Sundance Village Neighborhood Overview
Sundance Village 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.
The neighborhood's housing activity is robust, with 1,009 total mortgage originations recorded. This lending activity is dominated by conventional loans (600 originations), supported by a notable number of FHA loans (274) and VA loans (133), reflecting a diverse range of buyers, including veterans and first-time homebuyers. The average home size of 1,200 square feet suggests a stock of moderately sized, practical residences. With a median household income of $53,877, the area aligns with the Main market tier, representing a core, established community within the Yuma area.
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