Tierra Mesa Estates Neighborhood Overview
Tierra Mesa Estates is a neighborhood in Yuma, Arizona, primarily within the 85364 ZIP code. It presents a balanced mix of homeowners and renters, with a homeownership rate of 58.2% and a renter-occupied rate of 41.8%. The housing market here is accessible, with a median home value of $180,400 and an average home size of approximately 1,200 square feet. This affordability is supported by a median household income of $53,877, creating a stable financial environment for residents.
The neighborhood's mortgage activity indicates a robust and traditional market. In a recent period, there were 1,009 total loan originations, with conventional loans making up the majority at 600. Government-backed loans also play a significant role, with 274 FHA loans and 133 VA loans, suggesting the area is attractive to first-time homebuyers and veterans. The median gross rent is $907 per month, providing a relatively affordable rental option for those not yet ready to buy.
Tierra Mesa Estates is characterized as a "Main" market tier neighborhood, indicating its established, core residential nature within the Yuma area. The combination of attainable home prices, steady income levels, and active real estate financing points to a practical and in-demand community for a diverse range of residents seeking value in Arizona.
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