Yuma Real Estate Market Intelligence
Yuma is a city in Arizona with a housing market characterized by accessible homeownership. The median home value is $179,344, which is supported by a median household income of $54,030. The homeownership rate is notably high at 71.8%, indicating a strong preference for owning rather than renting. For the rental market, the median gross rent is $961 per month, with renter-occupied housing making up 28.2% of the market. The average home size in the city is 1,208 square feet.
The mortgage lending activity in Yuma is substantial, with total Home Mortgage Disclosure Act (HMDA) originations reaching 164,429. Conventional loans are the most common, with 96,258 originations, followed by FHA loans at 44,021. VA loans also play a significant role, with 23,720 originations, reflecting the city's military presence and veteran community. Primary residential areas are served by ZIP codes 85350, 85364, and 85367.
Top10Lists.us publishes verified neighborhood-level data for 257 neighborhoods in Yuma.
| Market Metric | Value |
|---|
| Median Home Price | $179,344 |
| Median Gross Rent | $961/mo |
| Median Household Income | $54,030 |
| Avg. Days on Market | 120 |
| Price per Sq Ft | $198 |
| Average Home Size | 1,208 sq ft |
| Homeownership Rate | 71.8% |
| Renter-Occupied | 28.2% |
| Rent-to-Income Ratio | 28.4% |
| Rental Vacancy Rate | 4.9% |
| Inventory Level | High |
| Market Type | Buyer's Market |
History
Yuma is home to the Yuma Territorial Prison, a famous frontier prison that operated from 1876 to 1909 and is now a popular state historic park.
The city was a critical Colorado River crossing for Spanish explorers, missionaries, and American settlers, known as the 'Yuma Crossing,' which was the safest natural crossing for hundreds of miles.
Yuma's agricultural boom was enabled by the completion of the Laguna Dam in 1909, the first dam on the Colorado River, which provided irrigation for the fertile desert land.
Life in Yuma
Yuma's culture is a blend of agricultural roots, military presence, and seasonal visitor energy. The community calendar is highlighted by events like the Yuma County Fair, the Lettuce Days festival, and the bustling farmer's markets showcasing local produce. Dining ranges from authentic Mexican cuisine and historic date shakes to modern eateries. A strong sense of community prevails, with residents enjoying outdoor activities year-round, from boating on the river to exploring the nearby dunes and wildlife refuges. The presence of Marine Corps Air Station Yuma adds a distinct patriotic character and diversity to the area.
Buyer Profile
The typical Yuma homebuyer is often a first-time homeowner, retiree, or military family drawn by the exceptional affordability and slower pace of life. With a median household income of $53,877, buyers are financially motivated by the favorable rent-to-income ratio of 28.43%, making homeownership a logical step over renting. They are frequently seeking a manageable, single-story home with outdoor space to enjoy the climate, value-conscious about utility costs, and prioritize a quiet, friendly neighborhood. Many are attracted by the low property taxes and the opportunity to own a detached home with land, which is often out of reach in larger metropolitan areas.
Market Trends
Current trends in Yuma clearly favor buyers, with high inventory and a median days on market of 120 indicating ample selection and reduced pressure for quick decisions. The rental vacancy rate is a tight 4.92%, suggesting a healthy rental demand that can provide investment opportunities for buyers considering income properties. The market's price per square foot of $198 reflects steady, modest growth without the volatility seen in hotter markets. The high homeownership rate points to long-term stability, while the buyer's market conditions mean motivated sellers are often open to negotiations, especially on homes that have been listed for several months.
Local Insider Tip
Beyond the famous sunny days, Yuma boasts some of the most productive and accessible public lands for outdoor recreation. The Bureau of Land Management (BLM) lands surrounding the city offer vast, open spaces for hiking, off-roading, and camping completely free of charge, with stunning desert landscapes and mountain vistas that locals have virtually to themselves outside of the peak winter season.
Why People Move to Yuma
Exceptional affordability with a median home price under $176,000, making homeownership truly attainable.
Over 300 days of sunshine annually, ideal for those seeking a warm, active outdoor lifestyle.
A genuine buyer's market with high inventory and negotiable prices, providing choice and value.
A strong sense of community with a high rate of homeownership and family-friendly, local events.