Metropolitan market · Arizona · September 2026 data

What is the Flagstaff, AZ real estate market doing?

As of September 2026, the median home listed in Flagstaff, AZ asks $741,000, up 4.4% year over year. Homes spend a median of 88 days on market, with 765 active listings and 20% carrying a price cut; pending contracts equal 31% of active listings, and inventory sits at 108% of the same month in 2019 — a balanced market. Estimated gross rental yield on the median listing is 3.1%. Figures come from public records and industry data, updated monthly.

Median listing price
$741,000
▲ 4.4% YoY
Median $ / sq ft
$390
1,997 sq ft median
Median days on market
88
September 2026
Active listings
765
For sale now
New listings
192
September 2026
Listings with price cuts
20%
Share of active
Inventory vs 2019
108%
Same month, 2019 = 100
Pending / active
31%
Contract activity
Median sale price (closed)
$700,000
▲ 7.7% YoY · closed sales · July 2026
Sale-to-list ratio
98.0%
Closed sales · July 2026, seasonally adjusted
Homes sold / month
160
Closed sales · July 2026, seasonally adjusted

What is the Flagstaff, AZ housing market doing right now?

The Flagstaff, AZ housing market lists at a $741,000 median as of September 2026, up 4.4% year over year, with an 88-day median market time and 765 homes for sale (20% with a price cut). Active inventory is 108% of the 2019 level, reading as a balanced market under WealthyBud's published buyer/seller rule. Gross rental yield is about 3.1%.

Flagstaff housing market statistics

The table summarizes Flagstaff's key housing figures for September 2026 — median listing and closed-sale prices, market pace, inventory and rental yield — each computed from public records and industry data. Closed-sale figures are Redfin's July 2026 data, the latest settled month Redfin reports for Flagstaff.

Flagstaff, AZ housing market at a glance — September 2026
MetricLatestDetail
Median listing price$741,000+4.4% YoY
Median price per sq ft$3901,997 sq ft median
Median days on market88+3% YoY
Active listings765+14% YoY
New listings this month192September 2026
Listings with a price cut20%Share of active
Median sale price (closed)$700,000+7.7% YoY · closed sales, July 2026
Sale-to-list ratio98.0%Closed sales, July 2026, seasonally adjusted
Pending-to-active ratio31.0%237 pending
Inventory vs 2019108%Active listings vs same month in 2019
Gross rental yield3.1%2BR fair market rent

How have home prices changed in Flagstaff?

Flagstaff home prices are up 4.4% year over year and +0.8% month over month as of September 2026, at a $741,000 median listing price. The chart tracks the trailing eight-quarter trend in the metro's median asking price.

$760K$747K$735K$722K Q4'24Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26Q3'26

Median listing price, Flagstaff AZ · trailing 8 quarters · source: public records and industry data.

The 10-year view
$760K$679K$599K$518K '17'18'19'20'21'22'23'24'25'26

10-year median listing price, Flagstaff AZ · June of each year, 2017–2026 · source: public records and industry data.

How much inventory is on the market in Flagstaff?

Flagstaff has 765 active listings, 192 new this month, 237 pending as of September 2026. About 20% of active listings have cut their price, and inventory sits at 108% of its 2019 level — a balanced market by pace.

Active listings
765
New this month
192
Pending
237
Price-reduced
152

Is Flagstaff a good real estate investment?

Flagstaff scores 34/100 on WealthyBud's composite Investor Score, ranking #764 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat into one percentile. It is a research opinion, not advice.

Investor Score
34/100
#764 of 933 covered metros
12-month outlook
-2.1%
▼ Cooling · model output, not advice
Price volatility
High
σ 9.0% · 20-yr price-index swings
Momentum
47
Value
28
Rental yield
22
Supply risk
66
Market heat
33

Flagstaff scores 34/100 on our composite Investor Score (#764 of 933 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; the metro's long-run house price index has it up 51% over five years and +118% over ten, leaving prices 52% above its own 2000–2019 trend; at the published FY2026 fair market rent of $1,921/mo for a two-bedroom, the gross rental yield on the median listing is about 3.1%; active inventory sits at 108% of its June 2019 level, so supply is fully rebuilt past pre-pandemic norms; listing prices are up 4.4% year over year; all against a national 30-year fixed mortgage rate of 7.28% (national weekly average, 2026-10-01).

Scores are percentile ranks (0–100) across all covered U.S. metros, computed from the public data cited on this page — formulas here. They are data-derived opinions, not investment advice. See how Flagstaff ranks on the trending markets index.

