ZIP Code · AZ

ZIP 86303

Part of Prescott, AZ

Pop. 19,446·Yavapai County·105th most expensive ZIP in Arizona

Median rent (all units)

$1,685/mo

Year-over-Year

+1.5%

Month-over-Month

+0.4%

vs US Median

-$247

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 86303 · $1,685

More affordable than 59% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,060

1 BR

$1,230

2 BR

$1,540

3 BR

$2,140

4 BR+

$2,350

Research median

$1,540/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 86303 is 0.5% below its high of $1,693 in December 2025, at $1,685 as of September 2026.

Past year vs. the rest of Arizona

Rent in ZIP 86303 changed +1.5% over the year to September 2026. Across the 171 Arizona ZIP codes Zillow tracks, the typical change was +1.6%.

Recent direction

Rent rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($72,359) is $1,809 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,540); a 3-bedroom is $2,140.

Rank in Prescott

1st cheapest of 3 ZIP codes in Prescott.

From Zillow's monthly rent index (ZORI) for ZIP 86303. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$20,220/yr

At $1,685/mo median

Location

CityPrescott

StateAZ

CountyYavapai County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (1.5% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+1.5% YoY, +0.4% MoM), not inventory.

Demographics

Who lives here

ZIP 86303 (Prescott, AZ) is majority owner-occupied, has a large retiree population, 41.9% of residents hold a bachelor's degree or higher.

Population

19,446

Median income

$72,359

Median age

60.3

Renters

29.2%

Age distribution

12.9%

14.3%

14.2%

18.2%

40.3%

Under 1812.9%

18–3414.3%

35–5414.2%

55–6418.2%

65+40.3%

Gender

49%

51%

Male49%

Female51%

Race & ethnicity

87.6%

White87.6%

Hispanic9.6%

Asian0.9%

Other1.6%

Education (25+)

18.2%

36%

41.9%

No HS diploma3.8%

HS diploma18.2%

Some college36%

Bachelor's+41.9%

Housing tenure

70.8%

29.2%

Owner70.8%

Renter29.2%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How ZIP 86303 in Prescott, AZ has changed in 5 years

Rent

$1,469 → $1,685

up 14.7%

Income

$60,037 → $72,359

up 20.5%

Population

18,452 → 19,446

up 5.4%

Renter share

31.8% → 29.2%

-2.6 pts

Bachelor's+

39.7% → 41.9%

+2.2 pts

Median age

60.8 → 60.3

-0.5 yrs

Rent in ZIP 86303 in Prescott, AZ has increased 14.7% since 2022, going from about $1,469 per month to roughly $1,685 today. Household income in the area moved from $60,037 to $72,359 across the same window, up 20.5% versus 2021. Income growth outran rent by about 5.8 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 18,452 to 19,446 between 2021 and 2024, a 5.4% change. About 29.2% of households rent today, against 31.8% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 39.7% to 41.9%. Reading these numbers side by side helps frame whether current listings in ZIP 86303 in Prescott, AZ look reasonable against where the market sat half a decade ago.

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About renting in ZIP 86303

Last updated: October 17, 2026

ZIP code 86303 covers Prescott, AZ. The median rent here is $1,685/mo as of October 2026. A 1-bedroom rents for a median of $1,230/mo. A 2-bedroom rents for a median of $1,540/mo.

At 28% of local median household income ($72,359/yr), ZIP 86303 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 86303?

To keep rent at or below 30% of gross income, you would need to earn at least $67,000/year (about $32/hour full-time) to afford the median rent of $1,685/mo in ZIP 86303. The local median household income is $72,359/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 86303?

Rent in ZIP 86303 has risen 1.5% over the past year as of September 2026. It sits 0.5% below its high of $1,693 in December 2025.

How does ZIP 86303 compare to other ZIPs in Arizona?

ZIP 86303 is in the middle among Arizona ZIP codes for rent, ranking #105 of 183 at $1,685/mo. Over the year to September 2026, rent in ZIP 86303 changed +1.5%, against a typical +1.6% across the 171 Arizona ZIP codes Zillow tracks.