Home Values

Prescott Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$290,900

  • 6.8% 1-year change
  • 0.8% 1-year forecast

The median home value in Prescott is $290,900. Prescott home values have gone up 6.8% over the past year and Zillow predicts they will rise 0.8% within the next year. The median list price per square foot in Prescott is None. The median rent price in Prescott is $1,245, which is higher than the Prescott Metro median of $1,150.

Foreclosures will be a factor impacting home values in the next several years. In Prescott 1.5 homes are foreclosed (per 10,000). This is lower than the Prescott Metro value of 2.7 and also lower than the national value of 3.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Prescott is 2.2%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Prescott homeowners underwater on their mortgage is 9.1%, which is lower than Prescott Metro at 10.9%.

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Relative ZHVI
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Prescott Market Overview

Data through May 31, 2015
  • $290,900 ZHVI
  • 0.8% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (May 31, 2016)
  • No data Median listing price
  • $288,850 Median sale price
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Prescott Market Health

Data through May 31, 2015
  • No recent data Very healthy
  • No data Average days on Zillow
  • 9.1% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 2.2% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

1.5 homes Prescott
2.7 homes Prescott Metro
3.5 homes United States
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Nearby Cities

Name Median ZHVI
Wickenburg $241,400
Dewey-Humboldt $215,000
Chino Valley $213,200
Name Median ZHVI
Paulden $200,400
Clarkdale $199,300
Prescott Valley $175,800
Name Median ZHVI
Cottonwood $153,200
Kirkland $150,900
Yarnell $103,800

Listings & Sales

Data through May 31, 2015
  • No recent data Median list price / sq ft
  • $149 Median sale price / sq ft
  • No data Listings with price cut
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Prescott Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,491 Prescott
    $1,339 Prescott Metro
    $1,367 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,245 Rent list price
  • $0.88 Rent list price / sq ft
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