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Affordable
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These days, finding an affordable place to live in the Prescott area can be challenging. Home prices in Prescott are now at a median cost of $531,879, higher than the Arizona average of $421,436.
The average cost of rent is $1,637/mo in Prescott, primarily driven by the current value of real estate in the Prescott area. In Prescott, 30.14% of households rent, and 50.45% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Prescott is $6,487 per month. Households that rent pay about 25.24% of their income on rent here. Prescott’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Miller Valley, AZ: equally priced homes
- Forbing Park, AZ: equally priced homes
- Williamson, AZ: higher priced homes
- Prescott Valley, AZ: less expensive homes
- Dewey, AZ: less expensive homes
- Wilhoit, AZ: less expensive homes
- Dewey-Humboldt, AZ: less expensive homes
- Humboldt, AZ: less expensive homes
- Skull Valley, AZ: higher priced homes
- Poland Junction, AZ: less expensive homes
Cities with Similar Populations
- Yucaipa, CA: equally priced homes
- Bensalem, PA: less expensive homes
- Chicopee, MA: less expensive homes
- Commerce City, CO: equally priced homes
- Crestview, FL: less expensive homes
- Herriman, UT: higher priced homes
- Holladay, UT: higher priced homes
- Hialeah Gardens, FL: less expensive homes
- Alexandria, LA: less expensive homes
- Horizon West, FL: equally priced homes
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