Villa Chaparral Neighborhood Overview
Villa Chaparral is a neighborhood in Yuma, Arizona, primarily within the 85367 ZIP code. The housing market here is characterized by a high degree of homeownership, with an 83.3% homeownership rate and a corresponding renter-occupied rate of 16.7%. The median home value is $159,700, reflecting an affordable entry point into the market, with homes averaging 1,075 square feet in size. For renters, the median gross rent is $1,103 per month.
The neighborhood's financial activity is robust, with 733 total home loan originations recorded. The lending profile shows a strong preference for conventional loans, which accounted for 370 originations, while government-backed programs also played a significant role with 196 VA loans and 167 FHA loans. This mix indicates a market that serves a variety of buyers, including military veterans and first-time homebuyers. The median household income in Villa Chaparral is $52,600, aligning with the area's affordable housing costs.
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