The story of this market
The typical home in ZIP 86305 sells for about $675,000, or $358 per square foot.
Prices are up +2.7% from a year ago, so sellers still have some momentum. Homes take about 55 days to sell. HUD's fair market rent for a two-bedroom is $2,200 a month.
ZIP 86305 — Prescott
The 86305 housing market remains stable with high demand for single-family homes, supported by limited inventory and a desirable lifestyle profile. While price growth has moderated compared to previous years, the market maintains strong value retention. Buyers are increasingly selective, leading to a slight increase in days on market, but the overall outlook remains positive due to the area's limited buildable land.
This ZIP is ideal for retirees, outdoor enthusiasts, and family buyers seeking a quieter, scenic environment with access to mountain amenities.
Median prices moved up 2.7% year over year.
Homes spend a median of 55 days on market with 4.1 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 5.2% — 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 8.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 86305, 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 generally reports low crime rates compared to regional averages, with property crime being the primary concern in more secluded residential pockets.
Schools serving the area are generally well-regarded, with many institutions in the Prescott Unified School District maintaining high performance ratings.
The region faces significant wildfire risk due to its high-desert topography and proximity to national forest lands, necessitating robust insurance coverage.
Economic momentum is driven by tourism, healthcare, and a growing retiree population, with limited new large-scale commercial development due to geographic constraints.
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.
Commuting primarily involves driving via State Route 89 or 89A toward the Prescott employment core; public transit options are extremely limited.
The area offers extensive access to outdoor recreation, including the Prescott National Forest, numerous hiking trails, and proximity to Watson Lake.
The rental market is tight with low vacancy rates, driven by high demand from seasonal residents and limited multi-family inventory.
The local economy is anchored by healthcare, government services, and a robust tourism sector centered on the historic downtown and outdoor recreation.
Transportation is heavily reliant on private vehicles; the area is served by a network of state highways with minimal public transit infrastructure.
Development is constrained by topography and protected forest lands, with current planning focused on infill and low-density residential expansion.
The Yavapai County Assessor manages property valuations, utilizing a mass appraisal system for annual tax roll updates.
Parcels are subject to various special districts, including fire districts and community college districts, which appear on property tax statements.
Property insurance premiums are rising due to increased wildfire risk and regional climate-related hazard assessments.
The state continues to see positive net domestic migration, driven by retirees and remote workers relocating from higher-cost coastal states.
Arizona is primarily a non-judicial foreclosure state, allowing for a streamlined process under the deed of trust framework.
Sellers are required to provide a comprehensive real estate disclosure statement covering all known material defects of the property.
Data retrieved from data.census.gov ZCTA 86305 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Extensive public lands for hiking, biking, and camping.
Popular destination for kayaking, fishing, and scenic views.
Features the historic Whiskey Row and various local boutiques.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.