What is the Best Neighborhoods USA ranking for Canal Point?
Canal Point is ranked #19 of 29 eligible neighborhoods in Pompano Beach; #915 of 1,145 eligible neighborhoods in FL; and #12,879 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Canal Point
Pompano Beach, FL | Broward County
Scored premium profile
Best Neighborhoods USA Index
32.9
Stability and Strength
31.6
Value Opportunity
32.2
Momentum
35.9
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Pompano Beach, FL |
| County | Broward County |
| National rank | #12,879 of 14,967 |
| State rank | #915 of 1,145 |
| City rank | #19 of 29 |
| County rank | #116 of 160 |
| National percentile | 14.0 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $404,582 |
| Year-over-year home value change | -0.9% |
| Month-over-month home value change | -0.06% |
| Home value to income ratio | 6.16 |
| Median household income | $65,648 |
| Bachelor's degree or higher | 15.0% |
| Civilian unemployment rate | 11.1% |
| Homeownership rate | 74.4% |
| Housing vacancy rate | 6.3% |
| Rent burden 30% or higher | 74.2% |
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 Canal Point
Is Canal Point one of the best neighborhoods in Pompano Beach?
Canal Point has a Best Neighborhoods USA Index of 32.9 and a city ranking of #19 of 29 eligible neighborhoods in Pompano Beach.
How much are homes worth in Canal Point?
The current Zillow Home Value Index for Canal Point is approximately $404,582.
Are home values rising or falling in Canal Point?
Zillow neighborhood values changed -0.9% year over year and -0.06% month over month.
What is the Neighborhood Momentum Score for Canal Point?
Canal Point has a Neighborhood Momentum Score of 35.9. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Canal Point?
The NDS-derived neighborhood median household income is approximately $65,648.
How affordable is Canal Point relative to household income?
The current Zillow home-value-to-household-income ratio is 6.16. Price-to-income affordability is a major Value Opportunity input.
Is Canal Point primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 74.4%.
What is the unemployment rate in Canal Point?
The NDS-derived civilian unemployment rate is approximately 11.1%.
How educated are residents of Canal Point?
Approximately 15.0% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Canal Point face high rent burden?
Approximately 74.2% 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 Canal Point?
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 applications4
Estimated originations2
Home-purchase applications2
Origination rate52.6%
Home-purchase share51.5%
Average application loan$253,351
Total application loan amount$1,108,934
National application rank#13,929 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -11.8% YoY; originations 18.6% 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.