ZIP Code · AZ

ZIP 86406

Part of Lake Havasu City, AZ

Pop. 25,067·Mohave County·74th most expensive ZIP in Arizona

Median rent (all units)

$1,837/mo

Year-over-Year

+3.5%

Month-over-Month

+0.8%

vs US Median

-$95

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 86406 · $1,837

More expensive than 52% 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

$1,270

1 BR

$1,270

2 BR

$1,640

3 BR

$2,280

4 BR+

$2,510

Research median

$1,640/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 86406 is at its highest level since Zillow's records here began in April 2022.

Past year vs. the rest of Arizona

Rent in ZIP 86406 changed +3.5% over the year to September 2026. Across the 171 Arizona ZIP codes Zillow tracks, the typical change was +1.6%.

Recent direction

Rent has risen 2 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($77,506) is $1,938 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,640); a 3-bedroom is $2,280.

Rank in Lake Havasu City

2nd cheapest of 3 ZIP codes in Lake Havasu City.

From Zillow's monthly rent index (ZORI) for ZIP 86406. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$22,044/yr

At $1,837/mo median

Location

CityLake Havasu City

StateAZ

CountyMohave County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.5% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.5% YoY, +0.8% MoM), not inventory.

Demographics

Who lives here

ZIP 86406 (Lake Havasu City, AZ) is majority owner-occupied, has a large retiree population, 18.3% of residents hold a bachelor's degree or higher.

Population

25,067

Median income

$77,506

Median age

58.3

Renters

22.4%

Age distribution

14.3%

12.7%

18.9%

16.7%

37.4%

Under 1814.3%

18–3412.7%

35–5418.9%

55–6416.7%

65+37.4%

Gender

50.4%

49.6%

Male50.4%

Female49.6%

Race & ethnicity

83.3%

13.8%

White83.3%

Black0.6%

Hispanic13.8%

Asian0.7%

Other1.7%

Education (25+)

35.3%

39.4%

18.3%

No HS diploma6.9%

HS diploma35.3%

Some college39.4%

Bachelor's+18.3%

Housing tenure

77.6%

22.4%

Owner77.6%

Renter22.4%

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

2022 vs 2026

How ZIP 86406 in Lake Havasu City, AZ has changed in 5 years

Rent

$1,552 → $1,837

up 18.4%

Income

$66,298 → $77,506

up 16.9%

Population

24,050 → 25,067

up 4.2%

Renter share

23% → 22.4%

-0.6 pts

Bachelor's+

19.3% → 18.3%

-1.0 pts

Median age

57.3 → 58.3

+1.0 yrs

Across the past five years, the going rent in ZIP 86406 in Lake Havasu City, AZ has shifted from $1,552 to $1,837, up 18.4% since 2022. Local incomes tracked alongside that move, going from a median of $66,298 in 2021 to $77,506 more recently. Census counts show ZIP 86406 in Lake Havasu City, AZ adding about 1,017 residents over the five-year window, up 4.2% on net. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 86406 in Lake Havasu City, AZ market of 2022.

Community

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About renting in ZIP 86406

Last updated: October 17, 2026

ZIP code 86406 covers Lake Havasu City, AZ. The median rent here is $1,837/mo as of October 2026. A 1-bedroom rents for a median of $1,270/mo. A 2-bedroom rents for a median of $1,640/mo.

At 28% of local median household income ($77,506/yr), ZIP 86406 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 86406?

To keep rent at or below 30% of gross income, you would need to earn at least $73,000/year (about $35/hour full-time) to afford the median rent of $1,837/mo in ZIP 86406. The local median household income is $77,506/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 86406?

Rent in ZIP 86406 has risen 3.5% over the past year as of September 2026. That is the highest level since Zillow's records here began in April 2022.

How does ZIP 86406 compare to other ZIPs in Arizona?

ZIP 86406 is in the middle among Arizona ZIP codes for rent, ranking #74 of 183 at $1,837/mo. Over the year to September 2026, rent in ZIP 86406 changed +3.5%, against a typical +1.6% across the 171 Arizona ZIP codes Zillow tracks.

How does ZIP 86406 compare to the rest of Lake Havasu City?

At $1,837/mo, ZIP 86406 is $133 above the Lake Havasu City citywide median of $1,704/mo. It is the 2nd cheapest of 3 ZIP codes in Lake Havasu City.

Income Affordability

28%

AFFORDABLE

At $1,837/mo, rent takes ~28% of ZIP 86406's median household income ($77,506/yr). The standard benchmark is 30%.

ZIP 86406 28%Benchmark 30%

State income tax2.5%

Nearby ZIPs

86403

Lake Havasu City · $1,526/mo

-$311

86404

Lake Havasu City · $1,926/mo