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Home appreciation in Flagstaff, AZ

Over the five years ending 2025, home prices in Flagstaff, AZ grew an average of 10.6% a year.

Price growth at a glance

1-year

+3.1%

2025 over 2024. Arizona: +1.9%.

5-year, per year

+10.6%

Average annual growth, 2020 to 2025. Arizona: +9.7%.

10-year, per year

+8.4%

+124.2% in total since 2015. Arizona: +8.5%.

How does your home compare?

Flagstaff, AZ home prices rose 124.2% over the ten years to 2025, while its ZIP codes ranged from +64.9% to +137.8%. Look up your home to see where it ranks among the homes around it.

Your first analysis is free.

A model-generated estimate and analytical context, not investment advice. Investing? Score any property free

How Flagstaff, AZ compares with Arizona

Arizona averaged +9.7% a year, so Flagstaff, AZ grew faster than the state overall. For five-year price growth, Flagstaff, AZ ranks 68th out of 409 metros nationwide and 1st out of 7 in Arizona.

Index, 2005 = 100

Flagstaff, AZ and Arizona, quarterly house price index rebased to 100 in 2005.
YearFlagstaff, AZArizona
2005 Q1100100
2005 Q2107110
2005 Q3116120
2005 Q4123128
2006 Q1130133
2006 Q2134136
2006 Q3134137
2006 Q4138138
2007 Q1138137
2007 Q2138136
2007 Q3136133
2007 Q4136131
2008 Q1134127
2008 Q2133119
2008 Q3127111
2008 Q4127107
2009 Q1124106
2009 Q211999
2009 Q311494
2009 Q411191
2010 Q110688
2010 Q210485
2010 Q310485
2010 Q410283
2011 Q19878
2011 Q29274
2011 Q39475
2011 Q49377
2012 Q19176
2012 Q29277
2012 Q39381
2012 Q49683
2013 Q19785
2013 Q29889
2013 Q310091
2013 Q410094
2014 Q110396
2014 Q210597
2014 Q310798
2014 Q4109100
2015 Q1110101
2015 Q2114103
2015 Q3116105
2015 Q4116107
2016 Q1115108
2016 Q2120110
2016 Q3122112
2016 Q4123114
2017 Q1127115
2017 Q2128118
2017 Q3131121
2017 Q4133122
2018 Q1135125
2018 Q2138127
2018 Q3139130
2018 Q4141132
2019 Q1140134
2019 Q2144136
2019 Q3146138
2019 Q4148141
2020 Q1150144
2020 Q2153146
2020 Q3154150
2020 Q4161155
2021 Q1167162
2021 Q2179175
2021 Q3195189
2021 Q4205199
2022 Q1219208
2022 Q2231224
2022 Q3229227
2022 Q4227218
2023 Q1225216
2023 Q2234220
2023 Q3240224
2023 Q4238226
2024 Q1240227
2024 Q2249231
2024 Q3252233
2024 Q4250233
2025 Q1248233
2025 Q2255236
2025 Q3256236
2025 Q4262237
2026 Q1252239
2026 Q2262238

Chart through 2026 Q2. Annual growth figures through 2025.

Growth was stronger over the last five years than over the full decade: +8.4% a year over ten years, +124.2% in total.

Over this history, home prices peaked in 2007, fell 32.0% to its 2012 low, and regained the 2007 level in 2018.

The strongest year was 2022 at +21.4%, and the weakest was 2010 at -11.2%.

In 2025 alone the index moved +3.1%, against +1.9% for the state.

ZIP codes in Flagstaff, AZ

Over the ten years to 2025, the 5 ZIP codes FHFA measures in this metro ranged from +64.9% in 86040 to +137.8% in 86046, while the metro as a whole rose 124.2%.

ZIP codes in Flagstaff, AZ ranked by 10-year home-price change through 2025 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
86046-7.5%+10.8%+9.0%+137.8%
86004+1.6%+10.2%+8.1%+117.8%
86017-1.2%+9.4%+7.9%+114.1%
86001+1.3%+10.1%+7.9%+113.1%
86040+1.5%+5.3%+5.1%+64.9%

What a home report shows

Enter an address and you get a score out of 10 for how the home ranks on appreciation potential against comparable homes in its market, with the nearby sales behind it. Here is one saved report.

Example report · saved October 14, 2026

165 N Canal St, Apt 1205, Chicago, IL 60606

Appreciation score

4.1 / 10

Around the median

Where it ranks

Ranks above about 41% of comparable homes in Chicago, IL for appreciation potential.

Price against nearby sales

Priced below most nearby sales, at $300 per square foot across 6 comparable sales.

Read the full example report

Year by year

Annual house price index for Flagstaff, AZ and Arizona, 2005 = 100 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
2005100.0—100.0
2006120.3+20.3%118.6
2007122.8+2.1%117.4
2008116.8-4.9%101.2
2009105.1-10.0%85.1
201093.4-11.2%74.6
201184.5-9.5%66.5
201283.5-1.2%69.3
201388.7+6.2%78.4
201495.3+7.5%85.5
2015102.2+7.2%90.8
2016107.9+5.5%96.9
2017116.2+7.7%104.2
2018124.0+6.7%112.4
2019129.7+4.6%119.8
2020138.4+6.8%129.7
2021167.4+20.9%158.2
2022203.3+21.4%191.4
2023210.0+3.3%193.5
2024222.3+5.9%201.9
2025229.1+3.1%205.7

The 7 measured metros in Arizona

Measured metros in Arizona ranked by 5-year home-price appreciation through 2025 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
#
1Flagstaff, AZ+3.1%+10.6%+8.4%
2Yuma, AZ+2.1%+10.1%+7.3%
3Phoenix-Mesa-Chandler, AZ+1.4%+9.7%+8.8%
4Tucson, AZ+1.9%+9.7%+8.1%
5Sierra Vista-Douglas, AZ+4.2%+9.6%+7.2%
6Prescott Valley-Prescott, AZ+2.3%+9.2%+8.4%
7Lake Havasu City-Kingman, AZ+1.9%+8.9%+8.4%

Source & method: Metro figures: FHFA quarterly all-transactions index for metropolitan statistical areas and metropolitan divisions, annualized as the mean of the four quarterly (NSA) values. State figures: FHFA quarterly all-transactions index, annualized as the mean of the four quarterly (NSA) values. The chart uses quarterly readings, with each series set to 100 in the first quarter of 2005. ZIP figures: FHFA annual five-digit ZIP index (developmental), ZIPs with sufficient transaction history. Missing years are reported as missing by FHFA and are not estimated. Each ZIP is placed in the metro that holds the county with most of its housing units. “5-yr /yr” and “10-yr /yr” are compound annual growth over the window ending 2025; all figures are nominal. Data published by the FHFA House Price Index; this edition compiled 2026-10-17. Educational data, not investment advice.

See the Arizona row in the state rankings, the county rankings, and, for why one metro number hides so much, why two homes in the same ZIP code appreciate differently.

How does your home compare?

See how your home ranks against nearby homes. Your first analysis is free.

Look up your home

Investing? Score any property free

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Measured FHFA data · chart through 2026 Q2