According to statistics, the population in Prescott, AZ amounts to 41,468, which shows decline 1% compared to the previous year. The median age of the city’s residents is 57. The average household income is $50,812, shifting growth 5% from the past year, and the average property value in Prescott, AZ growth 6% to $301,600 throughout the year.
|Number Of Employees||14,627|
|Median Property Value||$301,600|
The average household income in Prescott, AZ grew from $48,259 to $50,812 in the past year. This data is an estimate based upon 18,808 households in Prescott, AZ . The chart below presents how household income is distributed in Prescott, AZ in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Prescott, AZ shifted from $283,500 to $301,600 throughout the year. The subsequent graph indicates the share of properties in the given price range in Prescott, AZ in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Prescott, AZ properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Prescott, AZ compared to median property taxes around the country. The prevalent amount of property taxes in Prescott, AZ equals $1150, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|Studio for sale||$614,162||+52.5%|
|1 bed for sale||$121,666||-75.2%|
|2 bed for sale||$437,295||-11.4%|
|3 bed for sale||$766,914||+4.1%|
|4+ bed for sale||$659,827||+9.2%|
During Jul 2022, the average price for an apartment in/near Prescott, AZ increased by 2.6% to $657,386.
After collecting all data points, we now see that the average price for 1-bed apartment decreased by 75.2% to $121,666. Asking price for 2-bed apartment also decreased by 11.4% and a place of this size will now cost you $437,295. A 3-bed apartment goes for $766,914, it increased by 4.1% lately. We discerned the rise of 4- and more bed apartment price. It increased by 9.2% and made it up to $659,827.
|Listing Type||Jul||vs Last Month|
|Apartments for sale||$302,500||+11.3%|
|Townhouses for sale||$375,980||-24%|
|Land for sale||$193,058||-11.1%|
|Houses for sale||$764,521||-3.5%|
|Condos for sale||$302,061||-22.3%|
|Duplexes for sale||$846,603||+22.4%|
The average cost of an apartment in Prescott, AZ rised by 11.3% to $302,500. Price reports demonstrate that house price decreased by 3.5% this month making it up to $764,521. Condos faced an upward trend these days. The median price for a condo decreased by 22.3%, it’s now available for $302,061. You can now purchase a duplex for just $846,603, duplex price increased by 22.4% this month. The property value of townhouses decreased by 24%, you’ll have to spend around $375,980 to get one.