Market Overview
Home Prices in Prescott, AZ
The median home value in Prescott, AZ is $606,760 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.7% compared to a year ago and down 1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Prescott are priced48% above average. Prescott is part of the Prescott Valley-Prescott, AZ metro area.
Over the past five years, Prescott home values have risen by approximately18.3%, reflecting steady appreciation in this market.
Price History
Prescott Home Price Trend
City Comparison
Prescott vs. National Median
At $606,760, homes in Prescott cost 48% above the national median of $410,000. Buyers in Prescott should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Prescott?
20% Down Payment
$121,352
on $606,760
Monthly P&I
$3,164/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,018/mo
incl. taxes & insurance
Income Needed
$160,720
gross annual (30% rule)
10% Down Option
$60,676
+ PMI applies
Loan Amount (20% dn)
$485,408
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 Prescott, AZ?
The median home value in Prescott is $606,760 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.7% year-over-year.
How much have home prices changed in Prescott?
Over the past year, home values in Prescott have decreased by 0.7%. Over five years, prices have risen approximately 18.3%.
How much do I need to earn to buy a home in Prescott?
To comfortably afford the median home price of $606,760 with a 20% down payment ($121,352) at today's rates (6.8%), you'd need a gross annual income of approximately $160,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Prescott compare to the national average home price?
The national median home value is approximately $410,000. At $606,760, homes in Prescott are 48% above the national average.
What metro area is Prescott part of?
Prescott is part of the Prescott Valley-Prescott, AZ metropolitan area. Home prices and market conditions can vary across the broader metro region.