Mormon Lake, AZ housing market
The typical Mormon Lake home is worth about $401,000, down 0.7% in a year, close to the Arizona typical home.
Home values, sales, trends and how Mormon Lake compares with the towns next door — updated as new data is published.
Mormon Lake at a glance
Only 1 sale in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Mormon Lake | Arizona |
|---|---|---|
| 2017 | $206,000 | $228,000 |
| 2018 | $213,000 | $244,000 |
| 2019 | $225,000 | $264,000 |
| 2020 | $248,000 | $282,000 |
| 2021 | $281,000 | $324,000 |
| 2022 | $345,000 | $416,000 |
| 2023 | $391,000 | $429,000 |
| 2024 | $416,000 | $433,000 |
| 2025 | $395,000 | $434,000 |
| 2026 | $410,000 | $423,000 |
| August 2026 | $401,000 | $418,000 |
A two-bedroom rents for about $1,960
HUD's Fair Market Rent for a two-bedroom in Mormon Lake is $1,960 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $1,540 · 4 bedrooms $2,770
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (86038; Flagstaff, AZ MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.