ZIP Code · AZ

ZIP 86305

Part of Prescott, AZ

Pop. 19,790·Yavapai County·54th most expensive ZIP in Arizona

Median rent (all units)

$1,956/mo

Year-over-Year

-0.6%

Month-over-Month

-0.4%

vs US Median

+$24

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 86305 · $1,956

More expensive 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

$1,000

1 BR

$1,170

2 BR

$1,450

3 BR

$2,000

4 BR+

$2,300

Research median

$1,450/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

Past year vs. the rest of Arizona

Rent in ZIP 86305 changed -0.6% over the year to September 2026. Across the 171 Arizona ZIP codes Zillow tracks, the typical change was +1.6%.

Recent direction

Rent has fallen 3 months in a row, and rose in 5 of the last 12 months.

What a typical income covers

30% of the median household income ($80,436) is $2,011 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,000); a 4-bedroom is $2,300.

Rank in Prescott

3rd cheapest of 3 ZIP codes in Prescott.

From Zillow's monthly rent index (ZORI) for ZIP 86305. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$23,472/yr

At $1,956/mo median

Location

CityPrescott

StateAZ

CountyYavapai County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (-0.6% YoY, -0.4% MoM), not inventory.

Demographics

Who lives here

ZIP 86305 (Prescott, AZ) is majority owner-occupied, has a large retiree population, 44.7% of residents hold a bachelor's degree or higher.

Population

19,790

Median income

$80,436

Median age

62.8

Renters

19.1%

Age distribution

16.7%

17.8%

45.1%

Under 1811.3%

18–349%

35–5416.7%

55–6417.8%

65+45.1%

Gender

49.3%

50.7%

Male49.3%

Female50.7%

Race & ethnicity

88.7%

White88.7%

Hispanic9.1%

Asian0.9%

Other1.2%

Education (25+)

16.1%

35.9%

44.7%

No HS diploma3.3%

HS diploma16.1%

Some college35.9%

Bachelor's+44.7%

Housing tenure

80.9%

19.1%

Owner80.9%

Renter19.1%

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

2021 vs 2026

How ZIP 86305 in Prescott, AZ has changed in 5 years

Income

$69,609 → $80,436

up 15.6%

Population

18,421 → 19,790

up 7.4%

Renter share

19.3% → 19.1%

-0.2 pts

Bachelor's+

42.2% → 44.7%

+2.5 pts

Median age

60.5 → 62.8

+2.3 yrs

On the earnings side, the typical household in ZIP 86305 in Prescott, AZ now reports about $80,436, up from $69,609 in 2021. Headcount in the area went from 18,421 to 19,790 between 2021 and 2024, a 7.4% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 42.2% to 44.7%.

Community

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Local insights

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About renting in ZIP 86305

Last updated: October 17, 2026

ZIP code 86305 covers Prescott, AZ. The median rent here is $1,956/mo as of October 2026. A 1-bedroom rents for a median of $1,170/mo. A 2-bedroom rents for a median of $1,450/mo.

At 29% of local median household income ($80,436/yr), ZIP 86305 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.6% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 86305?

To keep rent at or below 30% of gross income, you would need to earn at least $78,000/year (about $38/hour full-time) to afford the median rent of $1,956/mo in ZIP 86305. The local median household income is $80,436/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 86305?

Rent in ZIP 86305 has fallen 0.6% over the past year.

How does ZIP 86305 compare to other ZIPs in Arizona?

ZIP 86305 is one of the pricier among Arizona ZIP codes for rent, ranking #54 of 183 at $1,956/mo. Over the year to September 2026, rent in ZIP 86305 changed -0.6%, against a typical +1.6% across the 171 Arizona ZIP codes Zillow tracks.