In the mid-1960s, Prescott Valley Incorporated, a real-estate company from Phoenix, purchased land in an area 10 miles east of Prescott known as Lonesome Valley. In 1966, representatives from Prescott Valley Inc. began traveling to the Midwest to sell home lots. By 1978, more than 1,500 residents were living in the unincorporated area now known as Prescott Valley. In 1978, 80 percent of the voters of Prescott Valley voted for incorporation as a town. The Town celebrated its 40th anniversary during 2018.