The story of this market
The typical home in ZIP 86331 sells for about $450,000, or $325 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $957 a month.
ZIP 86331 — Jerome
The 86331 market is a highly specialized, low-volume destination market defined by historic inventory. Sales activity is minimal, and pricing is driven by the scarcity of unique, pre-1940 structures rather than broad economic trends. The market remains stable with little development pressure due to geographic and historic constraints.
This ZIP is best suited for investors or buyers seeking historic, unique properties in a destination-tourism environment rather than traditional family or commuter buyers.
Median prices moved up 2.5% year over year.
Homes spend a median of 45 days on market with 6.0 months of supply — a balanced-paced market.
10% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 9.8% · poverty 16.9% — a mixed stability profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 86331, 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 is subject to wildfire risk common to the high-desert terrain of Yavapai County.
Economic momentum is driven by tourism and the historic preservation of the Jerome mining district.
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 requires navigating steep, winding mountain roads to reach employment centers in the Verde Valley or Prescott.
The area is a historic destination featuring local art galleries, museums, and hiking trails within the Jerome State Historic Park.
The rental market is extremely limited due to the small housing stock and high concentration of historic properties.
The local economy is heavily reliant on tourism, art, and hospitality services centered around the historic mining district.
Development is strictly limited by the town's historic designation and steep topography.
Yavapai County Assessor manages property valuations based on market-based appraisal standards.
Served by local school and fire districts typical of rural Yavapai County.
Insurance premiums are influenced by high wildfire risk and the age/construction materials of historic structures.
Data retrieved from Census Reporter and Data Commons for ZCTA 86331.
- In The Game Prescott Valley4.215.5 mi
- Findlay Toyota Center4.415.3 mi
- Verde Ranch RV Resort4.619.1 mi
- Alcantara Vineyards and Winery4.412.9 mi
- Blazin' M Ranch4.77.4 mi
- Cottonwood Recreation Center4.57.5 mi
- Verde Canyon Railroad4.75.8 mi
- Tuzigoot National Monument4.77.4 mi
- Alcantara Vineyards and Winery4.412.9 mi
- Gold King Mine & Ghost Town4.41.4 mi
- Blazin' M Ranch4.77.4 mi
- Verde Canyon Railroad4.75.8 mi
- Palatki Heritage Site4.818.3 mi
- Gold King Mine & Ghost Town4.41.4 mi
- Jerome State Historic Park4.72.5 mi
- Honanki Heritage Site4.717.9 mi
- Dead Horse Ranch State Park4.67.6 mi
- Tuzigoot National Monument4.77.4 mi
- Jerome State Historic Park4.72.5 mi
- Riverfront Park4.58 mi
- Parsons Trailhead4.69.2 mi
- Agave Highlands3.911 mi
- Coyote Trails Golf Course4.46.3 mi
- Fry's4.28.9 mi
- Safeway4.28.5 mi
- Dollar General48.3 mi
- Cottonwood Plaza/Little Creek4.38.9 mi
- Sedona Airport4.821.8 mi
- Prescott Regional Airport4.616.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Features the Douglas Mansion and exhibits on the town's mining history.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.