Crane Annex Neighborhood Overview
Crane Annex is a neighborhood in Yuma, Arizona, primarily within the 85364 ZIP code. It presents a balanced housing market with a homeownership rate of 58.2%, indicating a slight majority of owner-occupied homes, while a 41.8% renter-occupied rate shows significant rental activity. The market is supported by steady lending activity, with 1,009 total home loan originations in recent data, dominated by conventional loans (600) but also showing notable use of FHA (274) and VA (133) programs, catering to a mix of buyers.
The neighborhood offers affordable entry into the Yuma housing market, with a median home value of $180,400 and a median gross rent of $907 per month. The typical home size is around 1,200 square feet. Household incomes here are closely aligned with home values, as the median household income is $53,877. This balance between income, home prices, and rent defines Crane Annex as a Main-tier market, providing accessible housing options for a range of residents from first-time buyers to military veterans utilizing VA loans.
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