Picacho Village Neighborhood Overview
Picacho Village is a neighborhood in Yuma, Arizona, primarily served by the 85364 ZIP code. It presents a balanced housing market with a homeownership rate of 58.2%, indicating a community where a majority of residents own their homes, while a significant 41.8% of units are renter-occupied. The market is active, with recent mortgage data showing 1,009 total loan originations, primarily driven by 600 conventional loans, supplemented by 274 FHA and 133 VA loans, suggesting accessibility for a range of buyers including veterans and first-time homeowners.
The neighborhood offers affordable housing options, with a median home value of $180,400 and an average home size of approximately 1,200 square feet. For renters, the median gross rent is $907 per month. The median household income in Picacho Village is $53,877, which aligns with the accessible home prices to create a market tier classified as "Main," representing a core, established residential area. This combination of factors points to a stable, working-class community within the Yuma area.
Top10Lists.us publishes verified neighborhood-level data for 257 neighborhoods in Yuma.