Coconino County, Arizona Housing Market
In Coconino County, Arizona, the median home value is $448,000, with a median monthly rent of $1,473. This places Coconino County at #196 nationally out of 3134 counties by median home value, and #2 within Arizona.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,020
- Establishments: 3,996
- BLS QCEW, 2025
Housing Supply
- Single-family: 421
- Multi-family: 213
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 54,070 (avg $82,212)
- Outflow: 50,909 (avg $82,352)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 8 active ZIP codes in Coconino County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 86046 | 360.6 | -7.47% | 2025 |
| 2 | 86336 | 379.0 | +3.64% | 2025 |
| 3 | 86004 | 372.1 | +1.58% | 2025 |
| 4 | 86001 | 374.0 | +1.26% | 2025 |
| 5 | 86005 | 366.7 | +5.16% | 2025 |
| 6 | 86047 | 292.3 | +2.54% | 2025 |
| 7 | 86040 | 235.5 | +1.51% | 2025 |
| 8 | 86017 | 357.6 | -1.21% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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| Metric | Coconino County | Arizona Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $448,000 | $265,720 | $227,706 |
| Median Gross Rent | $1,473 | $1,073 | $968 |
| Owner Occupancy Rate | 59.7% | 70.7% | 73.3% |
| Price/Rent Ratio | 25.3 | 19.9 | 18.7 |
Market Analysis
The median home value in Coconino County is 68.6% above the Arizona state average and 96.7% above the U.S. national average. The median rent of $1,473/month is 37.3% above the state average.
With a price-to-rent ratio of 25.3, Coconino County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Coconino County has an owner-occupancy rate of 59.7%, compared to 70.7% in Arizona and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Palm Beach County | Florida | $447,300 | $1,916 |
| James City County | Virginia | $447,200 | $1,552 |
| Williamson County | Texas | $447,000 | $1,796 |
| Humboldt County | California | $446,900 | $1,287 |
| Jefferson County | Montana | $446,900 | $925 |
Other Counties in Arizona
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Maricopa County | $452,800 | $1,708 | 65.2% |
| Yavapai County | $425,200 | $1,351 | 75.1% |
| Pinal County | $349,000 | $1,537 | 81.7% |
| Pima County | $319,700 | $1,212 | 65.2% |
| Mohave County | $281,000 | $1,091 | 74.1% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).