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Prescott, AZ Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,842
Monthly Cash Flow
-$1,218
Principal + Equity
$3,969
Annual Total Gain
$33,005
Cash on Cash
-9.77%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$184
Occupancy Rate
55.17%
Monthly Revenue
$2,458
Monthly Cash Flow
-$971
Principal + Equity
$3,969
Annual Total Gain
$35,974
Cash on Cash %
-7.78%
Net ROI %
Market Health & Growth
Median Income
$70,793
Population
46,744
LTR Renter %
29.22%
Forecast (1 yr)
0%
Appreciation (1 yr)
-1.07%
Appreciation (5 yr)
40.94%
Appreciation (10 yr)
97.32%
Job Growth
6.32%
LTR Rentability
Very High
STR Demand
58
STR Rentals
986
Top Public Schools
A-BASIS Prescott
BArizona Agribusiness & Equine Center - Prescott Valley
B
B
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
C
Overall
Top-level market grade
Best Places to Retire in Arizona
#66out of 123 markets
Most Diverse Places to Live in Arizona
#145out of 248 markets
Places with the Best Public Schools in Arizona
#49out of 121 markets
B
Public School
C
Crime And Safety
C-
Housing
C
Nightlife
C
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Prescott, AZ.
In Prescott, AZ, Short Term Rental (STR) regulations are governed by the city's zoning code and are enforced by the Planning and Zoning Department. Here are some key regulations that an investor should be aware of before investing in purchasing a property for Short Term Rental in Prescott:
1. Zoning Restrictions: Prescott has specific zoning regulations that dictate where Short Term Rentals are allowed to operate. Investors should ensure that the property they are considering purchasing is located in a zone that permits Short Term Rentals.
2. Permitting Requirements: In order to operate a Short Term Rental in Prescott, property owners must obtain a Short Term Rental permit from the city. This permit must be renewed annually and may require an inspection of the property to ensure it meets safety and health standards.
3. Occupancy Limits: Prescott has occupancy limits for Short Term Rentals, which vary depending on the size of the property. Investors should be aware of these limits and ensure that they comply with them when renting out their property.
4. Noise and Nuisance Regulations: Prescott has noise and nuisance regulations that apply to Short Term Rentals. Investors should be aware of these regulations and take steps to ensure that their guests are respectful of the neighborhood and do not disturb nearby residents.
5. Taxation: Short Term Rentals in Prescott are subject to transient occupancy taxes, which must be collected and remitted to the city. Investors should be aware of these tax obligations and ensure that they are properly accounted for in their rental operations.
6. Homeowner's Association (HOA) Rules: If the property is located in a neighborhood with a Homeowner's Association, investors should also be aware of any additional rules or restrictions that may apply to Short Term Rentals. It is important to review the HOA's governing documents before purchasing a property for Short Term Rental.
By being aware of and complying with these regulations, investors can ensure that their Short Term Rental property in Prescott operates smoothly and successfully. It is recommended to consult with a local real estate attorney or property management company familiar with Short Term Rental regulations in Prescott for further guidance.
Market Trends Over Time
Explore 25 years of market data for Prescott, AZ, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Prescott, AZ.
The LTR Genie Score of Prescott, AZ is 65, indicating a moderate level of attractiveness for long-term rental investment. The STR Genie Score is 51, suggesting a slightly lower appeal for short-term rental investment compared to long-term rentals. The high LTR Rentability and positive LTR Net ROI of 22.05% contribute to the relatively higher LTR Genie Score. However, the lower STR Genie Score may be influenced by the lower STR Occupancy rate of 55.17% and STR Net ROI of 24.03%.
Prescott, AZ is known for its mild climate, outdoor recreational opportunities, and historic downtown area. The city attracts retirees, second-home buyers, and tourists looking for a peaceful retreat in a picturesque setting.
Based on the metrics provided, Prescott, AZ appears to be a more attractive market for long-term rental investment due to the higher LTR Genie Score and favorable LTR Net ROI. However, investors may also consider diversifying their portfolio by exploring short-term rental opportunities in the area, especially if they can optimize occupancy rates and revenue. Ultimately, a combination of both long-term and short-term rental investments could offer a well-rounded approach to maximizing returns in the Prescott real estate market.
