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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Prescott, AZ Housing Affordability Index

Prescott, Arizona has an MBR Housing Affordability Index score of 83.4 (Moderately Less Affordable) as of October 30, 2026, ranking 157th most affordable of 168 scored Arizona cities, compared with 93.6 statewide and 97.4 nationally. On a median-priced $564,100 home with 20% down, the Arizona average 30-year fixed rate of 7.24% means a monthly principal and interest payment of about $3,075, or 52% of the city’s $70,874 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Prescott is updated every night from live Arizona mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Prescott MBR-HAI 83.4 Moderately Less Affordable
Rank in Arizona 157 of 168 1 = most affordable
Arizona 93.6 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.24% Arizona lenders
Median home value $564,100 U.S. Census Bureau

Prescott is 10.2 points below the Arizona score. Scores as of October 30, 2026. See the Arizona index

View Prescott Mortgage Rates

What It Takes to Buy in Prescott

$3,075/mo
Principal & Interest
Median home, 20% down, 7.24%
$131,800
Income Needed
To keep the payment at 28% of income
$70,874
Median Household Income
Arizona: $79,964
8.0x
Price-to-Income Ratio
Arizona: 4.9x
$897/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,895/yr
Median Property Tax
0.34% of median value
32.6%
Owner Cost Burden
Owners spending 30%+ of income on housing
48.6%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Prescott, Arizona. The rate is the Arizona average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Prescott Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Prescott, Arizona score: 83.4 (Moderately Less Affordable), ranked 157 of 168 Arizona cities. monitorbankrates.com/housing-affordability-index/arizona/prescott”