Flagstaff, Arizona Housing Market Prices
Flagstaff 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 38% below the Arizona median$226,315
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Median rent 6% above the Arizona median$1,633
Housing Market Overview
| Metric | Flagstaff | Arizona Avg | US Average |
|---|---|---|---|
| Median Home Price | $226,315 | $367,851 | $248,835 |
| Price Trend (Annual %) | 7.6% | 11.9% | 7.5% |
| Median Gross Rent | $1,633 | $1,543 | $1,407 |
| Rent Trend (Annual %) | 5.2% | 6.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Flagstaff is about 38% lower than in Arizona. Rent is about 6% higher 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 Flagstaff, up about 7.6% and 5.2% a year respectively. Home prices are changing faster.
Median rent in Flagstaff rose about 55.9% between 2015 and 2024, from $1,047 to $1,633. Over the same span, rent in Arizona rose about 69.1%.
Affordability
On average, housing unit costs 3.2 yearly household incomes in Flagstaff.
Buying the median-priced home in Flagstaff costs roughly 11.5 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Flagstaff. The price-to-rent ratio in Arizona is about 19.9.
| Metric | Flagstaff | Arizona Avg | US Average |
|---|---|---|---|
| Median Home Price | $226,315 | $367,851 | $248,835 |
| Median Household Income | $71,406 | $80,381 | $80,455 |
| Price-to-Income Ratio | 3.2 | 4.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Flagstaff fell about 17.8%, while median household income rose about 47.0% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Flagstaff | Arizona Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 38.4% | 60.3% | 58.5% |
| Rental Rate | 51.1% | 29.2% | 31.2% |
| Vacancy Rate | 10.5% | 10.6% | 10.2% |
| Median Tenure (years) | 9.0 | 13.0 | 15.0 |
| Median Year Moved In | 2017 | 2013 | 2011 |
Flagstaff has a homeownership rate of 38.4%, lower than the Arizona average of 60.3%. Its housing vacancy rate is 10.5%, compared with 10.6% in Arizona.
Housing Stock
| Metric | Flagstaff | Arizona Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.25 people | 2.53 people | 2.53 people |
| Median Structure Built Year | 1991 | 1991 | 1978 |
| Median Number of Rooms | 4.9 | 5.3 | 5.5 |
The typical housing unit in Flagstaff was built around 1991. On average, 2.2 people live in a home with about 4.9 rooms, staying for about 9.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Flagstaff, Arizona.
What is the median home price in Flagstaff, Arizona?
The median home price in Flagstaff, Arizona is $226,315, lower than the Arizona average of $367,851.
What is the average home price in Flagstaff, Arizona?
The typical home price in Flagstaff, Arizona, reported as the median sale price, is $226,315. 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 Flagstaff, Arizona?
The median gross rent in Flagstaff, Arizona is $1,633 per month, higher than the Arizona average of $1,543.
What was the median gross rent in Flagstaff in 2020?
In 2020, the median gross rent in Flagstaff, Arizona was $1,291 per month.
What is the price-to-rent ratio in Flagstaff, Arizona?
The price-to-rent ratio in Flagstaff, Arizona is about 11.5, meaning it would take roughly 11.5 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Flagstaff.
Are home prices or rent rising faster in Flagstaff, Arizona?
Both home prices and rent are rising in Flagstaff, up about 7.6% and 5.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Flagstaff, Arizona?
38.4% of households in Flagstaff, Arizona own their home, lower than the Arizona average of 60.3%.
What is the vacancy rate in Flagstaff, Arizona?
The housing vacancy rate in Flagstaff, Arizona is 10.5%, about the same as the Arizona average.
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