Basera Neighborhood Overview
Basera is a neighborhood in Yuma, Arizona, primarily within the 85364 ZIP code. It presents a housing market characterized by affordability, with a median home value of $180,400 and a median gross rent of $907 per month. The neighborhood has a solid homeownership base, with a rate of 58.2%, while 41.8% of units are renter-occupied. The median household income in Basera is $53,877, aligning with the area's accessible market tier.
The local real estate activity is active, with recent data showing 1,009 total home loan originations. Conventional loans were the most common financing method with 600 originations, followed by 274 FHA loans and 133 VA loans, indicating a market that serves a mix of buyers, including those utilizing government-backed programs. The average home size is approximately 1,200 square feet, contributing to the neighborhood's affordable profile within the Yuma area.
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