Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Yavapai County | Arizona Avg | US Average |
|---|---|---|---|
| Median Home Price | $351,596 | $340,223 | $242,182 |
| Price Trend (Annual %) | 10.8% | 12.4% | 8.2% |
| Median Gross Rent | $1,258 | $1,430 | $1,342 |
| Rent Trend (Annual %) | 5.1% | 6.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Yavapai County is about 3% higher than in Arizona. Rent is about 12% lower than the Arizona average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Yavapai County, up about 10.8% and 5.1% a year respectively. Home prices are changing faster.
Median rent in Yavapai County rose about 46.9% between 2015 and 2023, from $857 to $1,258. Over the same span, rent in Arizona rose about 56.7%.
Affordability
On average, housing unit costs 5.3 yearly household incomes in Yavapai County.
Buying the median-priced home in Yavapai County costs roughly 23.3 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 Yavapai County. The price-to-rent ratio in Arizona is about 19.8.
| Metric | Yavapai County | Arizona Avg | US Average |
|---|---|---|---|
| Median Home Price | $351,596 | $340,223 | $242,182 |
| Median Household Income | $66,687 | $77,100 | $78,145 |
| Price-to-Income Ratio | 5.3 | 4.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Yavapai County rose about 156.5%, while median household income rose about 51.5% between 2009 and 2023 — 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 | Yavapai County | Arizona Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.5% | 59.6% | 58.2% |
| Rental Rate | 23.3% | 29.4% | 31.3% |
| Vacancy Rate | 12.2% | 11.0% | 10.6% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Yavapai County has a homeownership rate of 64.5%, higher than the Arizona average of 59.6%. Its housing vacancy rate is 12.2%, compared with 11.0% in Arizona.
Housing Stock
| Metric | Yavapai County | Arizona Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.18 people | 2.54 people | 2.54 people |
| Median Structure Built Year | 1992 | 1990 | 1978 |
| Median Number of Rooms | 5.4 | 5.3 | 5.5 |
The typical housing unit in Yavapai County was built around 1992. On average, 2.2 people live in a home with about 5.4 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Yavapai County, Arizona.
What is the median home price in Yavapai County, Arizona?
The median home price in Yavapai County, Arizona is $351,596, higher than the Arizona average of $340,223.
What is the average home price in Yavapai County, Arizona?
The typical home price in %s, reported as the median sale price, is %s. 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 Yavapai County, Arizona?
The median gross rent in Yavapai County, Arizona is $1,258 per month, lower than the Arizona average of $1,430.
What was the median gross rent in Yavapai County in 2020?
In 2020, the median gross rent in Yavapai County, Arizona was $981 per month.
What is the price-to-rent ratio in Yavapai County, Arizona?
The price-to-rent ratio in Yavapai County, Arizona is about 23.3, meaning it would take roughly 23.3 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 Yavapai County.
Are home prices or rent rising faster in Yavapai County, Arizona?
Both home prices and rent are rising in Yavapai County, up about 10.8% and 5.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Yavapai County, Arizona?
64.5% of households in Yavapai County, Arizona own their home, higher than the Arizona average of 59.6%.
What is the vacancy rate in Yavapai County, Arizona?
The housing vacancy rate in Yavapai County, Arizona is 12.2%, higher than the Arizona average of 11.0%.