What is the Best Neighborhoods USA ranking for Alegre Community?
Alegre Community is ranked #68 of 68 eligible neighborhoods in Tempe; #713 of 746 eligible neighborhoods in AZ; and #14,181 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Alegre Community
Tempe, AZ | Maricopa County
Scored premium profile
Best Neighborhoods USA Index
25.2
Stability and Strength
29.9
Value Opportunity
32.0
Momentum
8.3
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Tempe, AZ |
| County | Maricopa County |
| National rank | #14,181 of 14,967 |
| State rank | #713 of 746 |
| City rank | #68 of 68 |
| County rank | #541 of 546 |
| National percentile | 5.3 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $312,676 |
| Year-over-year home value change | -5.2% |
| Month-over-month home value change | -0.41% |
| Home value to income ratio | 6.42 |
| Median household income | $48,685 |
| Bachelor's degree or higher | 33.5% |
| Civilian unemployment rate | 6.4% |
| Homeownership rate | 20.7% |
| Housing vacancy rate | 13.6% |
| Rent burden 30% or higher | 44.6% |
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 Alegre Community
Is Alegre Community one of the best neighborhoods in Tempe?
Alegre Community has a Best Neighborhoods USA Index of 25.2 and a city ranking of #68 of 68 eligible neighborhoods in Tempe.
How much are homes worth in Alegre Community?
The current Zillow Home Value Index for Alegre Community is approximately $312,676.
Are home values rising or falling in Alegre Community?
Zillow neighborhood values changed -5.2% year over year and -0.41% month over month.
What is the Neighborhood Momentum Score for Alegre Community?
Alegre Community has a Neighborhood Momentum Score of 8.3. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Alegre Community?
The NDS-derived neighborhood median household income is approximately $48,685.
How affordable is Alegre Community relative to household income?
The current Zillow home-value-to-household-income ratio is 6.42. Price-to-income affordability is a major Value Opportunity input.
Is Alegre Community primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 20.7%.
What is the unemployment rate in Alegre Community?
The NDS-derived civilian unemployment rate is approximately 6.4%.
How educated are residents of Alegre Community?
Approximately 33.5% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Alegre Community face high rent burden?
Approximately 44.6% 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 Alegre Community?
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 applications43
Estimated originations26
Home-purchase applications28
Origination rate60.0%
Home-purchase share65.5%
Average application loan$369,538
Total application loan amount$15,996,279
National application rank#7,819 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 13.9% YoY; originations 3.9% 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.