Market Overview
Home Prices in Mormon Lake, AZ
The median home value in Mormon Lake, AZ is $412,335 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.3% compared to a year ago and down 0.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mormon Lake are priced1% above average. Mormon Lake is part of the Flagstaff, AZ metro area.
Over the past five years, Mormon Lake home values have risen by approximately30.4%, reflecting strong long-term appreciation in this market.
Price History
Mormon Lake Home Price Trend
City Comparison
Mormon Lake vs. National Median
At $412,335, homes in Mormon Lake cost 1% above the national median of $410,000. Buyers in Mormon Lake should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Mormon Lake?
20% Down Payment
$82,467
on $412,335
Monthly P&I
$2,150/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,731/mo
incl. taxes & insurance
Income Needed
$109,240
gross annual (30% rule)
10% Down Option
$41,234
+ PMI applies
Loan Amount (20% dn)
$329,868
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Mormon Lake, AZ?
The median home value in Mormon Lake is $412,335 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.3% year-over-year.
How much have home prices changed in Mormon Lake?
Over the past year, home values in Mormon Lake have decreased by 0.3%. Over five years, prices have risen approximately 30.4%.
How much do I need to earn to buy a home in Mormon Lake?
To comfortably afford the median home price of $412,335 with a 20% down payment ($82,467) at today's rates (6.8%), you'd need a gross annual income of approximately $109,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Mormon Lake compare to the national average home price?
The national median home value is approximately $410,000. At $412,335, homes in Mormon Lake are 1% above the national average.
What metro area is Mormon Lake part of?
Mormon Lake is part of the Flagstaff, AZ metropolitan area. Home prices and market conditions can vary across the broader metro region.