Villa Hermosa Neighborhood Overview
Villa Hermosa 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 housing units are renter-occupied. The market is active, with recent HMDA data showing 1,009 total mortgage originations, primarily driven by 600 conventional loans, supplemented by 274 FHA and 133 VA loans.
The financial snapshot of the neighborhood shows a median home value of $180,400, with the average home size around 1,200 square feet. For renters, the median gross rent is $907 per month. The median household income for residents is $53,877, which aligns with the accessible price points in the local housing market, categorizing Villa Hermosa as a Main market tier neighborhood.
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