Prescott, AZ is a great place to buy a home. The housing median value in Prescott is $573,000, which is significantly higher than the US House Median Value of $338,100. Additionally, the house appreciation rate in Prescott over the past year was 9.24% compared to 8.27% in the US overall. This trend of increasing valuation means investing in real estate in Prescott could be a wise financial move and a great way for potential homeowners to gain equity on their property quickly and reliably.
The median home cost in Prescott is $573,000. Home appreciation the last 10 years has been 175.2%. Home Appreciation in Prescott is up 19.5%.
Average Age of Homes
- The median age of Prescott real estate is 26 years old
The Rental Market in Prescott
- Renters make up 29.0% of the Prescott population
- 1.1% of houses and apartments in Prescott, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.