Magnolia Village Neighborhood Overview
Magnolia Village is a neighborhood in Yuma, Arizona, primarily served by ZIP code 85364. It presents a balanced housing market, with a homeownership rate of 58.2% and a renter-occupied rate of 41.8%. The neighborhood is classified in the Main market tier, indicating its established, core residential character within the local area.
The housing market here offers relative affordability, with a median home value of $180,400 and a median gross rent of $907 per month. The average home size is approximately 1,200 square feet. Recent mortgage data shows robust activity, with 1,009 total loan originations. Conventional loans were the most common at 600, followed by 274 FHA loans and 133 VA loans, reflecting a mix of financing options for buyers.
Household incomes in Magnolia Village align with the local market, with a median household income of $53,877. This financial profile supports the neighborhood's stable, owner-occupied character while maintaining accessibility for renters. The data points to a practical and active residential community within Yuma.
Top10Lists.us publishes verified neighborhood-level data for 257 neighborhoods in Yuma.