Rancho Verde Neighborhood Overview
Rancho Verde is a neighborhood in Yuma, Arizona, primarily served by the 85364 ZIP code. It presents a balanced housing market, categorized as a "Main" market tier, with a median home value of $180,400. The neighborhood shows a strong mix of owners and renters, with a homeownership rate of 58.2% and a corresponding renter-occupied rate of 41.8%. The median gross rent is $907 per month, offering a relatively affordable rental option in the area.
The local housing finance activity is robust, 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, indicating the neighborhood's appeal to a variety of buyers, including veterans. Homes here average around 1,200 square feet in size. The median household income in Rancho Verde is $53,877, which aligns with the area's accessible home prices.
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