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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already −9.3% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, +22.7% YoY, is the number to watch.
The median listing price is down 9.3% YoY while the median home got down 9.5% bigger, so value per square foot is down 2.4%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $678K purchase rents for $2,000/mo: 0.30% of price per month against the 1% rule's 1.00%.
Not shown: 6 BR (sale only, no matching rent).
Sales here take about 73 days longer to go under contract than rentals (median across 4 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented), Manufactured (sold here, not rented).
U.S. Census ACS characteristics for ZIP 86001 itself, not its parent county.
Renters hold 63.2% of this ZIP's 13,990 occupied households, on a median household income of $65K.
| Measure | ZIP 86001 | Coconino County | Difference |
|---|---|---|---|
| Median Household Income | $65K | $73K | -$8K |
| Below Poverty Level | 22.8% | 16.8% | +6.0% |
| Median Age | 23.80 | 32.80 | -9.00 |
| Total Population | 37,312 | 144,508 | -- |
| Avg Household Size | 2.14 | 2.38 | -0.24 |
| Owner-Occupied | 36.8% | 59.7% | -22.9% |
| Worked From Home | 13.0% | 12.9% | +0.1% |
| Mean Commute | 15.50 | 19.30 | -3.80 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is down 0.1% to 144,508: residents under 18 are down 1.6% and those 65 and over are up 3.8%.
County median household income is $73K, 16.8% of residents are below the poverty level, 12.9% work from home.