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Market Intelligence · AZ / Lake Havasu City

Lake Havasu City, AZ 86406 Housing Market

The typical home in Lake Havasu City, AZ 86406 is worth $486,948, up 0.7% over the past year as of September 2026. The median list price is $581,250, and homes spend a median of 73 days on market.

Updated September 2026Median value$487K

The median home value in Lake Havasu City, AZ 86406 is $487K as of September 2026, up 0.7% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 86406 range

$448K to $526K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+0.7% over 12 months

Typical home value in 86406 over the last 12 months: $484K in Sep 2025 to $487K in Sep 2026 (+0.7%).

Sep 2025$484K

Sep 2026$487K

The numbers

What is the 86406 housing market like?

Typical home value

$487K

Up0.7%YoY

Median list price

$581K

Down0.2%MoM

Days on market

73

Down7.6%MoM

Homes for sale

243

Up9.0%MoM

Price cuts

21.3%

Up24.1%MoM

New listings

72

Up38.5%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

86406 housing market forecast 2027

-1.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 86406 to fall 1.1% by September 2027.

Over the 12 months through September 2026, typical home values in 86406 rose 0.7%, per the Zillow Home Value Index.

Will home prices drop in 86406?

Zillow's forecast says they may: it expects typical home values in 86406 to fall 1.1% by September 2027, after a 0.7% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 86406 home prices compare?

  • 86406$486,948
  • Lake Havasu City$486,948
  • Arizona$385,442
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Lake Havasu City: 3 ZIPs; Arizona: 300 ZIPs; United States: 26,262 ZIPs).

Context

Sellers in 86406 are pricing well above where values sit: the median list price is $581,250 while the typical home value is $486,948. There are 243 homes for sale as of September 2026, with 72 new listings adding to that supply. Homes are taking a median of 73 days to sell, and 21.3% of listings have taken a price cut. Values are still rising, up 0.7% over the past year, but the pace of sales is slow. For a seller, this means pricing realistically from the start matters more than it did in a faster market.

Monthly payment

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20% · $97,390

Common questions

What people ask us.

How much is a home in 86406 worth?

The typical home value in 86406 is $486,948 as of September 2026, up 0.7% over the past year.

How long does it take to sell a home in 86406?

Homes in 86406 spend a median of 73 days on market as of September 2026.

Are sellers in 86406 cutting prices?

Yes. As of September 2026, 21.3% of listings in 86406 have had a price cut, while the median list price stands at $581,250.

Discover

Nearby ZIP markets.

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Guides for sellers.