Cost of Living,
Prescott's Real Estate Market
Prescott Metro Area
Profile: Small city Location: Northwest Arizona, south end of Chino Valley Elevation: 5354 Time zone: Mountain Standard Time (no daylight savings time)
|Pleasant climate ||Home prices|
|Attractive downtown||Water shortages|
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Prescott is a pleasant, prosperous, and historic desert mountain city located about 60 miles south of Sedona, a popular arts and retirement community. Downtown is clean, quiet and is a mix of old West and Midwest with a number of historic structures. Older homes, mostly of Victorian vintage, are nicely kept and restored, due in part to preservation incentives. There are more than 700 structures listed in the National Register of Historic Places.
There are numerous newer homes and developments outside of Prescott and in neighboring areas, including Prescott Valley and Chino Valley. Many are upscale and targeted to wealthy retirees. There are some minor arts and cultural assets, and recreation is plentiful in nearby mountains, small lakes and in the area’s many nice golf courses. The area does not get a lot of rainfall nor does it have an extensive water infrastructure, so water availability and conservation are an ongoing concern. Home prices have grown rapidly as the area attracts retirees and other migrants from the West Coast.
The valley location is characterized by low rolling desert studded with rocks, scrub pine and intermittent green, becoming more densely forested with Ponderosa pine as you move into higher mountains both west and east of Prescott. The year-round, high-desert climate is pleasant and dry, although given to frequent below-freezing nights. Many like the area because it has four seasons, low humidity, and lots of sunshine.
Interesting Facts about Prescott, Arizona
As of 2014, Prescott's population is 39,916 people. Since 2000, it has had a population growth of 15.68 percent.--------------------
The median home cost in Prescott is $256,400. Home appreciation the last year has been 10.80 percent.--------------------
Compared to the rest of the country, Prescott's cost of living is 15.10% Higher than the U.S. average.--------------------
Prescott public schools spend $8,145 per student. The average school expenditure in the U.S. is $12,435. There are about 19.6 students per teacher in Prescott.--------------------
The unemployment rate in Prescott is 6.10 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Prescott jobs have Increased by 3.42 percent.
Ranked #6 Emerging Metropolitan Areas
Ranked #42 Best Green Cities
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Average Commute time is 18 minutes. The National Average is 25 minutes.--------------------
Prescott's Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes