The town gives its name to the municipality of Yaiza, although it is much smaller than the largest settlement in the municipality, Playa Blanca. With recently (2011) tree-lined roads, the town has a town hall and a floodlit public football stadium. Each year, at Christmas, Yaiza displays a large “Belén” (a belén is a nativity scene). The Yaiza Belén includes miniaturised scenes from around the island, with miniatures of Playa Blanca, Arrecife, and Timanfaya. Children and visitors are encouraged to seek the figurine of a young man defecating, as it is considered good luck to spot him. Highway LZ2 connects the town to Playa Blanca in the south and Arrecife to the east.
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