Prescott, Arizona.
Typical home $592,855 (-0.3% in a year), asking rent $1,857 (+0.9%). Prescott Valley-Prescott, AZ metro.
to buy the typical home at today's mortgage rate — +$1,645 (+112%) since Jan 2020.
- 1 year
- Down $1,913 -0%
- $594,768$592,855 since Sep 2025
- 5 years
- Up $62,055 +12%
- $530,801$592,855 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Prescott$3,112
- Arizona$2,187
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 31 years.
Typical home values in Prescott, AZ fell 0.3% over the past year — slower than the nation's +1.2%.
Asking rents in Prescott, AZ rose 0.9% over the past year — slower than the nation's +2.7%.
Owning the typical home in Prescott runs $2,093/mo more than renting one. The gap peaked at $2,337 in Oct 2023.
That is $3,950 a month against $1,857 rent: a $3,112 mortgage payment, plus $203 property tax and $635 insurance & upkeep.
Owning vs renting — Prescott
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$3,950
- Renting$1,857
- Mortgage only$3,112
Property tax · $203/mo 0.41% of value a year — the ACS 2020-2024 median bill over the median home value for Yavapai County, AZ
Insurance & upkeep · $635/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Prescott, Yavapai County, Arizona
Prescott is a city of 45,827 people in Yavapai County. Half its households earn more than $70,874 a year and half less, against $69,613 across Yavapai County; 12% of its people live below the poverty line. 68% of its homes are lived in by their owners and 32% are rented. Unemployment in Prescott was 6.4% in August 2026, and Yavapai County had 0.3% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Prescott is an older town, with residents who are, on average, well above the age of most places in the country. Most homes are lived in by their owners, and typical home values and rents sit on the high side. Household incomes are a little above the county's, and a good share of adults hold a four-year degree. Winters are cold, with some snow, while summers are warm rather than hot, and the year brings only modest rain and melted snow.
Work. Many residents work in schools, hospitals and social care, followed by professional and business services, shops, and restaurants, hotels and entertainment. Among the largest workplaces in Prescott are Yavapai Regional Medical Center, the Veterans Health Administration and Yavapai College. Unemployment is higher than it was a year earlier, and across Yavapai County there are slightly fewer jobs than the year before. Commutes are fairly short, and some residents work from home.
Things to do. Watson Lake, in or beside town, is a good place to be near the water, and Lynx Lake is a short drive away. Prescott National Forest, also a short drive away, is protected woodland for walking and getting outdoors. For history, Sharlot Hall Museum is a short drive away, and Fort Whipple, a museum, is in or beside town.
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- 22,793households
- 40%of adults have a degree
- 12%below the poverty line
- 19 mintypical commute
- 14%work from home
What residents work in
Employed residents by industry, from the Census survey. Yavapai County had 71,329 jobs in 2025, 0.3% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in December, with highs near 52° and lows near 24°; warmest in July, with highs near 90° and lows near 61°. About 10 inches of snow and 16 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Prescott weather station, 2 miles away (NOAA).
Largest workplaces in Prescott
- Yavapai Regional Medical CenterGeneral hospital1,665FTE
- Veterans Health AdministrationFederal government · Department of Veterans Affairs1,253
- Yavapai CollegeUniversity or college718
- community Asset ManagmentManagers' offices, residential condominium650
- Embry-Riddle Aeronautical University-PrescottUniversity or college620
- Prescott Unified District (4466)School district424FTE
- Ruger PrescottGuns manufacturing345
- Costco WholesaleWholesale grocer304
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 36 workplaces with 20 or more staff, 5,378 people in all. Hospitals come from their Medicare cost reports (CMS, 2023), federal offices from OPM's federal workforce data (2026), colleges from IPEDS (NCES, 2023–24) and school districts from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- LightningRelatively high
- Winter weatherRelatively high
- Wildfirerelatively high in parts of PrescottRelatively moderate
- Inland floodingrelatively high in parts of PrescottRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Prescott’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Yavapai County and the Prescott Valley-Prescott, AZ metro.
Prescott home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Prescott$592,855
- Arizona$416,733
- United States$366,157
Sellers are cutting prices on about 1 in 3 Prescott listings, and the typical home goes pending in 42 days — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Prescott32.13%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Prescott42
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Prescott702
New listings per month
Sellers arriving at the market.
- Prescott138
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Prescott$620,861
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Prescott97.50%
Zip codes with a Prescott address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Prescott — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Prescott
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 86301 | Prescott | 27,076 | $1,900 | $530,128 |
| 86305 | Prescott | 19,790 | $1,956 | $697,811 |
| 86303 | Prescott | 19,446 | $1,685 | $572,765 |