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ZIP Code · AZ

ZIP 86305

Part of Prescott, AZ
Pop. 19,790·Yavapai County·118th most expensive ZIP in Arizona
Median rent (all units)
$1,632/mo
Year-over-Year
-20.5%
Month-over-Month
Stable
vs US Median
-$333
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 86305 · $1,632
More affordable than 64% of US ZIP codes · National median $1,965/mo
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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: July 20, 2026

Annual cost
$19,584/yr
At $1,632/mo median
Location
StateAZ
CountyYavapai County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 20.5% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-20.5% YoY, +0.0% 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

Tips for renters in ZIP 86305

About renting in ZIP 86305

Last updated: July 20, 2026

ZIP code 86305 covers Prescott, AZ. The median rent here is $1,632/mo as of July 2026. A 1-bedroom rents for a median of $1,170/mo. A 2-bedroom rents for a median of $1,450/mo.

At 24% of local median household income ($80,436/yr), ZIP 86305 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 20.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 86305?

As of July 20, 2026, the median monthly rent in ZIP 86305 (Prescott, AZ) is $1,632. This is based on aggregated data from public sources and community submissions.

How does ZIP 86305 rent compare to the US average?

ZIP 86305's median rent of $1,632/mo is $333 (17%) below the US national median of $1,965/mo.

How does ZIP 86305 compare to other ZIPs in Arizona?

ZIP 86305 falls in the middle range for Arizona, ranking #118 out of 185 ZIPs at $1,632/mo.

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 $65,000/year (~$31/hour full-time) to afford the median rent of $1,632/mo in ZIP 86305. The local median household income is $80,436/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 86305?

Rent in ZIP 86305 has decreased 20.5% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 86305 an affordable place to rent?

ZIP 86305 is considered very affordable for renters. At $1,632/mo, rent takes approximately 24% of the local median household income ($80,436/yr). The standard benchmark is 30%. ZIP 86305 falls comfortably within that range.

What percentage of ZIP 86305 residents rent vs. own?

According to Census data, approximately 19.1% of ZIP 86305 households are renters, while 80.9% are owner-occupied. ZIP 86305 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 86305 compare to the rest of Prescott?

ZIP 86305 is more affordable than Prescott overall. At $1,632/mo, it's $209 below the Prescott citywide median of $1,841/mo.

When was rent data for ZIP 86305 last updated?

Rent data for ZIP 86305 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
24%
VERY AFFORDABLE

At $1,632/mo, rent takes ~24% of ZIP 86305's median household income ($80,436/yr). The standard benchmark is 30%.

ZIP 86305 24%Benchmark 30%
State income tax2.5%
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Schools nearby

Public schools near ZIP 86305 (Prescott, AZ)

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