Prescott Valley, Arizona is a thriving town just east of historic Prescott. Prescott Valley was the seventh fastest-growing place among all cities and towns in Arizona between 1990 and 2000 and currently has approximately 42,000 people. Located at an elevation of 5,000 feet, many retirees live in Prescott Valley due to relatively inexpensive housing and the mild climate. Prescott Valley has a large retail center, an indoor event center, and Yavapai Regional Medical Center Hospital. The mild climate, convenient location of 85 miles north of Phoenix, and surrounding lakes, fishing, and hiking trails make Prescott Valley an attractive location for families and retirees.