What is the Best Neighborhoods USA ranking for Peterson Park?
Peterson Park is ranked #43 of 68 eligible neighborhoods in Tempe; #501 of 746 eligible neighborhoods in AZ; and #9,180 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Peterson Park
Tempe, AZ | Maricopa County
Scored premium profile
Best Neighborhoods USA Index
45.6
Stability and Strength
42.2
Value Opportunity
51.6
Momentum
42.7
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 | #9,180 of 14,967 |
| State rank | #501 of 746 |
| City rank | #43 of 68 |
| County rank | #430 of 546 |
| National percentile | 38.7 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $377,820 |
| Year-over-year home value change | -0.6% |
| Month-over-month home value change | 0.09% |
| Home value to income ratio | 5.22 |
| Median household income | $72,339 |
| Bachelor's degree or higher | 41.0% |
| Civilian unemployment rate | 3.9% |
| Homeownership rate | 19.5% |
| Housing vacancy rate | 5.3% |
| Rent burden 30% or higher | 65.8% |
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 Peterson Park
Is Peterson Park one of the best neighborhoods in Tempe?
Peterson Park has a Best Neighborhoods USA Index of 45.6 and a city ranking of #43 of 68 eligible neighborhoods in Tempe.
How much are homes worth in Peterson Park?
The current Zillow Home Value Index for Peterson Park is approximately $377,820.
Are home values rising or falling in Peterson Park?
Zillow neighborhood values changed -0.6% year over year and 0.09% month over month.
What is the Neighborhood Momentum Score for Peterson Park?
Peterson Park has a Neighborhood Momentum Score of 42.7. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Peterson Park?
The NDS-derived neighborhood median household income is approximately $72,339.
How affordable is Peterson Park relative to household income?
The current Zillow home-value-to-household-income ratio is 5.22. Price-to-income affordability is a major Value Opportunity input.
Is Peterson Park primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 19.5%.
What is the unemployment rate in Peterson Park?
The NDS-derived civilian unemployment rate is approximately 3.9%.
How educated are residents of Peterson Park?
Approximately 41.0% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Peterson Park face high rent burden?
Approximately 65.8% 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 Peterson Park?
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 applications1
Estimated originations1
Home-purchase applications1
Origination rate61.9%
Home-purchase share39.0%
Average application loan$252,552
Total application loan amount$358,907
National application rank#14,699 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -17.9% YoY; originations 10.7% 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.