Prescott has a total population of 42,731 and 65.50% of the population own their home. 34.50% of the occupied housing units are renters within the Prescott metro area. The median gross rent from 2014 - 2016 was $854. Today, the rental rates has risen to $1,170. Residents tend to be more long term with 78.10% staying in their residence for more than 1 year. For those who own a home, the median value of the house is $283,500.
Demographics
The total population under the age of 18 is 15.30%. While those over 65 is 34.70%. Women make up 51.20%, while men make up the remaining 48.80%. 93.50% of the population is White, 7.20% is Latino and 0.70% African American.
Education and Economy
13.90% of the population in Prescott is considered to be at the poverty level. The education level is rather high with 94.10% with a high school degree or higher. The median annual household salary for Prescott is $48,259 with 43.04% of all businesses within the city being owned by men, while 33.32% are owned by women and 5.26% of businesses are minority owned.
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