Real Estate Investing in Page, Arizona (86040)
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Should you buy in 86040 (Page, AZ)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 17.6% of homes vacant — above national norms.
- Higher unemployment: 7.9% unemployment — tenant risk signal.
What’s happening in Page, AZ (86040)?
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Market Analysis: 86040 Page
This part of Coconino County is not an easy win. The 86040 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 86040 is impressive only for operators who understand what they are buying. A $377K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Page have seen price recovery that 86040 has not matched. Coconino County data supports the view that the spread is structural rather than temporary.
Employment concentration in 86040 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at Page's stable or hybrid ZIPs before stepping into 86040. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Page:
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 86040 Compare?
| Metric | 86040 | Page | Flagstaff, AZ | Arizona |
|---|---|---|---|---|
| Home Value | $376,852 | $376,852 | N/A | $419,643 |
| 5-Year CAGR | 2.4% | 2.4% | N/A | 6.5% |
| Avg Rent | $1,500 | $1,500 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 86040 (Page, AZ). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $376,852 |
| Monthly Rent | $1,500 |
| Price-to-Rent | 20.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 5.5% |
📈 Home Appreciation
| 1-Year | +2.6% ▲ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | +2.4% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 86040
Population: 10,627
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 86040
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
How much do tenants pay in Page, AZ?
Rent in Page, AZ is around $1,500/mo. The resulting rent-to-value relationship with $377K pricing is reasonable for most investor models.
How much does a house cost in Page, AZ?
Homes in Page, AZ typically sell near $377K. Prices have moved at a 0.0% 5-year CAGR, which steady long-term demand.
Is Page, AZ a smart market for rental property?
The 3.0/5 investability rating in Page, AZ reflects its $377K prices and $1,500/mo rents. Investors generally consider it a solid option within AZ.
Are there empty rentals in Page, AZ?
Page, AZ sees elevated vacancy, which is reasonable relative to the broader AZ rental market.
What is the best play in Page, AZ?
For Page, AZ, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 86040 now. You don’t know where it ranks.
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How 86040 ranks in Flagstaff, AZ
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