Real Estate Investing in Prescott, Arizona (86301)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 86301 (Prescott, AZ)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 12.6% of homes vacant — above national norms.
What’s happening in Prescott, AZ (86301)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 86301 Prescott
This part of Yavapai County is not an easy win. The 86301 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $535K asset, 86301 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 86301 and stronger Prescott ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A significant renter share of 29% in 86301 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Prescott's stable or hybrid ZIPs before stepping into 86301. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Prescott:
Property Strategy for 86301
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $363,284 | $1,920 | 3.8% | +5.7% | $181,642 |
| 3BR | $556,664 | $2,670 | 3.5% | +7.0% | $185,555 |
| 4BR | $707,847 | $2,930 | 3.0% | +7.1% | $176,962 |
| 5BR | $793,877 | — | — | +7.2% | $158,775 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 86301 Compare?
| Metric | 86301 | Prescott | Prescott Valley-Prescott, AZ | Arizona |
|---|---|---|---|---|
| Home Value | $534,808 | $455,781 | N/A | $419,643 |
| 5-Year CAGR | 3.1% | 3.0% | N/A | 6.5% |
| Avg Rent | $1,945 | $1,755 | N/A | - |
| Cap Rate | 2.8% | 2.3% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 86301 (Prescott, AZ). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $534,808 |
| Monthly Rent | $1,945 |
| Price-to-Rent | 22.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.8% |
| 5-Year IRR | 6.0% |
📈 Home Appreciation
| 1-Year | +0.5% ▲ |
| 3-Year CAGR | +0.9% ▲ |
| 5-Year CAGR | +3.1% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 Rent Trends
| 1-Year | +7.7% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.8%). 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 86301
Population: 26,204
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 86301
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,217 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Do landlords face vacancy issues in Prescott, AZ?
Rental vacancy in Prescott, AZ is elevated. Investors should budget normal turnover but not chronic empty units.
What is the typical renter like in Prescott, AZ?
Prescott, AZ offers a measured renter base at the $1,945/mo rent level. Tenant turnover is reasonable for well-managed properties.
How do home values compare in Prescott, AZ?
Homes in Prescott, AZ typically sell near $535K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
Is rental property easy to operate in Prescott, AZ?
The landlord environment in Prescott, AZ is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What is the typical rental rate in Prescott, AZ?
The typical rental in Prescott, AZ commands about $1,945/mo monthly. That rent profile stable cash flow against the $535K purchase basis.
You know 86301 now. You don’t know where it ranks.
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How 86301 ranks in Prescott Valley-Prescott, AZ
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