedrooms

0.8%

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 76. 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	$580,000	-4.0%
Listing Count	322	17.0%
Listings as % of Homes	1.5%	17.0%
Days on Market	77	15.0%

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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 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%

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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%

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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%

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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 1.3%. 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