ZIP Code · AZ

ZIP 86314

Part of Prescott Valley, AZ

Pop. 40,317·Yavapai County·87th most expensive ZIP in Arizona

Median rent (all units)

$1,761/mo

Year-over-Year

+0.2%

Month-over-Month

Stable

vs US Median

-$171

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 86314 · $1,761

More affordable than 54% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,210

1 BR

$1,410

2 BR

$1,760

3 BR

$2,450

4 BR+

$2,680

Research median

$1,760/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

Cheapest month to sign

January. Asking rents in ZIP 86314 usually run 0.5% below trend in January and 0.8% above it in June, about $23 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 86314 is 0.7% below its high of $1,773 in January 2026, at $1,761 as of September 2026.

Past year vs. the rest of Arizona

Rent in ZIP 86314 changed +0.2% over the year to September 2026. Across the 171 Arizona ZIP codes Zillow tracks, the typical change was +1.6%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 86314 rose 44.8% while median household income rose 36.3% ($50,783 to $69,208). Rent outpaced income.

Since before the pandemic

Rent in ZIP 86314 is 42.5% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($69,208) is $1,730 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,410); a 2-bedroom is $1,760.

From Zillow's monthly rent index (ZORI) for ZIP 86314. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$21,132/yr

At $1,761/mo median

Location

CityPrescott Valley

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 (+0.2% YoY, +0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 86314 (Prescott Valley, AZ) is majority owner-occupied, has a large retiree population, 23.3% of residents hold a bachelor's degree or higher.

Population

40,317

Median income

$69,208

Median age

45.2

Renters

32.9%

Age distribution

20.1%

19.1%

23%

26%

Under 1820.1%

18–3419.1%

35–5423%

55–6411.8%

65+26%

Gender

50.1%

49.9%

Male50.1%

Female49.9%

Race & ethnicity

74.1%

22.6%

White74.1%

Black0.5%

Hispanic22.6%

Asian1.4%

Other1.3%

Education (25+)

27.6%

38.6%

23.3%

No HS diploma10.5%

HS diploma27.6%

Some college38.6%

Bachelor's+23.3%

Housing tenure

67.1%

32.9%

Owner67.1%

Renter32.9%

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

2021 vs 2026

How ZIP 86314 in Prescott Valley, AZ has changed in 5 years

Rent

$1,431 → $1,761

up 23.1%

Income

$57,038 → $69,208

up 21.3%

Population

39,118 → 40,317

up 3.1%

Renter share

36% → 32.9%

-3.1 pts

Bachelor's+

20.9% → 23.3%

+2.4 pts

Median age

43.4 → 45.2

+1.8 yrs

Compared with 2021, rent in ZIP 86314 in Prescott Valley, AZ has increased by $330 per month, settling near $1,761 after starting the period at $1,431. Household income in the area moved from $57,038 to $69,208 across the same window, up 21.3% versus 2021. Headcount in the area went from 39,118 to 40,317 between 2021 and 2024, a 3.1% change. About 32.9% of households rent today, against 36% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 20.9% to 23.3%. Reading these numbers side by side helps frame whether current listings in ZIP 86314 in Prescott Valley, AZ look reasonable against where the market sat half a decade ago.

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About renting in ZIP 86314

Last updated: October 17, 2026

ZIP code 86314 covers Prescott Valley, AZ. The median rent here is $1,761/mo as of October 2026. A 1-bedroom rents for a median of $1,410/mo. A 2-bedroom rents for a median of $1,760/mo.

At 31% of local median household income ($69,208/yr), ZIP 86314 ranks as moderate compared to the national benchmark of 30%. Rents have increased 0.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 86314?

To keep rent at or below 30% of gross income, you would need to earn at least $70,000/year (about $34/hour full-time) to afford the median rent of $1,761/mo in ZIP 86314. The local median household income is $69,208/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 86314?

Rent in ZIP 86314 has been roughly flat over the past year as of September 2026, a +0.2% change. It sits 0.7% below its high of $1,773 in January 2026.

When is the cheapest time to rent in ZIP 86314?

Asking rents in ZIP 86314 are usually lowest in January, about 0.5% below their yearly trend, and highest in June, about 0.8% above it. At today's median that is a gap of roughly $23 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 86314?

Yes. From 2019 to 2024, rent in ZIP 86314 rose 44.8% while median household income rose 36.3%, from $50,783 to $69,208. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 86314 compare to other ZIPs in Arizona?

ZIP 86314 is in the middle among Arizona ZIP codes for rent, ranking #87 of 183 at $1,761/mo. Over the year to September 2026, rent in ZIP 86314 changed +0.2%, against a typical +1.6% across the 171 Arizona ZIP codes Zillow tracks.