The story of this market
The typical home in ZIP 86303 sells for about $578,000, or $315 per square foot.
Prices are roughly flat from a year ago (-0.5%), a market in balance. Homes take about 2 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,750 a month.
ZIP 86303 — Prescott
The 86303 housing market is characterized by low inventory and high demand, keeping prices elevated despite a slight year-over-year dip. The market remains stable with homes selling quickly, driven by the area's appeal to retirees and lifestyle buyers.
This ZIP is well-suited for retirees, outdoor enthusiasts, and families seeking a mountain-town lifestyle with proximity to regional amenities.
Median prices moved down 0.5% year over year.
Homes spend a median of 2 days on market with 0.6 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 7.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 86303, Yavapai County AZ
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area faces moderate wildfire risk common to the high-elevation terrain of Yavapai County, necessitating proactive insurance and mitigation strategies.
Economic momentum is driven by the Greater Prescott Regional Economic Partnership, with significant employment in professional services, healthcare, and tourism.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Arizona) — Senior Property Valuation Protection Option (Senior Freeze): Provides a 'freeze' on the valuation of the property for tax purposes, limiting the growth of the property tax burden for eligible seniors. State (Arizona) — Arizona Property Tax Assessment: The tax is calculated by applying an assessment ratio to the property's Limited Property Value (LPV). For primary residential property (Class 3), the assessment ratio is 10%. State (Arizona) — Arizona Property Tax Assessment: Property tax is calculated using the formula: (Full Cash Value or Limited Property Value) x Assessment Ratio = Net Assessed Value. The Net Assessed Value is then multiplied by the local tax rate. For primary residential property (Class 3), the assessment ratio is 10%. State (Arizona) — Delinquent Property Tax Lien Sale and 3-Year Redemption Foreclosure: The county treasurer sells a tax lien certificate via public auction to the investor bidding the lowest annual rate of interest (ranging from 16% down to 0% per annum under A.R.S. § 42-18114). State (Arizona) — Statutory Residential Homestead Exemption: Exempts up to $400,000 of equity in an owner-occupied primary dwelling from attachment, execution, and forced sale arising from unsecured civil judgment liens.
Residents primarily commute by car toward the Prescott employment core, with limited public transit options available in the mountainous terrain.
The area features extensive access to the Prescott National Forest, numerous hiking and mountain biking trails, and proximity to Watson and Willow Lakes.
The rental market is currently experiencing downward pressure on pricing with a 16.67% decrease in median asking rents reported recently.
The local economy is anchored by professional services, government administration, and a robust tourism and recreation sector.
Transportation is heavily reliant on private vehicle use via regional highway corridors; public transit infrastructure is minimal.
Development is focused on managed growth within the Prescott city limits, balancing residential expansion with environmental conservation.
Parcels are subject to Yavapai County property tax assessments and local school district levies.
Property insurance premiums are influenced by regional wildfire risk and the high-elevation climate of the Prescott area.
Data retrieved from US Census Bureau and local market aggregators.
- In The Game Prescott Valley4.211.3 mi
- Findlay Toyota Center4.411.5 mi
- Prescott Resort & Conference Center4.16.8 mi
- Founding Fathers Collective4.86.4 mi
- Golden Corral Buffet & Grill4.16.9 mi
- Prescott Frontier Days, Inc. - World's Oldest Rodeo4.67 mi
- Watson Lake Park4.89.8 mi
- Courthouse Plaza4.76.2 mi
- Bucky's Casino3.86.8 mi
- Heritage Park Zoological Sanctuary4.711.1 mi
- Harkins Theatres Prescott Valley4.511.3 mi
- Palace Restaurant & Saloon4.46.2 mi
- Sharlot Hall Museum4.86.3 mi
- Prescott Frontier Days, Inc. - World's Oldest Rodeo4.67 mi
- Murphy's Restaurant4.36.4 mi
- Phippen Museum4.811.9 mi
- Watson Lake Park4.89.8 mi
- Courthouse Plaza4.76.2 mi
- Fain Park4.710.3 mi
- Pioneer Park4.611.1 mi
- Mountain Valley Park4.613 mi
- Cleator Bar and Yacht Club4.817.4 mi
- Goldwater Lake4.73.2 mi
- Stone Ridge Golf Course4.410.2 mi
- Prescott Golf Club4.312.9 mi
- Capital Canyon Club4.66.4 mi
- Whiskey Row4.86.2 mi
- Sprouts Farmers Market4.56.6 mi
- Fry's4.27.2 mi
- Fry's4.211.3 mi
- Fry's4.310.2 mi
- Prescott Regional Airport4.613.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Extensive public lands offering hiking, biking, and camping.
Popular destination for kayaking, fishing, and scenic views.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.