What is the Best Neighborhoods USA ranking for Monterey?
Monterey is ranked #138 of 188 eligible neighborhoods in Jacksonville; #796 of 1,145 eligible neighborhoods in FL; and #11,679 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Monterey
Jacksonville, FL | Duval County
Scored premium profile
Best Neighborhoods USA Index
37.7
Stability and Strength
23.7
Value Opportunity
39.0
Momentum
58.4
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 | #11,679 of 14,967 |
| State rank | #796 of 1,145 |
| City rank | #138 of 188 |
| County rank | #138 of 188 |
| National percentile | 22.0 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $253,751 |
| Year-over-year home value change | 1.9% |
| Month-over-month home value change | 0.03% |
| Home value to income ratio | 5.03 |
| Median household income | $50,475 |
| Bachelor's degree or higher | 23.5% |
| Civilian unemployment rate | 14.9% |
| Homeownership rate | 30.9% |
| Housing vacancy rate | 1.3% |
| Rent burden 30% or higher | 73.0% |
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 Monterey
Is Monterey one of the best neighborhoods in Jacksonville?
Monterey has a Best Neighborhoods USA Index of 37.7 and a city ranking of #138 of 188 eligible neighborhoods in Jacksonville.
How much are homes worth in Monterey?
The current Zillow Home Value Index for Monterey is approximately $253,751.
Are home values rising or falling in Monterey?
Zillow neighborhood values changed 1.9% year over year and 0.03% month over month.
What is the Neighborhood Momentum Score for Monterey?
Monterey has a Neighborhood Momentum Score of 58.4. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Monterey?
The NDS-derived neighborhood median household income is approximately $50,475.
How affordable is Monterey relative to household income?
The current Zillow home-value-to-household-income ratio is 5.03. Price-to-income affordability is a major Value Opportunity input.
Is Monterey primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 30.9%.
What is the unemployment rate in Monterey?
The NDS-derived civilian unemployment rate is approximately 14.9%.
How educated are residents of Monterey?
Approximately 23.5% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Monterey face high rent burden?
Approximately 73.0% 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 Monterey?
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 applications64
Estimated originations29
Home-purchase applications33
Origination rate45.6%
Home-purchase share51.1%
Average application loan$192,281
Total application loan amount$12,357,936
National application rank#6,205 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -14.3% YoY; originations -22.6% 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.