Fastest-Appreciating ZIP Codes in Flagstaff, AZ (2026)
Ranked by 5-year compound annual growth in home values. Fast growth and strong cash flow rarely appear in the same ZIP — this is the other side of that trade.
| # | ZIP | City | Home value | Rent | Cap rate | 5-yr growth |
|---|---|---|---|---|---|---|
| 1 | 86024 | Happy Jack, AZ | $514,883 | $1,899 | 2.88% | 6.2% |
| 2 | 86018 | Parks, AZ | $610,488 | $1,872 | 2.39% | 6.1% |
| 3 | 85931 | Forest Lakes, AZ | $551,809 | $1,575 | 2.23% | 5.8% |
| 4 | 86004 | Flagstaff, AZ | $628,139 | $2,243 | 2.79% | 5.6% |
| 5 | 86038 | Mormon Lake, AZ | $393,049 | $1,764 | 3.50% | 5.6% |
| 6 | 86005 | Flagstaff, AZ | $733,566 | $2,379 | 2.53% | 5.5% |
| 7 | 86001 | Flagstaff, AZ | $669,109 | $2,129 | 2.48% | 5.0% |
| 8 | 86046 | Williams, AZ | $443,436 | $1,575 | 2.77% | 4.8% |
| 9 | 86015 | Parks, AZ | $554,119 | $1,917 | 2.70% | 4.7% |
| 10 | 86017 | Munds Park, AZ | $591,447 | $1,701 | 2.24% | 4.4% |
| 11 | 86040 | Page, AZ | $376,852 | $1,500 | 3.10% | 2.4% |
Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →
Same metro, different strategy
Cash Flow in Flagstaff, AZ · Affordable in Flagstaff, AZ
Or see the full Flagstaff, AZ metro profile.