Flagstaff, Arizona Real Estate & Housing Market

Flagstaff, AZ Listings

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Flagstaff Housing Information

Index	Flagstaff	Arizona	National
Median home price	$280,200	$176,900	$184,700
Median rent asked	$1,090	$937	$949
Avg. people per household	2.5	2.7	2.6
Owner occupied households	45.0%	62.6%	63.6%
Renter occupied households	55.0%	37.4%	36.4%

Above, you'll find an overview of the real estate market in Flagstaff, AZ. Generally, real estate in the Flagstaff, AZ area is less affordable in Arizona, as the median price of a home in Flagstaff, AZ is $280,200, which is 58% higher than the Arizona average. The median rental price in Flagstaff, AZ is $1,090. This is 16% higher than the average rental price in Arizona. Home owners comprise 45.0% of the population of Flagstaff, AZ, where an average of 2.5 people live in each home. Various real estate options from luxurious homes to affordable condos and urban townhomes are available in Flagstaff, AZ. Below, you can search for real estate listings in Flagstaff, AZ using our search functionality that allows you to personalize your search and filter out location, price, and number of bedrooms and bathrooms.

Flagstaff Home Affordability

When searching for real estate in Flagstaff, AZ, home affordability is a critical aspect. The ratio of the house price to the median household income is one method used to figure out home affordability. In Flagstaff, AZ, the median house price is $280,200, while the median income for households in the area is $50,677. Therefore, the ratio of house price to income is 5.5x; this ratio is 60% higher than the average in Arizona. The calculation for the ratio of home affordability requires dividing the median household income by the median house price. The lower the aforementioned ratio, the more affordable homes are - when comparing the house price to the household income. However, there are more factors that come into play in terms of home affordability. The calculator below determines home affordability, and it can help you decide how much money you can afford to pay for real estate in Flagstaff, AZ.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Kachina Village, AZ	2,588	$219,000	19%
Mountainaire, AZ	1,150	$239,100	29%
Doney Park, AZ	5,775	$293,900	59%
Fort Valley, AZ	1,157	$445,300	141%
Flagstaff, AZ	69,270	$280,200	52%

Cities with similar population

City, State	Population	Home Price	National Avg.
Palatine, IL	69,098	$265,800	44%
The Villages, FL	69,457	$246,800	34%
Glen Burnie, MD	69,060	$241,500	31%
Rancho Cordova, CA	69,482	$223,300	21%
Bismarck, ND	68,981	$205,500	11%
Flagstaff, AZ	69,270	$280,200	52%

Source: The Flagstaff, AZ housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).