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Prescott

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  1. Jome
  2. New homes search
  3. Arizona
  4. Tucson-Flagstaff Area
  5. Yavapai County
  6. Prescott

Housing market in Prescott, AZ

  • State
    Arizona
  • Neighborhoods
    4
  • Communities
    8
  • Single family
    92
  • Townhouses
    0
  • Multi family
    0
  • Condominiums
    0
  • Active builders
    2
  • Starting price
    $359,990
  • Median price
    $859,890
  • Price per square foot
    $356.51

Real estate price trends

Home price data reflects 0 listings in Prescott, AZ, sourced from Jome and updated regularly

*Based on Jome markets

What it's like to live in Prescott?

The Local Vibe (Location & Identity)

Located roughly 100 miles north of Phoenix, Prescott serves as the historic seat of Yavapai County and a distinct high-desert hub. With a population of approximately 47,000, the city maintains a balanced demographic of retirees and a growing workforce supported by the aerospace and healthcare sectors. It functions as a standalone destination rather than a bedroom community, defined by its 5,200-foot elevation and four-season climate.

Living Here: Amenities & Lifestyle

Daily life often centers around the historic Courthouse Plaza and the adjacent shops of Whiskey Row. Residents frequent Watson Lake Park for kayaking among the Granite Dells or hike the extensive trail systems within the Prescott National Forest. For shopping and dining, the Frontier Village Center and Prescott Gateway Mall provide regional retail hubs. Major employers like Yavapai Regional Medical Center and Embry-Riddle Aeronautical University drive the local economy and keep the professional community active. Commuters typically stay within the "Tri-City" area, though State Route 69 provides a direct connection to the Phoenix metro for occasional travel. The city's geography creates a unique constraint, as rugged terrain often limits large-scale expansion compared to the flat valleys of the south.

Schools & Family Appeal

The Prescott Unified School District serves the area, featuring recognized campuses like Prescott High School and several specialized elementary programs. Families also benefit from the Prescott Public Library and the city’s numerous youth sports leagues hosted at Heritage Park. These community resources provide a stable foundation for the city's residential neighborhoods.

Why New Construction Makes Sense Here

Investing in new construction homes in Prescott offers significant long-term financial advantages over the city's aging housing stock, much of which dates back several decades. Modern builds are designed for the high-altitude climate, potentially saving homeowners $150-250 per month on utility costs compared to a 1990s-era home, according to regional energy efficiency standards. Many builders in new home communities in Prescott also offer interest rate buy-downs, which can lower monthly mortgage payments more effectively than negotiating on a resale property. These savings help offset the initial purchase price while eliminating the immediate need for expensive capital expenditures like roof replacements or HVAC upgrades. Choosing a new build ensures that your investment is protected by a 10-year structural warranty from day one.