La Mesa Park Neighborhood Overview
La Mesa Park is a neighborhood in Yuma, Arizona, primarily within the 85364 ZIP code. It presents a balanced housing market with a homeownership rate of 58.2%, indicating a community where a majority of residents own their homes, while a significant 41.8% of units are renter-occupied. The market is accessible, with a median home value of $180,400 and a median gross rent of $907 per month, offering options for both buyers and renters. Recent mortgage activity shows robust lending, with 1,009 total loan originations in the latest HMDA data, dominated by 600 conventional loans, supplemented by 274 FHA and 133 VA loans, catering to a diverse range of buyers.
The neighborhood's housing stock, with an average home size around 1,200 square feet, aligns with its Main market tier, representing a core, established residential area. The median household income of $53,877 provides context for the local purchasing power and affordability. This combination of steady home values, active lending, and a mix of ownership creates a stable residential environment within the broader Yuma community.
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