Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$618,862+0.2% YoY · prices are flat
Market right nowBalanced, leaning buyersMore homes for sale than last year, 19% have cut their price
Income needed to buy, per year$134,156About 1.8× the local median income ($74,564): hard to afford
Days on market91 daysAbout the same pace as a year ago
Next 12 months+1.0%Zillow expects prices to rise slightly
The typical home in Flagstaff, AZ is worth $618,862, about the same as a year ago. That is well above what local incomes have historically supported: fair value is about $517,090, so the area is 19.7% overvalued. It is a balanced market, leaning toward buyers: homes take about 91 days to sell, listings are up 16% from a year ago, 19% of listings have had a price cut. Zillow expects prices to rise about 1.0% over the next year. A household needs about $134,156 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $74,564. Typical rent is $2,128 a month, or $2,780 for a house. In the latest IRS figures, 1,301 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$618,862
Change in 1 year
+0.2%
Overvalued %
+19.7%
Show 7 more
Fair home value
$517,090
Change in 5 years
+22.5%
Zillow forecast, next 12 months
+1.0%
Home value to income
8.3×
Monthly mortgage payment (20% down)
$3,354
Income needed to afford it
$134,156
Property tax rate
0.46%
Rent and investing
Typical rent
$2,128
Typical rent for houses
$2,780
Price-to-rent ratio
24.2×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,729
Gross rental yield
4.13%
Cap rate (estimate)
2.68%
Market activity
Listings vs a year ago
+16.3%
Days on market
91
Listings with a price cut
18.7%
Show 3 more
Homes for sale
758
Pending sales per 100 listings
25
Asking price per sq ft
$391
People and jobs
Median household income
$74,564
Population change (1 year)
−0.2%
Unemployment rate
5.7%
Show 4 more
Population
144,368
Income adjusted for cost of living
$74,341
Net moves in (IRS)
−1,301
Cost of living (US = 100)
100.3
Schools, risk and environment
School rating (1 to 10)
5.4
FEMA hazard risk score (0 to 100)
94.2
Unhealthy air days a year
2
Show 4 more
Flood risk score
96.5
Wildfire risk score
99.4
Walkability (1 to 20)
8.9
Road, rail and air noise
53 dB
Questions people ask
Is Flagstaff, AZ overvalued?
Home prices in Flagstaff, AZ are well above what local incomes have historically supported: fair value is about $517,090, so the area is 19.7% overvalued.
Is Flagstaff, AZ a buyer's or seller's market?
Flagstaff, AZ is a balanced market, leaning toward buyers: homes take about 91 days to sell, listings are up 16% from a year ago, 19% of listings have had a price cut.
Are home prices going down in Flagstaff, AZ?
Home values in Flagstaff, AZ are up 0.2% over the last year. Zillow's forecast for the next 12 months is +1.0%.
How much do you need to earn to buy a home in Flagstaff, AZ?
A household needs about $134,156 a year to afford the typical home in Flagstaff, AZ at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $74,564.