What is the Best Neighborhoods USA ranking for Commonwealth?
Commonwealth is ranked #66 of 188 eligible neighborhoods in Jacksonville; #379 of 1,145 eligible neighborhoods in FL; and #7,192 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Commonwealth
Jacksonville, FL | Duval County
Scored premium profile
Best Neighborhoods USA Index
51.2
Stability and Strength
32.9
Value Opportunity
54.2
Momentum
76.4
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Jacksonville, FL |
| County | Duval County |
| National rank | #7,192 of 14,967 |
| State rank | #379 of 1,145 |
| City rank | #66 of 188 |
| County rank | #66 of 188 |
| National percentile | 52.0 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $168,032 |
| Year-over-year home value change | 3.2% |
| Month-over-month home value change | 0.41% |
| Home value to income ratio | 2.81 |
| Median household income | $59,853 |
| Bachelor's degree or higher | 11.7% |
| Civilian unemployment rate | 10.2% |
| Homeownership rate | 74.3% |
| Housing vacancy rate | 2.3% |
| Rent burden 30% or higher | 68.4% |
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 Commonwealth
Is Commonwealth one of the best neighborhoods in Jacksonville?
Commonwealth has a Best Neighborhoods USA Index of 51.2 and a city ranking of #66 of 188 eligible neighborhoods in Jacksonville.
How much are homes worth in Commonwealth?
The current Zillow Home Value Index for Commonwealth is approximately $168,032.
Are home values rising or falling in Commonwealth?
Zillow neighborhood values changed 3.2% year over year and 0.41% month over month.
What is the Neighborhood Momentum Score for Commonwealth?
Commonwealth has a Neighborhood Momentum Score of 76.4. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Commonwealth?
The NDS-derived neighborhood median household income is approximately $59,853.
How affordable is Commonwealth relative to household income?
The current Zillow home-value-to-household-income ratio is 2.81. Price-to-income affordability is a major Value Opportunity input.
Is Commonwealth primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 74.3%.
What is the unemployment rate in Commonwealth?
The NDS-derived civilian unemployment rate is approximately 10.2%.
How educated are residents of Commonwealth?
Approximately 11.7% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Commonwealth face high rent burden?
Approximately 68.4% 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 Commonwealth?
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 applications85
Estimated originations44
Home-purchase applications54
Origination rate52.1%
Home-purchase share63.5%
Average application loan$148,018
Total application loan amount$12,569,337
National application rank#4,980 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 17.2% YoY; originations 48.2% 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.