The story of this market
The typical home in ZIP 86005 sells for about $825,000.
Prices are down 18.2% from a year ago, which gives buyers more room to negotiate. Homes take about 94 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $2,100 a month.
ZIP 86005 — Flagstaff
The 86005 housing market is experiencing a period of price normalization following significant growth, with a median price of $825,000. While year-over-year prices have softened, the market remains active with low months of supply, indicating sustained demand for Flagstaff's premium submarkets. Buyers are finding more leverage as inventory levels stabilize.
This ZIP is ideal for family buyers seeking suburban amenities, outdoor enthusiasts drawn to the forest interface, and university-affiliated professionals.
Median prices moved down 18.2% year over year.
Homes spend a median of 94 days on market with 1.4 months of supply — a fast-moving market.
19% of listings have cut prices · homes sell at 97.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 7.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 86005, 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 maintains a generally positive reputation within the region.
The region faces elevated wildfire risks common to the Coconino National Forest interface, necessitating proactive fire-wise property management.
Economic momentum is anchored by Northern Arizona University and a growing tourism and outdoor recreation sector, with ongoing residential development in master-planned communities.
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 benefit from direct access to I-40 and I-17, facilitating commutes to the Flagstaff employment core and regional hubs.
The area features extensive access to the Coconino National Forest, local trail networks, and proximity to Arizona Snowbowl and downtown Flagstaff shopping.
The rental market is influenced by university student demand and seasonal tourism, maintaining tight vacancy pressure.
The economy is driven by Northern Arizona University, regional healthcare services, and the tourism industry.
The area is served by major highway corridors I-40 and I-17, with limited public transit options outside the city center.
Ongoing development focuses on master-planned residential communities and mixed-use projects near the university corridor.
The Coconino County Assessor manages property valuations based on market-value standards.
Parcels are subject to Flagstaff Unified School District taxes and various municipal utility service districts.
Property insurance premiums are rising due to regional wildfire risk exposure and national market trends.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Exclusive private golf community and residential enclave.
High-end residential golf community.
Direct access to extensive hiking and outdoor recreation trails.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.