Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Yuma County | Arizona Avg | US Average |
|---|---|---|---|
| Median Home Price | $142,644 | $340,223 | $242,182 |
| Price Trend (Annual %) | 9.8% | 12.4% | 8.2% |
| Median Gross Rent | $982 | $1,430 | $1,342 |
| Rent Trend (Annual %) | 2.5% | 6.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Yuma County is about 58% lower than in Arizona. Rent is about 31% lower than the Arizona average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Yuma County, up about 9.8% and 2.5% a year respectively. Home prices are changing faster.
Median rent in Yuma County rose about 17.1% between 2015 and 2023, from $839 to $982. Over the same span, rent in Arizona rose about 56.7%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Yuma County.
Buying the median-priced home in Yuma County costs roughly 12.1 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Yuma County. The price-to-rent ratio in Arizona is about 19.8.
| Metric | Yuma County | Arizona Avg | US Average |
|---|---|---|---|
| Median Home Price | $142,644 | $340,223 | $242,182 |
| Median Household Income | $60,504 | $77,100 | $78,145 |
| Price-to-Income Ratio | 2.4 | 4.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Yuma County rose about 90.1%, while median household income rose about 55.5% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Yuma County | Arizona Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.3% | 59.6% | 58.2% |
| Rental Rate | 24.5% | 29.4% | 31.3% |
| Vacancy Rate | 18.1% | 11.0% | 10.6% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Yuma County has a homeownership rate of 57.3%, lower than the Arizona average of 59.6%. Its housing vacancy rate is 18.1%, compared with 11.0% in Arizona.
Housing Stock
| Metric | Yuma County | Arizona Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.60 people | 2.54 people | 2.54 people |
| Median Structure Built Year | 1993 | 1990 | 1978 |
| Median Number of Rooms | 4.7 | 5.3 | 5.5 |
The typical housing unit in Yuma County was built around 1993. On average, 2.6 people live in a home with about 4.7 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Yuma County, Arizona.
What is the median home price in Yuma County, Arizona?
The median home price in Yuma County, Arizona is $142,644, lower than the Arizona average of $340,223.
What is the average home price in Yuma County, Arizona?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Yuma County, Arizona?
The median gross rent in Yuma County, Arizona is $982 per month, lower than the Arizona average of $1,430.
What was the median gross rent in Yuma County in 2020?
In 2020, the median gross rent in Yuma County, Arizona was $851 per month.
What is the price-to-rent ratio in Yuma County, Arizona?
The price-to-rent ratio in Yuma County, Arizona is about 12.1, meaning it would take roughly 12.1 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Yuma County.
Are home prices or rent rising faster in Yuma County, Arizona?
Both home prices and rent are rising in Yuma County, up about 9.8% and 2.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Yuma County, Arizona?
57.3% of households in Yuma County, Arizona own their home, lower than the Arizona average of 59.6%.
What is the vacancy rate in Yuma County, Arizona?
The housing vacancy rate in Yuma County, Arizona is 18.1%, higher than the Arizona average of 11.0%.