Rancho Caballo Neighborhood Overview
Rancho Caballo is a neighborhood in Yuma, Arizona, primarily served by ZIP code 85364. 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% are renters. The market is characterized by affordable entry points, with a median home value of $180,400 and a median gross rent of $907 per month. The average home size is approximately 1,200 square feet, offering practical living spaces for residents.
The local mortgage market is active, with 1,009 total loan originations recorded. Conventional loans were the most common financing method with 600 originations, followed by 274 FHA loans and 133 VA loans, suggesting the neighborhood attracts a mix of buyers, including first-time homeowners and veterans. The median household income in Rancho Caballo is $53,877, which aligns with the accessible housing costs, positioning the area as a Main market tier community within the broader Yuma landscape.
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