Coconino County, Arizona Housing Market Prices
Coconino County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 17% above the Arizona median Among the 3 most expensive counties in Arizona$429,166
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Median rent 4% below the Arizona median Among the 3 most expensive counties in Arizona$1,474
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Coconino County | Arizona Avg | US Average |
|---|---|---|---|
| Median Home Price | $429,166 | $367,851 | $248,835 |
| Price Trend (Annual %) | 10.9% | 11.9% | 7.5% |
| Median Gross Rent | $1,474 | $1,543 | $1,407 |
| Rent Trend (Annual %) | 4.7% | 6.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Coconino County is about 17% higher than in Arizona. Rent is about 4% lower than the Arizona average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Coconino County, up about 10.9% and 4.7% a year respectively. Home prices are changing faster.
Median rent in Coconino County rose about 47.0% between 2015 and 2024, from $1,003 to $1,474. Over the same span, rent in Arizona rose about 69.1%.
Affordability
On average, housing unit costs 5.9 yearly household incomes in Coconino County.
Buying the median-priced home in Coconino County costs roughly 24.3 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Coconino County. The price-to-rent ratio in Arizona is about 19.9.
| Metric | Coconino County | Arizona Avg | US Average |
|---|---|---|---|
| Median Home Price | $429,166 | $367,851 | $248,835 |
| Median Household Income | $73,127 | $80,381 | $80,455 |
| Price-to-Income Ratio | 5.9 | 4.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Coconino County rose about 89.2%, while median household income rose about 45.0% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Coconino County | Arizona Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 46.6% | 60.3% | 58.5% |
| Rental Rate | 31.4% | 29.2% | 31.2% |
| Vacancy Rate | 22.0% | 10.6% | 10.2% |
| Median Tenure (years) | 14.0 | 13.0 | 15.0 |
| Median Year Moved In | 2012 | 2013 | 2011 |
Coconino County has a homeownership rate of 46.6%, lower than the Arizona average of 60.3%. Its housing vacancy rate is 22.0%, compared with 10.6% in Arizona.
Housing Stock
| Metric | Coconino County | Arizona Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.38 people | 2.53 people | 2.53 people |
| Median Structure Built Year | 1990 | 1991 | 1978 |
| Median Number of Rooms | 5.0 | 5.3 | 5.5 |
The typical housing unit in Coconino County was built around 1990. On average, 2.4 people live in a home with about 5.0 rooms, staying for about 14.0 years on average.
Coconino County, AZ Housing Compared With Nearby Counties
Coconino County, AZ is the 3rd largest of the 4 counties compared here, 144,211 residents against a local median of 220,517. The measure that sets Coconino County, AZ apart most is median home price: $429,166, 47% above the local median of $291,956.
Median rent tells the same story from another angle: $1,474 against a local median of $1,091, 35% above it. The one measure here that carries a verdict is homeownership, and at 19% below the local median it puts Coconino County, AZ at the weaker end of the local range. The counties themselves spread $115,559 on median home price, so Coconino County, AZ sits at one end of an already wide local range rather than apart from it. Coconino County, AZ has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Coconino County, AZ | 144,211 | $429,166 #1/4 | $1,474 #1/4 | 59.7% #4/4 |
| Yavapai County, AZ | 245,472 | $380,410 | $1,351 | 75.1% |
| Navajo County, AZ | 105,853 | $291,956 | $858 | 73.2% |
| Mohave County, AZ | 220,517 | $264,850 | $1,091 | 74.1% |
Frequently Asked Questions
Common questions about the housing market in Coconino County, Arizona.
What is the median home price in Coconino County, Arizona?
The median home price in Coconino County, Arizona is $429,166, higher than the Arizona average of $367,851.
What is the average home price in Coconino County, Arizona?
The typical home price in Coconino County, Arizona, reported as the median sale price, is $429,166. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Coconino County, Arizona?
The median gross rent in Coconino County, Arizona is $1,474 per month, lower than the Arizona average of $1,543.
What was the median gross rent in Coconino County in 2020?
In 2020, the median gross rent in Coconino County, Arizona was $1,186 per month.
What is the price-to-rent ratio in Coconino County, Arizona?
The price-to-rent ratio in Coconino County, Arizona is about 24.3, meaning it would take roughly 24.3 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Coconino County.
Are home prices or rent rising faster in Coconino County, Arizona?
Both home prices and rent are rising in Coconino County, up about 10.9% and 4.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Coconino County, Arizona?
46.6% of households in Coconino County, Arizona own their home, lower than the Arizona average of 60.3%.
What is the vacancy rate in Coconino County, Arizona?
The housing vacancy rate in Coconino County, Arizona is 22.0%, higher than the Arizona average of 10.6%.
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