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Lake Montezuma, Arizona

Lake Montezuma is an unincorporated community of about 4,900 people in Yavapai County, Arizona. It has no city government of its own: local services come from the county, or in some states from the town or township. A typical home costs about 4.4 years of the typical household's income, compared with 4.1 across the U.S. The nearest metro area of about a million people or more, Phoenix, is about 75 miles away as the crow flies.

Population
4,929
Census survey, 2020-24
Typical home, 2020-24
$285,200
Yavapai County prices up 10% since 2022
Household income
$64,455
U.S.: $80,734
Prices, Prescott Valley area
98.3
U.S. average = 100
Emergency room
15 miles
Cottonwood, AZ
To Phoenix
75 mi
straight line

The book's checklist

  • Lower cost of livingEveryday prices run 1.7% below the U.S. average in the Prescott Valley-Prescott metro area.
  • More house for the moneyA typical home costs 4.4 years of the typical household's income here. Across the U.S. it's 4.1.
  • A safer neighborhoodThe FBI doesn't publish crime figures for unincorporated communities. Call the county sheriff's office (or the town or township police, where there is one) and ask what calls they get most.
  • Schools in town1 public school. No public high school in town: the nearest is Camp Verde High School, about 5 miles away.
  • A hospital close byVerde Valley Medical Center in Cottonwood, about 15 miles away, has the nearest emergency room.
  • Within reach of a big cityPhoenix is about 75 miles away as the crow flies. The book suggests staying within about 60 miles if you'll miss big-city sports, concerts and theater.

A check means Lake Montezuma meets the rule of thumb from Frank and Dave's book. An empty box isn't a deal breaker: it's something to weigh for your family. A question mark means there isn't enough data.

For a lifetime

Homes and money

Typical home value, as owners valued them in 2020-2024
$285,200U.S.: $332,700
Home prices since then
Up 10%Yavapai County, 2022 to 2025
Typical rent, with utilities
$1,238 a monthU.S.: $1,413
Typical household income
$64,455U.S.: $80,734
Homes owned by the people living in them
65%U.S.: 65%
Typical property tax bill
$1,511 a yearArizona: $1,879
Homes built before 1940
1%U.S.: 12%
Homes built since 2010
4%U.S.: 11%
Vacation and seasonal homes
2%U.S.: 3%
Everyday prices
98.3U.S. average = 100 (the Prescott Valley-Prescott metro area)

Home values and rents are what households told the Census Bureau across 2020 to 2024, so they trail today's market: county prices have moved up 10% since 2022. Everyday prices are the government's average for the Prescott Valley-Prescott metro area, not Lake Montezuma alone. Check current listings before you budget.

Sources: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates; Federal Housing Finance Agency, House Price Index for counties (all transactions); U.S. Bureau of Economic Analysis, Regional Price Parities, 2024.

The people

Population, 2020-2024 Census survey
4,929The Census Bureau makes yearly estimates only for incorporated towns
Median age
61.5 yearsU.S.: 38.9
Age 65 and older
42%U.S.: 17%
Under 18
6%U.S.: 22%
Adults with a bachelor's degree or more
16%U.S.: 36%
Moved here from another county or state in the past year
3%U.S.: 6%

Sources: U.S. Census Bureau, Population Estimates (Vintage 2025); U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates.

Work

Biggest lines of work
Schools, health care and social services (29%); construction (20%); arts, recreation, lodging and restaurants (12%)
Unemployment rate
2%U.S.: 5%
Average commute
31 minutesU.S.: 26 minutes
Work from home
12%U.S.: 15%
Below the poverty line
10%U.S.: 12%

Sources: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates.

Health care

Nearest emergency room: Verde Valley Medical Center, Cottonwood, AZ, about 15 miles away. It's a general hospital. Medicare gives it 4 of 5 stars.

Look up doctors, clinics and the hospitals themselves on Medicare's Care Compare. Ask where the most serious cases are sent.

Sources: Centers for Medicare & Medicaid Services, Hospital General Information.

Schools

1 public school in Lake Montezuma, run by Beaver Creek Elementary District (4481). The nearest public high school is Camp Verde High School, about 5 miles away.

See each school on the federal school search, then check test scores and graduation rates on Arizona's school report card.

Sources: National Center for Education Statistics, Common Core of Data, 2023-24 (via the Urban Institute Education Data Portal); National Center for Education Statistics, IPEDS institution directory, 2024.

Internet

Homes with cable, fiber or DSL internet
69%U.S.: 76%
Homes with any internet subscription
94%U.S.: 91%

Before you buy, look up the address on the FCC's National Broadband Map to see which providers serve it.

Sources: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates.

Weather

January average low
26°F
July average high
101°F
Days 90°F or hotter
135 a year
Nights at or below freezing
98 a year
Rain and melted snow
13.2 inches a year
Snow
0 inches a year
Elevation
3,465 feet

Weather station: Montezuma Castle Nm (3 miles away). Averages for 1991 to 2020.

Sources: NOAA National Centers for Environmental Information, U.S. Climate Normals 1991-2020; U.S. Geological Survey, 3D Elevation Program.

Getting around

Straight-line miles. The road is always longer, and as the book says, an interstate at 70 is a different trip from a farm road at 45. Check the real drive: Verde Valley Medical Center, Prescott Valley, Phoenix.

Yavapai County is in a metro area of fewer than 250,000 people (USDA rural-urban code 3, on a scale where 1 is the biggest metro areas and 9 the most rural counties).

For a day

National Park Service sites within about an hour:

  • Montezuma Castle National Monument2 miles
  • Tuzigoot National Monument15 miles
  • Walnut Canyon National Monument38 miles
  • Sunset Crater Volcano National Monument52 miles

Read about Lake Montezuma's history on Wikipedia.

Know Lake Montezuma?

Tell us what a visitor shouldn't miss, and what living there is really like. Write to Main Street at mainstreet@smalltownguide.com. The best notes from people who know the town will be added here.

Nearby

Straight-line miles.

Small towns

Sources

  1. U.S. Census Bureau, Population Estimates (Vintage 2025)
  2. U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates
  3. Federal Housing Finance Agency, House Price Index for counties (all transactions)
  4. U.S. Bureau of Economic Analysis, Regional Price Parities, 2024
  5. FBI, Crime in the United States, Table 8 (offenses known to law enforcement by city)
  6. Centers for Medicare & Medicaid Services, Hospital General Information
  7. National Center for Education Statistics, Common Core of Data, 2023-24 (via the Urban Institute Education Data Portal)
  8. National Center for Education Statistics, IPEDS institution directory, 2024
  9. NOAA National Centers for Environmental Information, U.S. Climate Normals 1991-2020
  10. U.S. Geological Survey, 3D Elevation Program
  11. National Park Service, National Register of Historic Places listings
  12. National Park Service, park unit boundaries
  13. USDA Economic Research Service, Rural-Urban Continuum Codes, 2023
  14. U.S. Census Bureau, 2025 Gazetteer files and 2020 urban areas

Census survey figures are estimates with a margin of error; we leave out any figure whose margin is too wide to be useful. Data last gathered October 5, 2026. See something wrong? Write to mainstreet@smalltownguide.com.