Property Makler
Advanced analytics for residential real estate investing

Lake Havasu City-Kingman, AZ housing market

Housing market indicators

Indicator	2022	2023	2024	2025*	2022	2023	2024	YTD
Median Listing Price per Square Feet	$247	$254	$254	$255	4.7%	2.8%	0%	0.4%
Active Listing Count	1,255	1,059	1,316	1,521	118.6%	-15.6%	24.3%	15.6%
Median Days on Market	84	71	75	71	58.5%	-15.5%	5.6%	-5.3%
Share of listings with price increase	1.6%	1.2%	1.3%	0.7%
Share of listings with price decrease	17.3%	15.8%	16.9%	19.3%

* last available value

Note: 12M MA - 12 months moving average, Permits - New Private Housing Structures Authorized by Building Permits. Source: FRED

The Lake Havasu City-Kingman, AZ Metropolitan Statistical Area (MSA) spans Mohave County in northwestern Arizona, covering 13,332 square miles with a low population density of 16.8 people per square mile.
Population reached 226,479 in 2024, up from 223,682 in 2023 ACS data, reflecting steady growth of about 1.5% annually.
Key cities include Lake Havasu City (pop. 57,144 in 2020) and Kingman (pop. approx. 33,000), with surrounding towns and CDPs like Bullhead City, Fort Mohave, and New Kingman-Butler.
Geographic regions: Lake Havasu region (southwest, along Colorado River), Kingman region (central, highway hub), and northern rural areas toward Hoover Dam.

Area	City/Town	Population	Density	Income (high/low/...)	Quality of Schools (GreatSchools rating range)	Crime Level	Property Tax (%)	Comments
Lake Havasu Region	Lake Havasu City	57,144 (2020)	974/sq mi	Median household $55,799 (MSA avg)	5-8/10	Moderate	0.6-0.8%	Tourism-driven, retiree hub, river access
Kingman Region	Kingman	33,000 (est.)	1,200/sq mi	Low-median	4-7/10	Moderate-high	0.7%	Route 66 hub, logistics center
Kingman Region	New Kingman-Butler	13,525	Low	Low	3-6/10	High	0.7%	Affordable housing, suburban sprawl
Bullhead City Region	Bullhead City	40,000 (est.)	500/sq mi	Low-median	4-7/10	Moderate	0.6%	Casino tourism, near Nevada border
Bullhead City Region	Fort Mohave	15,000 (est.)	Low	Median	5-7/10	Low-moderate	0.6%	Retirement community, river views

To view all table columns, please open this table on a laptop or desktop screen.

Median household income: $55,799 (2023), up 4.12% from prior year; per capita income aligns with lower-middle range for Arizona.
High poverty pockets in rural areas; overall MSA income lags state average due to retiree population (median age 53.2).
Education: 92% high school graduate or higher; 18-20% bachelor's degree or higher, below national average; vocational training common in trades.
Large retiree cohort (65+: 34% of pop.), skewing income toward fixed incomes and education toward older demographics.
Ethnic breakdown: 75.6% White non-Hispanic, 15-20% Hispanic, driving bilingual workforce in service sectors.

Tourism and recreation: Dominant, centered on Lake Havasu, Colorado River boating, London Bridge in Lake Havasu City.
Retirement services: Healthcare, assisted living for aging population (35% over 65).
Logistics and transportation: Kingman as I-40/Route 66 hub, warehousing, trucking.
Manufacturing: Light industry, aerospace parts near Kingman Airport.
Gaming/casinos: Bullhead City area, cross-border from Nevada.
Mining/energy: Sporadic in rural north, copper and renewables emerging.

Zoning openness: Moderate; Mohave County permits suburban sprawl, but water scarcity limits high-density in Lake Havasu region.
Regulatory strictness: Low hurdles for single-family homes; floodplain rules strict along river; environmental reviews for desert builds.
Construction workforce cost: Low-moderate; local labor pool from trades, but shortages due to retiree demographics raise costs 10-15% above national.
Land availability: Abundant raw desert land, low acquisition cost ($5k-20k/acre), but infrastructure (water, power) extensions costly.
New permits: Steady issuance, 500-800 units/year, focused on Kingman outskirts and Bullhead expansions.

Net migration in: +3,000-5,000/year, retirees from California/Nevada seeking affordability; population +1.5% annually.
Growing industries: Logistics (I-40 expansion), renewables (solar farms north), healthcare (aging boom).
Declining: Traditional mining, small retail; out-migration of young families due to schools/jobs.
Remote work influx: Post-2020, +10% demand for vacation-home conversions in Lake Havasu.
Seasonal demand: Snowbirds boost winter rentals, pushing year-round buys.

Water scarcity: Colorado River dependence; restrictions cap growth in lakefront areas.
Aging inventory: 40% homes pre-1980, needing updates; median age 40+ years.
Workforce housing shortage: Low wages vs. rising prices (median home $350k-450k).
Crime variability: Higher in Kingman outskirts, deterring families.
Infrastructure lag: Roads, sewers strain in expanding suburbs like New Kingman.
Insurance hikes: Desert fire/flood risks up 20% premiums post-2023 events.
Interest rate sensitivity: Retiree buyers vulnerable to 6-7% mortgages.

Area	Appreciation Potential	Risk	Key Drivers
Lake Havasu City	High	Low-moderate	Tourism growth, retiree influx, limited lakefront supply
Kingman Central	Medium-high	Moderate	Logistics expansion, I-40 access, new industrial parks
Bullhead City/Fort Mohave	Medium	Moderate-high	Gaming recovery, border proximity, affordable entry
New Kingman-Butler	Low-medium	High	Sprawl risks, crime, school quality limits family appeal
Northern Rural	Low	High	Isolation, water issues, slow renewables development