Prescott, AZ—86301
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Prescott, AZ
Prescott, AZ lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $529,000 | -1.3% |
| Single Family | $545,000 | -1.3% |
| Condos | $286,000 | -3.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $362,000 | -2.2% |
3 Bed | $554,000 | -1.4% |
4 Bed | $703,000 | -1.1% |
| 5 Bed | $788,377 | -0.7% |
% of Housing Stock
Rental Trends — Prescott, AZ
As of July '25, Rentcast reports the average rent in Prescott, AZ is $1,810, with a year-over-year rent change of -8.1%. Per bedroom, the median rent as of July '25 in Prescott, AZ is studios: $1,260, 1-bedrooms: $1,420, 2-bedrooms: $1,690, 3-bedrooms: $2,350, 4-bedrooms: $2,750. The most common rental property sizes in Prescott, AZ are 2-bedroom and 3-bedroom, accounting for 46.0% and 20.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,810 |
| Studio Rent | $1,120 | $1,260 |
| 1 Bed Rent | $1,400 | $1,420 |
| 2 Bed Rent | $1,650 | $1,690 |
| 3 Bed Rent | $2,280 | $2,350 |
| 4 Bed Rent | $2,550 | $2,750 |
% of Rental Stock
Property Listings — Prescott, AZ
As of Nov '25, Realtor.com reports that the median days on market for a home in Prescott, AZ is 77. This is a increase of 29.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $650,000 | 0.0% |
Listing Count | 206 | -5.0% |
| Listings as % of Homes | 0.9% | -5.0% |
Days on Market | 77 | 29.0% |
Demographics — Prescott, AZ
As of the latest ACS Survey released in 2023, Prescott, AZ has a population of 26,200, which has increased by 14.3% over the past 5 years. Prescott, AZ is a less popular place for families, as children make up 13.0% of the population. The area has a moderately educated workforce, with 36.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,200 | 14.3% |
% Under 18 | 13.0% | -17.2% |
% Seniors | 38.5% | 12.9% |
% WFH | 12.4% | 181.8% |
% w/ College Degree | 36.8% | 3.1% |
As of the latest ACS Survey released in 2023, Prescott, AZ is a predominantly white area, with 82.9% of the population identifying as white. The white population has shrunk by 0.1% in the last 5 years. The second most common race or ethnicity in Prescott, AZ is hispanic, making up 8.9% of the population. Foreign-born residents account for 6.3% of the population in Prescott, AZ, and this percentage has decreased by 8.7% 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 | 82.9% | -0.1% |
% Black | 0.8% | 166.7% |
% Hispanic | 8.9% | -24.6% |
% Asian | 2.6% | 36.8% |
% Foreign Born | 6.3% | -8.7% |
Mortgage and Risk — Prescott, AZ
According to HUD data as of 2023, there were 586 mortgage originations in Prescott, AZ, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Prescott, AZ. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 586 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 3.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 11.0% |
Rentals and Section 8 — Prescott, AZ
As of 2024, the percent of homes in Prescott, AZ under the Section 8 program is 2.6%. 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 Prescott, AZ, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 93 |
Total Units Section 8 | 93 |
% Rentals under Section 8 | 2.6% |
% Occupied Section 8 | 80.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $1,400 | $1,500 |
| 2 Bedroom | $210 | $1,650 | $1,860 |
| 3 Bedroom | $290 | $2,280 | $2,570 |
| 4 Bedroom | $400 | $2,550 | $2,950 |
Affordability — Prescott, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.2 |
| Median Home Price | $529,000 |
| Median Household Income | $72,000 |