What is the Best Neighborhoods USA ranking for Mill Creek?
Mill Creek is ranked #5 of 7 eligible neighborhoods in Kent; #382 of 533 eligible neighborhoods in WA; and #10,325 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Mill Creek
Kent, WA | King County
Scored premium profile
Best Neighborhoods USA Index
42.2
Stability and Strength
51.3
Value Opportunity
49.6
Momentum
17.3
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Kent, WA |
| County | King County |
| National rank | #10,325 of 14,967 |
| State rank | #382 of 533 |
| City rank | #5 of 7 |
| County rank | #224 of 287 |
| National percentile | 31.0 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $553,938 |
| Year-over-year home value change | -2.6% |
| Month-over-month home value change | -0.38% |
| Home value to income ratio | 6.10 |
| Median household income | $90,746 |
| Bachelor's degree or higher | 31.6% |
| Civilian unemployment rate | 0.7% |
| Homeownership rate | 36.2% |
| Housing vacancy rate | 14.1% |
| Rent burden 30% or higher | 51.9% |
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 Mill Creek
Is Mill Creek one of the best neighborhoods in Kent?
Mill Creek has a Best Neighborhoods USA Index of 42.2 and a city ranking of #5 of 7 eligible neighborhoods in Kent.
How much are homes worth in Mill Creek?
The current Zillow Home Value Index for Mill Creek is approximately $553,938.
Are home values rising or falling in Mill Creek?
Zillow neighborhood values changed -2.6% year over year and -0.38% month over month.
What is the Neighborhood Momentum Score for Mill Creek?
Mill Creek has a Neighborhood Momentum Score of 17.3. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Mill Creek?
The NDS-derived neighborhood median household income is approximately $90,746.
How affordable is Mill Creek relative to household income?
The current Zillow home-value-to-household-income ratio is 6.10. Price-to-income affordability is a major Value Opportunity input.
Is Mill Creek primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 36.2%.
What is the unemployment rate in Mill Creek?
The NDS-derived civilian unemployment rate is approximately 0.7%.
How educated are residents of Mill Creek?
Approximately 31.6% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Mill Creek face high rent burden?
Approximately 51.9% 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 Mill Creek?
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 applications20
Estimated originations11
Home-purchase applications9
Origination rate55.8%
Home-purchase share44.8%
Average application loan$357,393
Total application loan amount$7,127,854
National application rank#10,656 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 14.0% YoY; originations 10.2% 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.