18 Mar Northern Arizona Rental Market Update: March 2025 Edition
As we step into the spring season, Northern Arizona’s rental market is buzzing with activity. With the snow melting away, students and families are gearing up to move into their new homes, and homeowners are preparing their properties for the influx of renters. At Unlimited Real Estate, we’re committed to keeping you informed about the latest trends and updates in the rental market. In this March 2025 Rental Market Update, we’ll dive into the latest numbers and insights for single-family homes in Flagstaff, Prescott, Sedona, and Lake Havasu City.
Flagstaff
Flagstaff’s single-family home rental market is showing promising signs, with an average rent of $3,100, representing a $100 month-over-month increase and a $100 year-over-year increase. With only 75 available rentals on the market and an average of 78 days on market, it’s clear that demand is high in this college town.
Prescott
In Prescott, the average rent for single-family homes has remained steady at $2,500, with no month-over-month change but a $50 year-over-year increase. With 80 available rentals and an average of 124 days on market, Prescott’s rental market is experiencing a more relaxed pace. However, this doesn’t mean that homeowners should be complacent.
Sedona
Sedona’s luxury rental market is experiencing a slight correction, with an average rent of $3,800, representing a $100 month-over-month decrease and a $26 year-over-year decrease. Although there are only 64 available rentals on the market, Sedona’s unique red rock formations and thriving art scene continue to attract high-end renters. While the market may be experiencing a slight downturn, Sedona’s luxury rentals remain a lucrative option for homeowners.
Lake Havasu City
Lake Havasu City’s single-family home rental market remains stable, with an average rent of $2,200, showing no month-over-month or year-over-year change. Despite having 196 available rentals on the market, Lake Havasu City still offers opportunities for homeowners looking to rent out their properties during peak travel seasons like spring break. There is strong potential for short-term rentals in Lake Havasu City, particularly during the cooler months when retirees and travelers flock to the area.
In conclusion, Northern Arizona’s rental market is diverse and dynamic, with each city presenting unique opportunities and challenges for homeowners. Whether you’re looking to rent out your property in Flagstaff, Prescott, Sedona, or Lake Havasu City, it’s essential to stay informed about the latest market trends and insights. At Unlimited Real Estate, we’re committed to helping you navigate the rental market and maximize your investment.
Contact us today to get a free property analysis and discover how you can capitalize on the growing demand for rentals in Northern Arizona. Our team of experts will work with you to determine the best rental strategy for your property, ensuring that you get the highest possible returns on your investment. Don’t miss out on this opportunity to boost your income and secure your financial future – reach out to us today to get started!
Data sourced from Zillow Rental Market Trends as of March 18, 2025.