Fair Acres Neighborhood Overview
Fair Acres is a neighborhood in Yuma, Arizona, primarily served by ZIP code 85364. It presents as a Main market tier community with a balanced mix of homeowners and renters. The homeownership rate here is 58.2%, indicating a majority of residents own their homes, while the renter-occupied rate is 41.8%.
The housing market in Fair Acres is characterized by affordability. The median home value is $180,400, with homes averaging around 1,200 square feet. This accessible pricing is reflected in recent mortgage activity, with 1,009 total loan originations. The majority were Conventional loans (600), followed by FHA loans (274) and VA loans (133), suggesting a market that serves a variety of buyers, including veterans and first-time purchasers. The median gross rent is $907 per month.
The neighborhood's median household income is $53,877, which aligns with the area's modest home values. This combination of income and housing costs suggests Fair Acres is a practical, value-oriented community within the Yuma area, offering homeownership opportunities and rental options at below-state-average price points.
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