How much is a monthly mortgage payment in Flagstaff?

A home at Flagstaff's $741,000 median listing runs about $4,056 a month in principal and interest — 20% down on a 30-year fixed loan at the current 7.28% national average rate. Taxes, insurance and HOA are extra.

If rates fall 1% · 6.28%
$3,662/mo
−$394/mo vs today
At today's rate · 7.28%
$4,056/mo
National weekly average
If rates rise 1% · 8.28%
$4,466/mo
+$410/mo vs today

Principal & interest on the $741,000 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 7.28% (national weekly average, 2026-10-01). Model a full deal in the deal analyzer.

How much income do you need to buy a home in Flagstaff?

To buy Flagstaff’s $741,000 median listing with 20% down, a household needs about $187,000 a year in gross income, keeping principal, interest and property tax ($4,359/mo) at 28% of income. That is 2.7× the area’s $69,748 median household income, so a typical Flagstaff household cannot afford the median listing on these terms.

Income needed to buy the median home in Flagstaff, AZ — September 2026
ItemAmountBasis
Median listing price$741,000September 2026
Down payment (20%)$148,200Assumption
Principal & interest (7.28%, 30-yr fixed)$4,056/moRate as of 2026-10-01
Property tax (0.49% effective rate)$303/moCensus ACS
Income needed (28% rule)$187,000Gross household income / yr
Median household income$69,748Census ACS 2023 ACS 5-year

Excludes homeowners insurance, HOA dues and mortgage insurance, so the true income needed is higher. Compare every market in the income-needed ranking and the price-to-income ranking.

What is driving the Flagstaff housing market?

Longer-run demand in Flagstaff shows up in 634 homes permitted in 2025; net migration of -1,301 residents; -3.6% job growth. Natural-hazard risk rates Relatively Moderate. These federal supply-pipeline, migration and jobs signals shape where prices head next.

Building permits (2025)
634
▼ 9.2% vs 2024
4.4 per 1,000 residents
Net migration (2022–2023)
-1,301
▼ people, via tax-return records
net income flow −$53.4M/yr
Job growth (YoY)
-3.6%
▼ 68.8k nonfarm jobs · August 2026
Natural-hazard risk
Relatively Moderate
National hazard index · top hazard: Riverine flooding

Based on public government records — building-permit, tax-return migration, employment and natural-hazard statistics, aggregated to the metro. Details on /methodology.

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Flagstaff housing market FAQ

What is the median home price in Flagstaff?
As of September 2026, the median listing price in Flagstaff, AZ is $741,000, up 4.4% year over year (source: public records and industry data). Figures cover the Flagstaff, AZ metro area.
How much does it cost to buy a home in Flagstaff?
The median home listed in Flagstaff asks $741,000 as of September 2026. With 20% down on a 30-year fixed loan at the current 7.28% national average rate, that runs about $4,056 a month in principal and interest, before taxes, insurance and HOA.
How fast are homes selling in Flagstaff?
The median property in Flagstaff spends 88 days on the market, with 765 homes actively listed and 20% of them carrying a price cut — a balanced market as of September 2026.
Is it a buyer's or seller's market in Flagstaff?
With a median 88 days on market and 20% of active listings carrying a price cut, pending contracts at 31% of active listings, Flagstaff reads as a balanced market as of September 2026. Labels use WealthyBud's published DOM / sale-to-list / price-cut / pending rule. Conditions shift monthly.
Is Flagstaff a good place to invest in real estate?
Flagstaff scores 34/100 on WealthyBud's Investor Score, ranking #764 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat. It is a data-derived research opinion, not investment advice.
Who are the top real estate agents in Flagstaff?
See WealthyBud directories for the top-producing agents, teams and brokerages serving Flagstaff and the wider Arizona market, ranked by recent sales from public profile data.
Based on public records and industry data, September 2026 — see our methodology for how every figure is computed. Figures cover the Flagstaff, AZ metro area. Figures change monthly — verify current conditions with a local agent or MLS. Portions of market data courtesy of Realtor.com and Redfin; additional statistics from U.S. government sources.

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Samuel Okonkwo Property Investment Analyst

Samuel Okonkwo is a property investment analyst who covers cap rates, cash-flow modeling and rental-property ROI for single-family and small multifamily investors. He builds his models from public rent and price data to help readers compare markets objectively.

Editorial persona: WealthyBud bylines are editorial personas, not real individuals. Pages are produced by the WealthyBud research team from the public data cited on each page.