Prescott, AZ
Rental property insurance for Prescott landlords
Coverage for rental homes and 2–4 unit buildings in Prescott, with local Census housing data. A quote is not a binder.
Census estimates put Prescott's renter-occupied share at 32%, or roughly 7,293 of 22,793 occupied homes. Compared with 33% across Arizona, that is close to average, and it tells you a lot about the local rental stock owners are insuring.
Census snapshot: Prescott housing
| Measure | Prescott | Arizona |
|---|---|---|
| Renter-occupied homes | 32% (7,293) | 33% |
| Median owner-occupied home value | $564,100 | $394,500 |
| Median gross rent | $1,395/mo | $1,543/mo |
| Median year structure built | 1992 | 1992 |
| Homes in 2–4 unit buildings | 8% | 5% |
| Single-family homes (detached or attached) | 71% | 69% |
Data: Census ACS 5-year estimates for 2020–2024 via Census Reporter, and Census Vintage 2024 population estimates.
What home values in Prescott mean for your dwelling limit
Homes in Prescott carry a median value near $564,100 according to the Census, compared with $394,500 statewide. Because land is never rebuilt, many owners find their rebuild estimate differs from that figure in either direction.
For context, the NAIC reported that Arizona dwelling-fire policies insuring $500,000 to $599,999 averaged $813 a year in 2023, against a statewide dwelling-fire average of $636. Those are owner-occupied dwelling-form figures, not landlord quotes.
Fair rental value coverage for Prescott units
Rents in Prescott center on about $1,395 monthly, including utilities where tenants pay them. Many owners plan for a year offline after a serious loss, which works out near $16,740 per unit at the median.
How old Prescott's housing is, and why it matters
With a median year built of 1992, many Prescott rentals are reaching the age where original roofs, water heaters, and HVAC units are replaced. Note those dates on your request.
Prescott's mix of rental buildings
Prescott is mostly single-family, around 71% of units, with 2–4 unit buildings at 8%. Single-family rentals here typically go on a dwelling fire policy.
Comparing Prescott to neighboring cities
In Prescott Valley, 28% of occupied homes are rented and the median value is $413,200. In Phoenix, 43% of occupied homes are rented and the median value is $420,700. Nearby Tucson reports 48% renter households and a $266,200 median home value, so proportionally more renters than Prescott. Among the 25 largest Arizona cities we profile, Prescott ranks 12 for renter share. Manufactured and mobile homes make up about 6% of Prescott's housing, and many dwelling programs underwrite those separately. Roughly 14% of homes in Prescott are in buildings of five or more units, the point where most owners move to commercial apartment policies.
Prescott weather exposures that affect landlord claims
Typical Arizona property risks such as monsoon wind and dust storms and extreme heat and cooling-system strain affect owners in Prescott and the rest of Yavapai County. Flood and earthquake are excluded from standard dwelling forms and need their own coverage.
Hazard themes reflect FEMA’s National Risk Index and NOAA’s Storm Events Database; check the index for your specific county.
Getting a landlord quote in Prescott
- Lease type and whether the unit is ever empty
- Dates of wiring, plumbing, and HVAC upgrades
- Your existing policy and recent claims
- Mortgage company details, if financed
- Desired liability limit and loss-of-rents amount
- Property location in Prescott and unit count
- Year built and roof age
Request a Prescott landlord quote
Questions from Prescott rental owners
How many renters live in Prescott?
About 32% of occupied homes in Prescott, roughly 7,293 households, are renter-occupied according to the 2020–2024 American Community Survey.
Do Prescott landlords have to carry insurance?
Not by statute. In practice, a Prescott rental with a mortgage will need property coverage, and associations or managers often insist on liability limits.
What is a typical landlord premium in Prescott?
It depends on the building, coverage, and deductible. For background, the NAIC reported a 2023 Arizona dwelling-fire average of $636; see our Arizona page for the full table.
More landlord pages near Prescott
Landlord insurance in Arizona · Cost by state
Last updated October 15, 2026. Sources and method: how we research.