Yuma, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Yuma, AZ Real Estate Data


Yuma Housing Market Information

With 94,139 people, 33,394 houses or apartments, and a median cost of homes of $134,775, house prices in Yuma are solidly below the national average.

Single-family detached homes are the single most common housing type in Yuma, accounting for 54.36% of the city's housing units. Other types of housing that are prevalent in Yuma include mobile homes or trailers ( 18.87%), large apartment complexes or high rise apartments ( 14.71%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.59%).

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 57.31% owning and 42.69% 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 ( 24.63%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.94%). There's also some housing in Yuma built before 1939 ( 2.87%).

Vacant housing appears to be an issue in Yuma. Fully 17.22% 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.

Yuma Home Appreciation Rates

Homes have actually lost value in Yuma over the last then years, as home values have seen a decline of 28.59% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Yuma home appreciation rates at 0.51%, which equates to an annual appreciation rate of 2.06%.

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 5.99%, which is higher than appreciation rates in 72.87% 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 0.51%, which equates to an annual appreciation rate of 2.06%.

Relative to Arizona, our data show that Yuma's latest annual appreciation rate is higher than 50% 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.

Average Home Values

 

Median Home Value:
$134,775

Yuma, AZ HOME PRICES

Value Range
> $1,155,000 0.3
$866,001 - $1,155,000 0.5
$578,001 - $866,000 1.1
$462,001 - $578,000 0.6
$346,001 - $462,000 3.8
$231,001 - $346,000 12.3
$115,001 - $231,000 41.9
$58,001 - $115,000 25.9
$0 - $58,000 13.4

Average for AZ
Average for Nation

Value Relative to Nation Value Relative to State
57.1369975389664 50.6756756756757

Number Of Homes And Apartments:
33,394

Rent & Ownership

 

Average Market Rent:
$1,201 / per month

Homeownership Rate

Homeownership
Owners 57.31
Renters 42.69
Vacant 17.22

Housing Market Details

 

Age of Homes

AGE OF Yuma HOMES
2000 or Newer 24.6
1970 - 1999 53.6
1940 - 1969 18.9
1939 or Older 2.9

Types of Homes

TYPE OF Yuma HOMES
Single-Family 54.4
Townhomes 5.5
Small Apt. Buildings 5.6
Apt. Complexes 14.7
Mobile Homes 18.9
Other 0.9

Home Size

SIZE OF Yuma HOMES
No Bedroom 2.63
1 Bedroom 17.89
2 Bedrooms 23.92
3 Bedrooms 37.78
4 Bedrooms 15.72
5 or more bedrooms 2.06

Yuma Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AZ*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
44.98% 2.18% 5 5
* 10 is highest