Rent, population, and median household income are important factors to consider for a 1031 exchange in Yuma due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan Area
Yuma, Arizona is a part of the Yuma, AZ metropolitan area, and contains 5 zip codes: 85366, 85364, 85365, 85367, and 85369.
Yuma Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Yuma, AZ metropolitan area was $775, which is 11.19% lower than 2014 average rent. This represents a compounded annual growth rate of 2.14%. 2019 vacancy in Yuma, AZ was 3.90%.
The total population of the city of Yuma, AZ has grown 5.21% since 2010. As of 2018, the population was 97,908. The median household income of the Yuma was $47,702, which is -20.88% lower than the national average.
- metropolitan area Yuma, AZ
- avg rent $775
- rent growth 11.19%
- vacancy 3.90%
- median income $47,702
- population (2018) 97,908
- population growth 5.21%
- vs. nat'l avg -20.88%
- zip codes 85364 85365 85366 85367 85369