Side-by-side comparison of home prices, mortgage payments, and housing costs between Prescott and Sedona, Arizona. Using Arizona's 0.62% property tax rate and $2,100/year insurance. Updated for 2026.
Prescott is significantly more affordable than Sedona, with homes priced 37% lower on average. That translates to $1,909/month in savings on your total housing payment. For budget-conscious buyers in Arizona, Prescott offers a much more accessible path to homeownership.
Estimated PITI payments assuming 10% down, 6.5% rate, 30-year fixed mortgage with PMI. Uses Arizona's 0.62% property tax rate.
Buying in Prescott saves you approximately $1,909/month ($22,908/year) compared to Sedona, based on median home prices with identical loan terms.
Prescott is the better choice for first-time buyers, with a median price of $495K versus $785K in Sedona. That's $290K less to save for a down payment. You'd need roughly $17K for an FHA 3.5% down payment in Prescott, compared to $27K in Sedona. Arizona offers the Home Plus AZ program (Up to 5% DPA grant) which applies in both cities.
Prescott has the better price-to-rent ratio at 27.1x versus 28.7x in Sedona. A lower ratio generally signals better rental income relative to purchase price. Average rent in Prescott is $1,520/month on a $495K median home, making it a stronger candidate for buy-and-rent investors.
Prescott (pop. 45,827) offers more amenities, schools, and services typical of a larger city, while Sedona (pop. 10,336) may offer a quieter, more community-oriented lifestyle. Prescott offers both more options and lower housing costs, making it attractive for families who want urban amenities without a premium price.