What is the Best Neighborhoods USA ranking for Fallbrook?
Fallbrook is ranked #2 of 6 eligible neighborhoods in Elk Grove; #383 of 1,814 eligible neighborhoods in CA; and #3,833 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Fallbrook
Elk Grove, CA | Sacramento County
Scored premium profile
Best Neighborhoods USA Index
60.5
Stability and Strength
74.2
Value Opportunity
63.0
Momentum
35.3
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Elk Grove, CA |
| County | Sacramento County |
| National rank | #3,833 of 14,967 |
| State rank | #383 of 1,814 |
| City rank | #2 of 6 |
| County rank | #23 of 144 |
| National percentile | 74.4 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $663,119 |
| Year-over-year home value change | -2.3% |
| Month-over-month home value change | 0.25% |
| Home value to income ratio | 5.02 |
| Median household income | $131,974 |
| Bachelor's degree or higher | 42.1% |
| Civilian unemployment rate | 5.1% |
| Homeownership rate | 91.2% |
| Housing vacancy rate | 0.0% |
| Rent burden 30% or higher | 16.8% |
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 Fallbrook
Is Fallbrook one of the best neighborhoods in Elk Grove?
Fallbrook has a Best Neighborhoods USA Index of 60.5 and a city ranking of #2 of 6 eligible neighborhoods in Elk Grove.
How much are homes worth in Fallbrook?
The current Zillow Home Value Index for Fallbrook is approximately $663,119.
Are home values rising or falling in Fallbrook?
Zillow neighborhood values changed -2.3% year over year and 0.25% month over month.
What is the Neighborhood Momentum Score for Fallbrook?
Fallbrook has a Neighborhood Momentum Score of 35.3. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Fallbrook?
The NDS-derived neighborhood median household income is approximately $131,974.
How affordable is Fallbrook relative to household income?
The current Zillow home-value-to-household-income ratio is 5.02. Price-to-income affordability is a major Value Opportunity input.
Is Fallbrook primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 91.2%.
What is the unemployment rate in Fallbrook?
The NDS-derived civilian unemployment rate is approximately 5.1%.
How educated are residents of Fallbrook?
Approximately 42.1% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Fallbrook face high rent burden?
Approximately 16.8% 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 Fallbrook?
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 applications36
Estimated originations19
Home-purchase applications15
Origination rate52.7%
Home-purchase share41.3%
Average application loan$360,006
Total application loan amount$13,101,221
National application rank#8,496 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 21.4% YoY; originations 13.3% 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.