Kofa Acres Neighborhood Overview
Kofa Acres is a neighborhood in Yuma, Arizona, primarily served by ZIP code 85364. The housing market here is positioned in the Main market tier, offering a relatively affordable entry point into homeownership. The median home value is $180,400, with the typical home averaging 1,200 square feet. This affordability is reflected in the mortgage activity, where 1,009 total loan originations were recorded, with a significant portion being conventional loans (600). Government-backed loans also play a notable role, with 274 FHA loans and 133 VA loans, indicating the neighborhood's appeal to first-time buyers and veterans.
The neighborhood exhibits a mix of owners and renters, with a homeownership rate of 58.2% and a renter-occupied rate of 41.8%. For those renting, the median gross rent is $907 per month. The median household income in Kofa Acres is $53,877, which aligns with the local housing costs. This balance between income, home values, and rental rates helps define the practical, working-character of this Yuma community.
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