HousingHandbookReference data

U.S. ZIP Code · AZ86038

Coconino County · Flagstaff, AZ

Typical home value

$402,649[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+1.3%
5-year / yr
+5.9%
10-year / yr
+7.3%

Relative price

vs U.S.
+41.7%
vs metro
-27.0%
vs state
+3.5%
ZIP 86038 location in AZ
Location of ZIP 86038 in AZ

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 86038 is worth $402,649 — 27.0% below the Flagstaff, AZ median. Over the past year, values have risen 1.3%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
[3]
Typical annual tax
[3]

#Climate risk

FEMA National Risk Index ratings for Coconino County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Moderate[4]
Riverine flood
Relatively High
Coastal flood
Not Applicable
Wildfire
Relatively High
Drought
Very Low
Heat wave
Relatively Low
Hurricane
No Rating
Tornado
Very Low
Earthquake
Relatively Moderate
Winter weather
Very High

#Who lives here

Population
184[3]
Median household income
$43,942[3]

#Migration

Household moves in and out of Coconino County over a year, from IRS tax-return data.

Net migration
-710[5]
Moved in
4,803
Moved out
5,513

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$2,036
Loan principal$322,119
Down payment$80,530
Total interest paid$410,845

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$2,774
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
25th percentile[1]
Rental yield
[2]
Property tax
[3]

Frequently asked

How much is a home worth in ZIP code 86038?
The typical home in 86038 is worth $402,649, based on the Zillow Home Value Index.
Are home values rising in 86038?
Home values in 86038 are up 1.3% over the past year, and up 5.9% a year over five years.
Who lives in 86038?
ZIP code 86038 has a population of 184 and a median household income of $43,942.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Page, AZ

    Typical home
    $379,417
    Gross yield
  • Valle CDP, AZ

    Typical home
    $439,744
    Gross yield
  • Fredonia, AZ

    Typical home
    $299,042
    Gross yield
  • Blue Ridge CDP, AZ

    Typical home
    $507,051
    Gross yield
  • Bellemont CDP, AZ

    Typical home
    $551,830
    Gross yield
  • Forest Lakes CDP, AZ

    Typical home
    $555,213
    Gross yield

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

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