Median Age
48 Years
Largest Age Group
65-74 Years
Approximately 16% of Residents
Under 20
20%
Over 65
30%
Avg Rent
$1,594
Population
48,993
Renter Mix
30% Rent
Prescott Valley is a large suburban town positioned on the northeast side of Prescott in central Arizona. The town’s landscape is almost entirely filled by residential neighborhoods, with many Prescott commuters drawn to the tranquil atmosphere. On the south side, State Route 69 serves as the town’s main commercial backbone, lined by shopping centers, restaurants, movie theaters, and other popular hangouts. Nestled between Prescott National Forest and Coconino National Forest with Grand Canyon National Park just a short drive to the north, residents enjoy a prime location for experiencing the phenomenal natural beauty of the region anytime, with endless opportunities for hiking, camping, and mountain biking within minutes of home.
There are plenty of multi-story hilltop homes in Mayer.
Colt Grill is a BBQ smokehouse in Prescott Valley with a full bar.
Come fish in Fain Lake just minutes from Castle Canyon Mesa.
Median Household Income
$63,384
Average: $78,979
Education
10,653
Residents Have a Degree
Job Market
21,702
Workers Employed
Median Age
48 Years
Largest Age Group
65-74 Years
Approximately 16% of Residents
Under 20
20%
Over 65
30%
Housing Distribution
Prescott Valley has more homeowners than renters.
Education Distribution
Review this city's overall education levels.
As of April 2026, the average apartment rent in Prescott Valley, AZ is $1,397 for a studio, $1,600 for one bedroom, $1,884 for two bedrooms, and $2,111 for three bedrooms. Apartment rent in Prescott Valley has decreased by -3.4% in the past year.
The cost of living in Prescott Valley, AZ is 24.6% higher than the national average. Generally, housing in Prescott Valley is 72.8% more expensive than the national average, with rent falling between $1,397 - $2,111. You can expect to pay 2.7% more for groceries, 9.7% less for utilities, and 4.3% more for transportation.
Compare Cities
Explore how walkable, bikeable, drivable, and transit-friendly Prescott Valley, AZ is for everyday living.
Somewhat Walkable
Walkability
Exceptionally Drivable
Drivability
Somewhat Bikeable
Bikeability
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The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
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© 2026. All rights reserved.
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.