21 May Northern Arizona Rental Market Update: May 2025 Edition
As we step into May, Northern Arizona’s rental market continues to evolve, presenting a mix of stable and dynamic trends across its cities. Whether you’re a property owner looking to maximize your investment or a renter seeking the best deals, understanding the current landscape is crucial. Let’s dive into the latest data for Flagstaff, Prescott, Sedona, and Lake Havasu City to see how the rental market is shaping up this month.
Flagstaff Single Family Homes
Flagstaff’s rental market shows stability with the average rent for single-family homes remaining at $3,000. There is no month-over-month change, but a slight year-over-year decrease of $100. With 65 available rentals and an average of 79 days on the market, the demand remains robust, especially with the academic year in full swing. This consistency indicates a reliable market for both investors and renters.
Prescott Single Family Homes
Prescott is experiencing a gentle upward trend in rental prices, with the average rent for single-family homes increasing to $2,600. This marks a $40 month-over-month increase and a $100 year-over-year increase. With 85 available rentals and an average of 107 days on the market, homeowners have a favorable environment to capitalize on the growing interest in this scenic city. The steady increase suggests a healthy and growing market.
Sedona Single Family Homes
Sedona’s luxury rental market is on an upward trajectory, with the average rent for single-family homes rising to $4,000. This reflects a $100 month-over-month increase and a significant $405 year-over-year increase. Despite having 80 available rentals and an average of 132 days on the market, Sedona’s allure and natural beauty continue to attract high-end renters, making it an excellent location for luxury investments. The substantial increase indicates a strong demand for premium rentals.
Lake Havasu City Single Family Homes
Lake Havasu City’s rental market remains stable, with the average rent for single-family homes staying at $2,200. There is no month-over-month change, and a $100 year-over-year decrease. With 171 available rentals and an average of 138 days on the market, the city offers numerous opportunities for homeowners, particularly during peak travel seasons. The potential for short-term rentals is high, especially as retirees and travelers visit during the cooler months.
In conclusion, Northern Arizona’s rental market in May 2025 offers a diverse range of opportunities and challenges. Each city has its unique advantages, from the stable market in Flagstaff to the luxury demands in Sedona and the growing interest in Prescott. Whether you’re looking to invest or rent, staying informed about these trends is key to making the most of your decisions. At Unlimited Real Estate, we’re committed to helping you navigate this dynamic market and maximize your rental income. Contact us today for a free property analysis and let our expert team develop the best rental strategy for your property.
Data sourced from Zillow Rental Market Trends as of May 19, 2025.