Real Estate Investing in Mormon Lake, Arizona

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 210 • Coconino County

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Should you buy in Mormon Lake, AZ? Our answer, based on the numbers below.

🏠 For Homebuyers
CAUTION
Grade D (40/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 85.4% of homes vacant — above national norms.

What’s happening in Mormon Lake, AZ?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

5.6% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $393,049
Avg Monthly Rent $1,764
ZIP Codes 1

Investing in Mormon Lake Real Estate

Mormon Lake, AZ covers 1 ZIP codes and a population but the investment metrics here are underwhelming — this is not a market to enter casually.

A 3.0 rating and a 5-year CAGR of 0.0% are the kinds of numbers that warrant real local underwriting, not spreadsheet tourism. Mormon Lake is in that category.

Market conditions in Mormon Lake are soft. Days-on-market has stretched, rent growth has stalled, and the 0.0% 5-year CAGR understates how uneven the underlying ZIPs really are.

Population dynamics in Mormon Lake haven't been supportive. a challenging fit for combined with thin income growth, the demographic backdrop complicates any purely financial underwriting.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Flagstaff, AZ

Mormon Lake is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$393,049
Avg Monthly Rent
$1,764
1% Rule
✗ Below
Landlord Friendly (AZ)

📉 Market Crash Risk Index

Based on Flagstaff, AZ metro

4/10
Moderate Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
2/3
65%
Days Pending
2/2
70 days

View all metro crash risk rankings →

❄️ Cool Market — Flagstaff, AZ metro
70
Days to pending
9.4%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Mormon Lake, AZ

Screen every ZIP in Mormon Lake

Filter Mormon Lake’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Mormon Lake, AZ

How does Mormon Lake, AZ rate as a rental market?

Our data puts Mormon Lake, AZ at 3.0/5 for investability. Home prices of $393K and rents around $1,764/mo create a solid backdrop for investor activity.

Which investment style suits Mormon Lake, AZ?

In Mormon Lake, AZ the substantial play is typically careful cash-flow rentals with hands-on management. The combination of $393K prices and $1,764/mo rents suits that approach.

How strong is tenant demand in Mormon Lake, AZ?

The tenant pool in Mormon Lake, AZ is solid, supported by local employment and population fundamentals. Rents of $1,764/mo are well-absorbed by the market.

How strict are landlord regulations in Mormon Lake, AZ?

Mormon Lake, AZ falls under AZ landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.

What are vacancy rates like in Mormon Lake, AZ?

Mormon Lake, AZ carries elevated vacancy risk. Expect measured absorption at market rents of $1,764/mo.

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