Neighborhood Profile

South Patrick Shores

Satellite Beach, FL | Brevard County
Scored premium profile
Best Neighborhoods USA Index
53.4
National rank: #6,354 of 14,967
Stability and Strength
61.5
Score
Value Opportunity
46.5
Score
Momentum
50.2
Score
Score note: Rankings show denominators so users always see the size of the eligible cohort.
ContextValue
LocationSatellite Beach, FL
CountyBrevard County
National rank#6,354 of 14,967
State rank#328 of 1,145
City rankNot available
County rankNot available
National percentile57.6
National bandMIDDLE_50_PERCENT
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Housing and local fundamentals

Housing and market metricsValue
Current Zillow home value$572,393
Year-over-year home value change0.7%
Month-over-month home value change0.02%
Home value to income ratio7.52
Median household income$76,107
Bachelor's degree or higher50.7%
Civilian unemployment rate0.6%
Homeownership rate88.7%
Housing vacancy rate12.8%
Rent burden 30% or higher62.9%

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 South Patrick Shores

What is the Best Neighborhoods USA ranking for South Patrick Shores?

South Patrick Shores is ranked No published Satellite Beach rank is currently available; #328 of 1,145 eligible neighborhoods in FL; and #6,354 of 14,967 eligible neighborhoods in the United States.

Is South Patrick Shores one of the best neighborhoods in Satellite Beach?

South Patrick Shores has a Best Neighborhoods USA Index of 53.4 and a city ranking of No published Satellite Beach rank is currently available.

How much are homes worth in South Patrick Shores?

The current Zillow Home Value Index for South Patrick Shores is approximately $572,393.

Are home values rising or falling in South Patrick Shores?

Zillow neighborhood values changed 0.7% year over year and 0.02% month over month.

What is the Neighborhood Momentum Score for South Patrick Shores?

South Patrick Shores has a Neighborhood Momentum Score of 50.2. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.

What is the median household income in South Patrick Shores?

The NDS-derived neighborhood median household income is approximately $76,107.

How affordable is South Patrick Shores relative to household income?

The current Zillow home-value-to-household-income ratio is 7.52. Price-to-income affordability is a major Value Opportunity input.

Is South Patrick Shores primarily homeowners or renters?

The NDS-derived homeownership rate is approximately 88.7%.

What is the unemployment rate in South Patrick Shores?

The NDS-derived civilian unemployment rate is approximately 0.6%.

How educated are residents of South Patrick Shores?

Approximately 50.7% of residents age 25 and older are estimated to have a bachelor's degree or higher.

What share of renters in South Patrick Shores face high rent burden?

Approximately 62.9% 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 South Patrick Shores?

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

FULL_OR_NEAR_FULL

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 applications299
Estimated originations156
Home-purchase applications128
Origination rate52.3%
Home-purchase share42.7%
Average application loan$347,922
Total application loan amount$104,045,864
National application rank#1,194 of 14,874 rankable neighborhoods
Geometry coverage99.6%
Recent trend: Applications -5.0% YoY; originations -0.2% 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.