Prescott, AZ housing market
The typical Prescott home is worth about $597,000, about the same as a year ago, 43% above the Arizona typical home. Homes typically sell in 54 days, below asking.
Home values, sales, trends and how Prescott compares with the towns next door — updated as new data is published.
Prescott at a glance
A balanced market
About 4 months of supply: neither buyers nor sellers have a clear edge.
Typical home value, 2016–2026
Show as a table
| January | Prescott | Arizona |
|---|---|---|
| 2017 | $330,000 | $228,000 |
| 2018 | $357,000 | $244,000 |
| 2019 | $385,000 | $264,000 |
| 2020 | $405,000 | $282,000 |
| 2021 | $455,000 | $324,000 |
| 2022 | $562,000 | $416,000 |
| 2023 | $588,000 | $429,000 |
| 2024 | $601,000 | $433,000 |
| 2025 | $607,000 | $434,000 |
| 2026 | $603,000 | $423,000 |
| August 2026 | $597,000 | $418,000 |
686 new homes permitted in 2025
Builders were permitted 686 new homes in Prescott in 2025: 345 single-family houses and 341 in buildings with two or more homes, worth about $214.9 million to build. That's 14 per 1,000 residents, faster than across Arizona (7). Over the past 10 years, Prescott has permitted 4,525 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Prescott gained 5,984 residents while 3,126 new homes were permitted: about 1.9 new residents per new home. Building and growth moved roughly in step. Across Arizona: 2.6 new residents per new home.
How Prescott ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 231 | 193 | 38 | $89.4 million |
| 2025 | 686 | 345 | 341 | $214.9 million |
| 2024 | 439 | 411 | 28 | $154 million |
| 2023 | 373 | 221 | 152 | $118.3 million |
| 2022 | 233 | 219 | 14 | $101.3 million |
| 2021 | 461 | 383 | 78 | $150.3 million |
| 2020 | 421 | 387 | 34 | $126.6 million |
| 2019 | 542 | 434 | 108 | $151.4 million |
| 2018 | 692 | 359 | 333 | $155.6 million |
| 2017 | 335 | 322 | 13 | $107.9 million |
| 2016 | 343 | 339 | 4 | $107.8 million |
| 2015 | 442 | 278 | 164 | $92.7 million |
| 2014 | 204 | 204 | 0 | $58.1 million |
| 2013 | 234 | 234 | 0 | $66.9 million |
| 2012 | 144 | 144 | 0 | $40.8 million |
| 2011 | 87 | 87 | 0 | $23 million |
| 2010 | 103 | 53 | 50 | $20.5 million |
| 2009 | 203 | 71 | 132 | $37.8 million |
| 2008 | 207 | 115 | 92 | $37.4 million |
| 2007 | 233 | 217 | 16 | $55.1 million |
| 2006 | 578 | 521 | 57 | $122.7 million |
| 2005 | 627 | 615 | 12 | $143.5 million |
| 2004 | 783 | 660 | 123 | $136.3 million |
| 2003 | 683 | 615 | 68 | $133 million |
| 2002 | 845 | 636 | 209 | $139.1 million |
| 2001 | 561 | 521 | 40 | $88.6 million |
| 2000 | 498 | 470 | 28 | $77 million |
How Prescott ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Prescott and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Prescott | $597K | −0.4% | $1,710 | 686 | $70,874 |
| Williamson | — | +0.2%† | $1,450 | — | $89,398 |
| Prescott Valley | $457K | 0% | $1,890 | 291 | $74,569 |
† FHFA price index change, where Zillow has no home value for the town.
8.4 years of income
The typical Prescott home costs about 8.4 years of the town's median household income, more than across Arizona (5.2 years).
How Prescott ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,710
HUD's Fair Market Rent for a two-bedroom in Prescott is $1,710 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Prescott pay a median of $1,395, so moving in tends to cost more than staying put. A two-bedroom takes about 29% of the town's median household income.
Studio $1,180 · 4 bedrooms $2,630
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (86301, 86303, 86305, 86323; Prescott Valley-Prescott, 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. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.