La Buena Vida Neighborhood Overview
La Buena Vida is a neighborhood in the city of Davis, located within the 95618 ZIP code. The market is classified as Prime, reflecting its established and desirable character within this university city.
The housing market in La Buena Vida shows a mix of ownership and rental opportunities. The median home value is $803,600, with an average home size of approximately 1,350 square feet. Homeownership is slightly more common, with a rate of 53.8%, while 46.2% of units are renter-occupied. For renters, the median gross rent is $2,170 per month. Recent mortgage data shows strong conventional lending activity, with 281 conventional originations out of a total of 288, indicating a market primarily serving buyers with strong credit profiles.
The neighborhood's median household income of $105,625 supports its prime market tier and the substantial home values. This income level aligns with the costs of homeownership and renting in the area, suggesting a stable, financially secure community. The very low number of government-backed loans, with only 3 VA and 4 FHA originations, further underscores the conventional and established nature of the local real estate finance market.
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