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Coconino County, AZ

RANK #673 / 996  ·  POP 144,705  ·  AZ

PROJECTED GROWTH: +0.1%

Coconino County ranks in the bottom tier of U.S. counties on economic momentum.

[01] Why Coconino County?

Encompassing nearly 18,661 square miles, Coconino County is the second-largest county by area in the contiguous United States, larger than nine individual U.S. states. It is home to a diverse landscape, from the deep canyons of the Grand Canyon National Park to the thick forests of the Coconino National Forest and the peaks of the San Francisco Mountains, including Humphreys Peak, Arizona's highest point. Flagstaff, the county seat, is approximately 145 miles north of Phoenix. The county offers extensive outdoor recreation, including multi-use trails, fishing, wildlife viewing, and winter sports. Public transportation options like Mountain Line provide bus and vanpool services, particularly for commutes into Flagstaff. Coconino County's economy is influenced by its natural resources, with tourism, logging, and ranching historically playing significant roles. Major employers include Northern Arizona University and Flagstaff Medical Center. The healthcare and biomedical manufacturing sector is expanding, with companies like W.L. Gore & Associates contributing to job growth. The county also sees investment in renewable energy, with solar and wind power projects developing due to abundant natural resources. Educational services, healthcare, and accommodation and food services are among the most common employment sectors.

[02] Market Snapshot

Housing Ratio
6.6x

Above national median (4.7x)

GDP Growth
+4.3%

Well above national median

Home Prices
+0.4%

Well below national median

Climate & Terrain
4.9

Favorable climate & terrain

Price/Rent
14x

Above national median (13x)

Housing is fairly valued at 6.6x relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Coconino County U.S. National

The Numbers

DEMOGRAPHICS
Population
144,705
-0.16% YoY
Median Household Income
$67,266
Median Home Value
$379,400
+0.36% 12mo
Median Rent
$1,353
Average Annual Pay
$54,494
+4.6% YoY
Employment
65,975
+3.4% YoY
Income-to-Home-Value
0.1773
Less affordable than average
Migration Inflow
6.68%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$610,000
Days on Market
99
Slower market
Months of Supply
5.2
Buyer's market
Sale-to-List Ratio
95.4%
Negotiation room for buyers
Sold Above List
7.9%
Listings w/ Price Drops
14.9%
Building Permits (2024)
703
Single-Family Permits
331

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$3,151M
TOTAL
PROJECT AMOUNT STATUS
Huntley Page Data Center
Huntley LLC
$1,000M Planned
CO Bar Solar Plant
Salt River Project (SRP) and Clenera
$1,000M Under Construction
Red Antelope Solar & Energy Storage Farm
Undisclosed
$400M Planned
Forged Ethic Wind Energy Project
RWE
$323M Under Development
Chevelon Butte Wind Farm (Phases 1 & 2)
AES Corporation
$267M Operating
Babbitt Ranch Energy Center (Wind & Solar with Battery Storage)
SRP and NextEra Energy Resources, LLC
$161M Completed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +4.3% 76 percentile
Population Growth -0.2% 22 percentile
Income Growth +8.7% 55 percentile
Vacancy Rate 1.7% 14 percentile
Home Price Change +0.4% 35 percentile
Rent Growth +2.2% 37 percentile
Price/Rent 14x 44 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Coconino County, AZ a good place to move to?

Coconino County has a Boom Town Index score of 32/100, ranking #673 among 996 U.S. counties. With job growth at +3.4% and a median household income of $67,266, it faces some economic headwinds compared to faster-growing counties.

Is Coconino County affordable?

The median home value in Coconino County is $379,400 with median rent at $1,353/month. The income-to-home-value ratio is 0.1773, which is less affordable than the national average.

Is Coconino County growing or shrinking?

Population growth: -0.2% year-over-year. Job growth: +3.4%. Home values changed +0.4% in the past 12 months.

Are people moving to Coconino County?

Yes — 6.68% of Coconino County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Story County, IA 42 Jasper County, MO 42 El Paso County, TX 42 Anne Arundel County, MD 42 St. Francois County, MO 42 Rowan County, NC 42 Sedgwick County, KS 42 Cecil County, MD 42