What is the Best Neighborhoods USA ranking for Park Terrace?
Park Terrace is ranked #35 of 37 eligible neighborhoods in Carrollton; #847 of 1,241 eligible neighborhoods in TX; and #10,412 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Park Terrace
Carrollton, TX | Dallas County
Scored premium profile
Best Neighborhoods USA Index
42.0
Stability and Strength
46.3
Value Opportunity
57.1
Momentum
13.7
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Carrollton, TX |
| County | Dallas County |
| National rank | #10,412 of 14,967 |
| State rank | #847 of 1,241 |
| City rank | #35 of 37 |
| County rank | #120 of 152 |
| National percentile | 30.4 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $334,880 |
| Year-over-year home value change | -3.3% |
| Month-over-month home value change | -0.42% |
| Home value to income ratio | 3.64 |
| Median household income | $91,934 |
| Bachelor's degree or higher | 17.4% |
| Civilian unemployment rate | 6.0% |
| Homeownership rate | 57.6% |
| Housing vacancy rate | 6.1% |
| Rent burden 30% or higher | 42.6% |
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 Park Terrace
Is Park Terrace one of the best neighborhoods in Carrollton?
Park Terrace has a Best Neighborhoods USA Index of 42.0 and a city ranking of #35 of 37 eligible neighborhoods in Carrollton.
How much are homes worth in Park Terrace?
The current Zillow Home Value Index for Park Terrace is approximately $334,880.
Are home values rising or falling in Park Terrace?
Zillow neighborhood values changed -3.3% year over year and -0.42% month over month.
What is the Neighborhood Momentum Score for Park Terrace?
Park Terrace has a Neighborhood Momentum Score of 13.7. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Park Terrace?
The NDS-derived neighborhood median household income is approximately $91,934.
How affordable is Park Terrace relative to household income?
The current Zillow home-value-to-household-income ratio is 3.64. Price-to-income affordability is a major Value Opportunity input.
Is Park Terrace primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 57.6%.
What is the unemployment rate in Park Terrace?
The NDS-derived civilian unemployment rate is approximately 6.0%.
How educated are residents of Park Terrace?
Approximately 17.4% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Park Terrace face high rent burden?
Approximately 42.6% 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 Park Terrace?
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 originations3
Home-purchase applications3
Origination rate58.9%
Home-purchase share56.4%
Average application loan$255,180
Total application loan amount$1,133,720
National application rank#13,911 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -4.8% YoY; originations 43.8% 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.
Texas Current Housing Market
Current housing market in Park Terrace
A current-market snapshot based on active sale listings observed in the certified National Data System Texas housing refresh.
2
Active listings observed
$361,150
Median asking price
$221.88
Median asking price / sq. ft.
115.5
Median days on market
1,631 sq. ft.
Median home size
Observed asking-price range: $357,300 to $365,000
Newest listing observed: 2026-08-03 19:00:00-05:00
How this current-market geography is determined
Coverage basis: Exact Zillow neighborhood polygon matches.
2 exact polygon matches. Exact Zillow polygon membership and supplemental Census Block Group association remain separate in the governed data. Supplemental associations are not represented as exact Zillow polygon membership.
Current listing observations are separate from BestNeighborhoodsUSA rankings and do not change neighborhood scores, ranks, historical Zillow trends, Census measures, or HMDA mortgage intelligence.