South Park Industrial District Neighborhood Overview
Located in Yuma, Arizona, the South Park Industrial District is a neighborhood characterized by its practical, working-market profile. The housing market here offers accessible entry points, with a median home value of $180,400 and a median gross rent of $907 per month. Homeownership is the predominant living arrangement, with a rate of 58.2%, though a significant portion of households (41.8%) are renter-occupied. The average home size is approximately 1,200 square feet, indicating a focus on functional living spaces.
The neighborhood's financial activity reflects its Main market tier, with recent home loan data showing robust lending. In a recent period, there were 1,009 total loan originations, with conventional loans (600) being the most common, followed by FHA loans (274) and VA loans (133). This mix suggests a market serving a range of buyers, including veterans and first-time purchasers. The median household income of $53,877 aligns with the area's affordable housing costs, supporting a stable local economy.
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