What is the Best Neighborhoods USA ranking for Paradise Valley?
Paradise Valley is ranked #3 of 14 eligible neighborhoods in Phoenix; #291 of 746 eligible neighborhoods in AZ; and #5,112 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Paradise Valley
Phoenix, AZ | Maricopa County
Scored premium profile
Best Neighborhoods USA Index
56.8
Stability and Strength
61.0
Value Opportunity
50.9
Momentum
58.4
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Phoenix, AZ |
| County | Maricopa County |
| National rank | #5,112 of 14,967 |
| State rank | #291 of 746 |
| City rank | #3 of 14 |
| County rank | #268 of 546 |
| National percentile | 65.8 |
| National band | MIDDLE_50_PERCENT |
Neighborhood Expert Opportunity
Become the Neighborhood Expert for this market
Inquire about this marketUnsold commercial placement. No local expert is currently assigned.
Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $660,996 |
| Year-over-year home value change | 2.0% |
| Month-over-month home value change | -0.00% |
| Home value to income ratio | 6.45 |
| Median household income | $102,500 |
| Bachelor's degree or higher | 46.4% |
| Civilian unemployment rate | 4.0% |
| Homeownership rate | 66.6% |
| Housing vacancy rate | 7.0% |
| Rent burden 30% or higher | 47.1% |
How to read this profile
- Ranks are always shown with denominators.
- Momentum reflects both year-over-year and month-over-month housing change.
- Stability and Strength and Value Opportunity are governed composite scores.
- Identity composition is descriptive intelligence and is not a scoring component.
Questions and Answers
Questions About Living in Paradise Valley
Is Paradise Valley one of the best neighborhoods in Phoenix?
Paradise Valley has a Best Neighborhoods USA Index of 56.8 and a city ranking of #3 of 14 eligible neighborhoods in Phoenix.
How much are homes worth in Paradise Valley?
The current Zillow Home Value Index for Paradise Valley is approximately $660,996.
Are home values rising or falling in Paradise Valley?
Zillow neighborhood values changed 2.0% year over year and -0.00% month over month.
What is the Neighborhood Momentum Score for Paradise Valley?
Paradise Valley has a Neighborhood Momentum Score of 58.4. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Paradise Valley?
The NDS-derived neighborhood median household income is approximately $102,500.
How affordable is Paradise Valley relative to household income?
The current Zillow home-value-to-household-income ratio is 6.45. Price-to-income affordability is a major Value Opportunity input.
Is Paradise Valley primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 66.6%.
What is the unemployment rate in Paradise Valley?
The NDS-derived civilian unemployment rate is approximately 4.0%.
How educated are residents of Paradise Valley?
Approximately 46.4% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Paradise Valley face high rent burden?
Approximately 47.1% of the applicable renter-household universe is estimated to spend 30% or more of household income on gross rent.
How does Best Neighborhoods USA score Paradise Valley?
The overall index combines 40% Stability and Strength, 35% Value Opportunity, and 25% Momentum. Race, ethnicity, and identity composition are not scoring components.
Governed ranking context
How this neighborhood ranks
HMDA Mortgage Intelligence
Neighborhood Mortgage Market
Modeled neighborhood-level mortgage activity allocated from governed HMDA tract data using Zillow neighborhood geometry. These neighborhood values are nonadditive and do not enter the Best Neighborhoods USA Index.
Activity year2024
Estimated applications6,620
Estimated originations3,973
Home-purchase applications2,764
Origination rate60.0%
Home-purchase share41.8%
Average application loan$425,595
Total application loan amount$2,817,473,057
National application rank#2 of 14,874 rankable neighborhoods
Geometry coverage99.3%
Recent trend: Applications 10.6% YoY; originations 11.4% YoY
Mortgage methodology
HMDA is natively reported at tract and other lender-reporting geographies, not Zillow neighborhood or ZIP geography. This module uses the certified NDS HMDA-to-Zillow tract-vintage crosswalk and area-weighted allocation. Rankings require governed geometry coverage. Applicant demographics are excluded. Neighborhood values may overlap and must not be summed to reconstruct ZIP or national totals.