Prescott Valley-Prescott vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Richmond is 3% cheaper for renters. A 2-bedroom rents for $1,021/mo vs $1,054/mo in Prescott Valley-Prescott — saving $396/year.
Rent by Unit Size
| Unit Size | Prescott Valley-Prescott | Richmond | Difference |
|---|---|---|---|
| Studio | $648 | $669 | $21 |
| 1 Bedroom | $826 | $842 | $16 |
| 2 Bedrooms | $1,054 | $1,021 | $33 |
| 3 Bedrooms | $1,277 | $1,317 | $40 |
| 4 Bedrooms | $1,437 | $1,453 | $16 |
| Median Income | $60,079 | $69,914 | $9,835 |
Prescott Valley-Prescott
- Studio
- $648/mo
- 1 BR
- $826/mo
- 2 BR
- $1,054/mo
- 3 BR
- $1,277/mo
- 4 BR
- $1,437/mo
- Median Income
- $60,079/yr
Richmond
- Studio
- $669/mo
- 1 BR
- $842/mo
- 2 BR
- $1,021/mo
- 3 BR
- $1,317/mo
- 4 BR
- $1,453/mo
- Median Income
- $69,914/yr
Frequently Asked Questions
Is Prescott Valley-Prescott or Richmond cheaper to rent in?
Richmond is cheaper — a 2-bedroom Fair Market Rent is $1,021/mo vs $1,054/mo in Prescott Valley-Prescott. That's $33/mo or $396/year more expensive in Prescott Valley-Prescott (3% higher).
What is the 2-bedroom rent in Prescott Valley-Prescott vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Prescott Valley-Prescott is $1,054/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Prescott Valley-Prescott and Richmond?
The median household income in Prescott Valley-Prescott is $60,079/year. In Richmond it is $69,914/year. Richmond has the higher median income.
What is the studio rent in Prescott Valley-Prescott vs Richmond?
A studio apartment Fair Market Rent in Prescott Valley-Prescott is $648/mo. In Richmond it is $669/mo.