Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 97,908, 33,635 total housing units (homes and apartments), and a median house value of $163,751, Yuma real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Yuma, accounting for 54.12% of the city's housing units. Other types of housing that are prevalent in Yuma include mobile homes or trailers ( 19.11%), large apartment complexes or high rise apartments ( 14.11%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.78%).
The most prevalent building size and type in Yuma are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.90% owning and 42.10% renting.
There is a lot of housing in Yuma built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Yuma built between 2000 and later ( 27.08%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.99%). There's also some housing in Yuma built before 1939 ( 2.27%).
Vacant housing appears to be an issue in Yuma. Fully 17.37% of the housing stock is classified as vacant. Left unchecked, vacant Yuma homes and apartments can be a drag on the real estate market, holding Yuma real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Yuma's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 1.22% during the period.
Appreciation rates are so strong in Yuma that despite a nationwide downturn in the housing market, Yuma real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Yuma appreciation rates continue to be some of the highest in America, at 9.38%, which is higher than appreciation rates in 96.99% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Yuma. Yuma appreciation rates in the latest quarter were at 3.11%, which equates to an annual appreciation rate of 13.05%.
Importantly, this makes Yuma one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Arizona, our data show that Yuma's latest annual appreciation rate is higher than 60% of the other cities and towns in Arizona.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Yuma differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Yuma - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Yuma real estate investment or home purchase decisions.
|$945,001 - $1,260,000||0.3|
|$631,001 - $945,000||1.1|
|$504,001 - $631,000||0.8|
|$378,001 - $504,000||4.2|
|$252,001 - $378,000||14.6|
|$126,001 - $252,000||42.7|
|$63,001 - $126,000||23.1|
|$0 - $63,000||12.8|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
2000 Q1 - 2019 Q3
|* 10 is highest|
|AGE OF Yuma HOMES|
|2000 or Newer||27.1|
|1970 - 1999||50.7|
|1940 - 1969||20.0|
|1939 or Older||2.3|
|TYPE OF Yuma HOMES|
|Small Apt. Buildings||6.8|
|SIZE OF Yuma HOMES|
|5 or more bedrooms||1.74|