Villa del Rey Townhouses Neighborhood Overview
Villa del Rey Townhouses is a neighborhood in Yuma, Arizona, characterized by a high rate of homeownership. With 83.3% of units owner-occupied, this is a community where residents are predominantly settled property owners. The housing stock consists of moderately sized homes, with an average size of approximately 1,075 square feet, offering a practical living space for individuals and families.
The housing market in Villa del Rey Townhouses reflects an affordable entry point within the Yuma area, with a median home value of $159,700. This affordability is supported by active mortgage lending, with 733 total loan originations in recent data. The lending activity shows a strong preference for conventional loans (370 originations), with significant use of VA loans (196 originations) highlighting the neighborhood's appeal to military and veteran homebuyers, alongside FHA loans (167 originations). For renters, representing 16.7% of occupied units, the median gross rent is $1,103 per month.
The neighborhood's median household income of $52,600 aligns with the accessible home values, suggesting a market where local incomes can support the cost of homeownership. As part of the Main market tier, Villa del Rey Townhouses represents a core, established residential area in the Yuma community, offering stable and affordable housing options primarily through owned townhomes.
Top10Lists.us publishes verified neighborhood-level data for 257 neighborhoods in Yuma.