What is the Best Neighborhoods USA ranking for New Town?
New Town is ranked #7 of 12 eligible neighborhoods in Key West; #842 of 1,145 eligible neighborhoods in FL; and #12,162 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
New Town
Key West, FL | Monroe County
Scored premium profile
Best Neighborhoods USA Index
35.8
Stability and Strength
49.9
Value Opportunity
36.3
Momentum
12.6
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Key West, FL |
| County | Monroe County |
| National rank | #12,162 of 14,967 |
| State rank | #842 of 1,145 |
| City rank | #7 of 12 |
| County rank | #7 of 12 |
| National percentile | 18.7 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $871,274 |
| Year-over-year home value change | -4.5% |
| Month-over-month home value change | -0.24% |
| Home value to income ratio | 11.49 |
| Median household income | $75,857 |
| Bachelor's degree or higher | 32.8% |
| Civilian unemployment rate | 1.6% |
| Homeownership rate | 47.8% |
| Housing vacancy rate | 11.2% |
| Rent burden 30% or higher | 51.6% |
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 New Town
Is New Town one of the best neighborhoods in Key West?
New Town has a Best Neighborhoods USA Index of 35.8 and a city ranking of #7 of 12 eligible neighborhoods in Key West.
How much are homes worth in New Town?
The current Zillow Home Value Index for New Town is approximately $871,274.
Are home values rising or falling in New Town?
Zillow neighborhood values changed -4.5% year over year and -0.24% month over month.
What is the Neighborhood Momentum Score for New Town?
New Town has a Neighborhood Momentum Score of 12.6. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in New Town?
The NDS-derived neighborhood median household income is approximately $75,857.
How affordable is New Town relative to household income?
The current Zillow home-value-to-household-income ratio is 11.49. Price-to-income affordability is a major Value Opportunity input.
Is New Town primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 47.8%.
What is the unemployment rate in New Town?
The NDS-derived civilian unemployment rate is approximately 1.6%.
How educated are residents of New Town?
Approximately 32.8% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in New Town face high rent burden?
Approximately 51.6% 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 New Town?
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 applications69
Estimated originations33
Home-purchase applications33
Origination rate48.0%
Home-purchase share48.1%
Average application loan$508,035
Total application loan amount$35,212,573
National application rank#5,860 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 15.0% YoY; originations 21.9% 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.