Rental numbers for the Flagstaff, AZ metro
The typical home here runs -$2,325 a month at 7.78% with 25% down. 0 of 3 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 3.8%.
- Gross yield
- 4.2%
- typical home, Zillow
- Median ZIP yield
- 3.8%
- 3 ZIPs with full data
- Cash flow
- -$2,325/mo
- at 7.78%, 25% down
- Typical price
- $624,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $2,158/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
11 with published figures
| 86038Mormon Lake | $390,000 | $1,960* | 6.0% | 3.5% | -$980 | n/a |
| 86040Page | $375,000 | $1,750* | 5.6% | 2.7% | -$1,170 | n/a |
| 86024Happy Jack | $511,000 | $2,110* | 5.0% | 2.8% | -$1,581 | n/a |
| 86046Williams | $446,000 | $1,750* | 4.7% | 2.5% | -$1,469 | n/a |
| 86015Parks | $553,000 | $2,130* | 4.6% | 2.3% | -$1,900 | n/a |
| 86004Flagstaff | $621,000 | $2,206 | 4.3% | 2.1% | -$2,262 | -1.4% |
| 86018Parks | $609,000 | $2,080* | 4.1% | 2.1% | -$2,224 | n/a |
| 86017Munds Park | $583,000 | $1,890* | 3.9% | 1.9% | -$2,211 | n/a |
| 85931Forest Lakes | $548,000 | $1,750* | 3.8% | 1.5% | -$2,253 | n/a |
| 86001Flagstaff | $665,000 | $2,086 | 3.8% | 1.7% | -$2,651 | -0.5% |
| 86005Flagstaff | $729,000 | $2,226 | 3.7% | 1.6% | -$2,967 | +2.6% |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- -0.0%
- Rent, 12 months
- -0.8%
- Rent minus price growth
- -0.8 pts
- Property tax
- 0.40%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $504,493 | $1,747 |
| Aug 2022 | $608,449 | $2,013 |
| Aug 2023 | $592,555 | $2,121 |
| Aug 2024 | $614,682 | $2,125 |
| Aug 2025 | $624,531 | $2,176 |
| Aug 2026 | $624,406 | $2,158 |
Counties
- Coconino County, AZ3.8% median yield
Tools
Questions
- Is the Flagstaff, AZ metro good for rental property?
- The typical home here runs -$2,325 a month at 7.78% with 25% down. 0 of 3 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 3.8%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Flagstaff, AZ metro have the highest rental yield?
- 86004 (Flagstaff) at 4.3%, 86001 (Flagstaff) at 3.8%, 86005 (Flagstaff) at 3.7%, on Zillow value and rent. The full table above sorts by any column.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.