Prescott Valley, AZ
Population 48,048 · Arizona
About Prescott Valley, AZ
Prescott Valley is a mid-sized city located in Arizona with a population of 48,048 residents according to the latest US Census Bureau American Community Survey data. The median household income is $70,793 per year, which is 6% below the national median of $75,149. The median age of 47.3 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Prescott Valley features a median home value of $376,300, which is 54% above the national median of $244,900. This places Prescott Valley in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,471, 26% above the national average of $1,163/month. Of the 21,576 total housing units, 71% are owner-occupied (14,212 units) and 29% are renter-occupied (5,867 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Prescott Valley shows an unemployment rate of 3.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 12.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Prescott Valley have an average one-way commute time of 21.5 minutes.
Education & Demographics
24.0% of Prescott Valley residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 17.7% White, 2.5% Hispanic or Latino, 0.3% Black or African American, and 1.7% Asian residents, with 7.1% of the population being foreign-born.
Climate & Weather
Prescott Valley experiences an annual average temperature of 56.4°F with 13.48" of precipitation per year. The moderate climate offers a balance of seasonal variety without extremes. Summer highs average around 90°F (July–August), while winter lows dip to approximately 30°F (December–January).
How Prescott Valley Ranks in Arizona
Cost of Living in Prescott Valley, AZ
Compared to national averages, Prescott Valley has a median household income of $70,793 (6% below the national median of $75,149). Home values average $376,300, which is 54% above the national median. Monthly rent at $1,471 is 26% above the US average of $1,163. Within Arizona, Prescott Valley's income is 14% above the state average of $62,086, and home values are 59% above the state median of $237,048.
Why Live in Prescott Valley, AZ?
Prescott Valley offers a strong job market with an unemployment rate of just 3.5%, and a low poverty rate of 12.3%, better than the national average, and short commute times averaging just 21.5 minutes.
Potential considerations include median household income ($70,793) that falls below the national average, and a competitive housing market where the typical home costs $376,300. However, Prescott Valley’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Prescott Valley has a population of 48,048 with a median age of 47.3 years. Compare Prescott Valley with other cities to see how it stacks up, or explore all cities in Arizona.
Similar Cities Near Prescott Valley
Cities in Arizona with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Oro Valley | 47,595 | $105,342 | $440,400 | Compare |
| Prescott | 46,744 | $69,151 | $528,500 | Compare |
| Sierra Vista | 45,203 | $69,783 | $239,000 | Compare |
| Catalina Foothills | 51,756 | $113,201 | $604,100 | Compare |
| Bullhead City | 42,193 | $47,717 | $196,900 | Compare |
| Marana | 54,487 | $108,256 | $380,100 | Compare |
| Apache Junction | 39,746 | $58,619 | $196,700 | Compare |
| Casa Grande | 57,590 | $66,354 | $258,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Climate & Weather in Prescott Valley
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 44 | 46 | 50 | 69 | 75 | 83 | 94 | 86 | 81 | 73 | 60 | 54 |
| Low °F | 26 | 26 | 31 | 42 | 50 | 56 | 70 | 64 | 57 | 50 | 38 | 33 |
| Rain " | 1.8 | 2.5 | 2.6 | 0.0 | 0.6 | 0.0 | 0.8 | 2.8 | 0.8 | 0.1 | 0.2 | 1.4 |
Other Cities in Arizona
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Prescott Valley With Other Cities
Frequently Asked Questions about Prescott Valley
What is the population of Prescott Valley, AZ?
The population of Prescott Valley, AZ is 48,048 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Arizona.
What is the median household income in Prescott Valley?
The median household income in Prescott Valley, AZ is $70,793 per year, which is 6% below the national median of $75,149.
What is the median home value in Prescott Valley?
The median home value in Prescott Valley, AZ is $376,300, which is 54% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Prescott Valley?
The median monthly rent in Prescott Valley, AZ is $1,471, which is 26% above the national average of $1,163/month.
What is the unemployment rate in Prescott Valley?
The unemployment rate in Prescott Valley, AZ is 3.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Prescott Valley, AZ a good place to live?
Prescott Valley offers a moderate cost of living, a competitive housing market, and a strong job market. With a population of 48,048 and a median age of 47.3, the city appeals to established professionals and retirees.
How educated is Prescott Valley, AZ?
24.0% of residents in Prescott Valley aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Prescott Valley?
Key cost-of-living indicators for Prescott Valley, AZ: median home value is $376,300 (54% above national), median rent is $1,471/month, and median household income is $70,793. The home-value-to-income ratio is 5.3x, a moderate figure by national standards.
What is the poverty rate in Prescott Valley?
The poverty rate in Prescott Valley, AZ is 12.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Prescott Valley, AZ?
Prescott Valley's population is 17.7% White, 2.5% Hispanic or Latino, 0.3% Black or African American, 1.7% Asian, and 0.4% two or more races. 7.1% of residents are foreign-born.