What is the Best Neighborhoods USA ranking for Ocean Park?
Ocean Park is ranked #4 of 9 eligible neighborhoods in Santa Monica; #939 of 1,814 eligible neighborhoods in CA; and #7,959 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Ocean Park
Santa Monica, CA | Los Angeles County
Scored premium profile
Best Neighborhoods USA Index
49.1
Stability and Strength
54.8
Value Opportunity
39.3
Momentum
53.5
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Santa Monica, CA |
| County | Los Angeles County |
| National rank | #7,959 of 14,967 |
| State rank | #939 of 1,814 |
| City rank | #4 of 9 |
| County rank | #157 of 321 |
| National percentile | 46.8 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $1,964,029 |
| Year-over-year home value change | 1.0% |
| Month-over-month home value change | 0.07% |
| Home value to income ratio | 16.78 |
| Median household income | $117,079 |
| Bachelor's degree or higher | 70.5% |
| Civilian unemployment rate | 7.2% |
| Homeownership rate | 21.5% |
| Housing vacancy rate | 9.9% |
| Rent burden 30% or higher | 40.1% |
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 Ocean Park
Is Ocean Park one of the best neighborhoods in Santa Monica?
Ocean Park has a Best Neighborhoods USA Index of 49.1 and a city ranking of #4 of 9 eligible neighborhoods in Santa Monica.
How much are homes worth in Ocean Park?
The current Zillow Home Value Index for Ocean Park is approximately $1,964,029.
Are home values rising or falling in Ocean Park?
Zillow neighborhood values changed 1.0% year over year and 0.07% month over month.
What is the Neighborhood Momentum Score for Ocean Park?
Ocean Park has a Neighborhood Momentum Score of 53.5. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Ocean Park?
The NDS-derived neighborhood median household income is approximately $117,079.
How affordable is Ocean Park relative to household income?
The current Zillow home-value-to-household-income ratio is 16.78. Price-to-income affordability is a major Value Opportunity input.
Is Ocean Park primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 21.5%.
What is the unemployment rate in Ocean Park?
The NDS-derived civilian unemployment rate is approximately 7.2%.
How educated are residents of Ocean Park?
Approximately 70.5% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Ocean Park face high rent burden?
Approximately 40.1% 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 Ocean Park?
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 applications93
Estimated originations52
Home-purchase applications40
Origination rate56.2%
Home-purchase share42.5%
Average application loan$3,059,521
Total application loan amount$284,838,137
National application rank#4,626 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 15.8% YoY; originations 35.8% 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.