Prescott, AZ—86305
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 | $710,000 | -0.4% |
| Single Family | $714,000 | -0.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $458,000 | -0.7% |
3 Bed | $731,000 | -0.5% |
4 Bed | $910,000 | -0.5% |
| 5 Bed | $1,109,000 | 0.0% |
% of Housing Stock
Rental Trends — Prescott, AZ
As of July '25, Rentcast reports the average rent in Prescott, AZ is $2,040, with a year-over-year rent change of -4.2%. Per bedroom, the median rent as of July '25 in Prescott, AZ is 1-bedrooms: $1,460, 2-bedrooms: $1,680, 3-bedrooms: $2,540, 4-bedrooms: $3,380. The most common rental property sizes in Prescott, AZ are 2-bedroom and 1-bedroom, accounting for 45.1% and 21.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $2,040 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,440 | $1,460 |
| 2 Bed Rent | $1,550 | $1,680 |
| 3 Bed Rent | $2,400 | $2,540 |
| 4 Bed Rent | $3,350 | $3,380 |
% of Rental Stock
Property Listings — Prescott, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Prescott, AZ is 117. 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $939,000 | 7.0% |
Listing Count | 331 | 8.0% |
| Listings as % of Homes | 1.5% | 8.0% |
Days on Market | 117 | 26.0% |
Demographics — Prescott, AZ
As of the latest ACS Survey released in 2023, Prescott, AZ has a population of 19,400, which has increased by 6.7% over the past 5 years. Prescott, AZ is a less popular place for families, as children make up 10.7% of the population. The area has a highly educated workforce, with 46.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,400 | 6.7% |
% Under 18 | 10.7% | -14.4% |
% Seniors | 44.2% | 16.6% |
% WFH | 19.1% | 81.9% |
% w/ College Degree | 46.7% | 28.3% |
As of the latest ACS Survey released in 2023, Prescott, AZ is a predominantly white area, with 86.4% of the population identifying as white. The white population has remained stable in the last 5 years. The second most common race or ethnicity in Prescott, AZ is hispanic, making up 8.2% of the population. Foreign-born residents account for 4.1% of the population in Prescott, AZ, and this percentage has increased by 17.1% 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 | 86.4% | 0.0% |
% Black | 0.1% | -66.7% |
% Hispanic | 8.2% | -10.9% |
% Asian | 1.2% | -7.7% |
% Foreign Born | 4.1% | 17.1% |
Mortgage and Risk — Prescott, AZ
According to HUD data as of 2023, there were 437 mortgage originations in Prescott, AZ, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Prescott, AZ. Investor activity is low, as 2.0% 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 | 437 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 2.0% |
% Second Loans | 7.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Prescott, AZ
As of 2024, the percent of homes in Prescott, AZ under the Section 8 program is 1.1%. 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, 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 | 27 |
Total Units Section 8 | 27 |
% Rentals under Section 8 | 1.1% |
% Occupied Section 8 | 54.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$340 | $1,440 | $1,100 |
| 2 Bedroom | -$180 | $1,550 | $1,370 |
| 3 Bedroom | -$510 | $2,400 | $1,890 |
| 4 Bedroom | -$1,180 | $3,350 | $2,170 |
Affordability — Prescott, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.8 |
| Median Home Price | $710,000 |
| Median Household Income | $78,800 |