Villa Viejo Townhouses Neighborhood Overview
Villa Viejo Townhouses 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 active, with recent HMDA data showing 1,009 total loan originations, primarily driven by 600 conventional loans, supplemented by 274 FHA and 133 VA loans, suggesting accessibility for a range of buyers including veterans.
The housing market snapshot shows affordability, with a median home value of $180,400 and a median gross rent of $907 per month. This aligns with the neighborhood's median household income of $53,877. The average home size is approximately 1,200 square feet, indicating a stock of moderately sized townhomes. This combination of price, income, and loan activity categorizes Villa Viejo Townhouses within the "Main" market tier, representing a core, established residential area in Yuma.
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