What is the Best Neighborhoods USA ranking for Parkway?
Parkway is ranked #86 of 101 eligible neighborhoods in Sacramento; #1,630 of 1,814 eligible neighborhoods in CA; and #13,222 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Parkway
Sacramento, CA | Sacramento County
Scored premium profile
Best Neighborhoods USA Index
31.5
Stability and Strength
29.7
Value Opportunity
31.9
Momentum
33.8
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Sacramento, CA |
| County | Sacramento County |
| National rank | #13,222 of 14,967 |
| State rank | #1,630 of 1,814 |
| City rank | #86 of 101 |
| County rank | #127 of 144 |
| National percentile | 11.7 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $398,168 |
| Year-over-year home value change | -1.0% |
| Month-over-month home value change | -0.11% |
| Home value to income ratio | 6.72 |
| Median household income | $59,278 |
| Bachelor's degree or higher | 13.3% |
| Civilian unemployment rate | 8.4% |
| Homeownership rate | 46.4% |
| Housing vacancy rate | 3.5% |
| Rent burden 30% or higher | 59.2% |
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 Parkway
Is Parkway one of the best neighborhoods in Sacramento?
Parkway has a Best Neighborhoods USA Index of 31.5 and a city ranking of #86 of 101 eligible neighborhoods in Sacramento.
How much are homes worth in Parkway?
The current Zillow Home Value Index for Parkway is approximately $398,168.
Are home values rising or falling in Parkway?
Zillow neighborhood values changed -1.0% year over year and -0.11% month over month.
What is the Neighborhood Momentum Score for Parkway?
Parkway has a Neighborhood Momentum Score of 33.8. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Parkway?
The NDS-derived neighborhood median household income is approximately $59,278.
How affordable is Parkway relative to household income?
The current Zillow home-value-to-household-income ratio is 6.72. Price-to-income affordability is a major Value Opportunity input.
Is Parkway primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 46.4%.
What is the unemployment rate in Parkway?
The NDS-derived civilian unemployment rate is approximately 8.4%.
How educated are residents of Parkway?
Approximately 13.3% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Parkway face high rent burden?
Approximately 59.2% 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 Parkway?
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 applications1,146
Estimated originations583
Home-purchase applications578
Origination rate50.8%
Home-purchase share50.5%
Average application loan$270,626
Total application loan amount$310,207,528
National application rank#140 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 6.6% YoY; originations 18.1% 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.