The story of this market
The typical home in ZIP 86004 sells for about $750,000, or $399 per square foot.
Prices are up +6.19% from a year ago, so sellers still have some momentum. Homes take about 74 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,955 a month.
ZIP 86004 — Flagstaff
The 86004 housing market shows steady price appreciation, with a median home price of $750,000. Demand remains supported by the local university and regional economic stability, though inventory constraints continue to exert upward pressure on prices.
This ZIP is well-suited for families and outdoor enthusiasts who value proximity to nature and the amenities of Flagstaff, while also attracting university-affiliated residents.
Median prices moved up 6.2% year over year.
Homes spend a median of 74 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
ZCTA 86004, Coconino County, AZ
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by the Flagstaff Unified School District, which generally maintains a stable reputation within the region.
The region faces significant wildfire risks common to Northern Arizona's forested landscape, impacting insurance availability and premiums.
Economic momentum is driven by Northern Arizona University and the tourism sector, with ongoing development focused on residential expansion and infrastructure to support the growing population.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Arizona) — Senior Property Valuation Protection Option (Senior Freeze): Provides a 'freeze' on the valuation of the property for tax purposes, limiting the growth of the property tax burden for eligible seniors. State (Arizona) — Arizona Property Tax Assessment: The tax is calculated by applying an assessment ratio to the property's Limited Property Value (LPV). For primary residential property (Class 3), the assessment ratio is 10%. State (Arizona) — Arizona Property Tax Assessment: Property tax is calculated using the formula: (Full Cash Value or Limited Property Value) x Assessment Ratio = Net Assessed Value. The Net Assessed Value is then multiplied by the local tax rate. For primary residential property (Class 3), the assessment ratio is 10%. State (Arizona) — Delinquent Property Tax Lien Sale and 3-Year Redemption Foreclosure: The county treasurer sells a tax lien certificate via public auction to the investor bidding the lowest annual rate of interest (ranging from 16% down to 0% per annum under A.R.S. § 42-18114). State (Arizona) — Statutory Residential Homestead Exemption: Exempts up to $400,000 of equity in an owner-occupied primary dwelling from attachment, execution, and forced sale arising from unsecured civil judgment liens.
Residents primarily commute via I-40 and I-17, with most employment concentrated in central Flagstaff; transit options are limited outside the city core.
The area offers extensive access to outdoor recreation, including proximity to the Coconino National Forest, local trail systems, and shopping centers along the I-40 corridor.
The rental market remains tight with high demand driven by university students and limited housing supply, keeping rents elevated.
The economy is anchored by Northern Arizona University, the tourism industry, and regional healthcare services.
The area is served by major highway corridors I-40 and I-17, facilitating regional travel, though local public transit is primarily limited to the city center.
Development is focused on mixed-use residential projects to address the ongoing housing shortage in the Flagstaff area.
The Coconino County Assessor manages property valuations based on annual market analysis and state guidelines.
Parcels are subject to various special districts, including school, fire, and utility districts typical of Coconino County.
Property insurance costs are influenced by high wildfire risk, leading to rising premiums and limited carrier options in forested areas.
foreclosure_note
Arizona is primarily a non-judicial foreclosure state, allowing for a streamlined process under a deed of trust.
Sellers are required to provide a comprehensive disclosure statement regarding the physical condition of the property.
Data retrieved from U.S. Census Bureau and ZIP-specific aggregators.
Extensive public lands offering hiking, biking, and camping.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.