What is the Best Neighborhoods USA ranking for Spencer Lakes?
Spencer Lakes is ranked #9 of 39 eligible neighborhoods in West Palm Beach; #267 of 1,145 eligible neighborhoods in FL; and #5,368 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Spencer Lakes
West Palm Beach, FL | Palm Beach County
Scored premium profile
Best Neighborhoods USA Index
56.0
Stability and Strength
60.4
Value Opportunity
67.7
Momentum
32.8
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | West Palm Beach, FL |
| County | Palm Beach County |
| National rank | #5,368 of 14,967 |
| State rank | #267 of 1,145 |
| City rank | #9 of 39 |
| County rank | #33 of 109 |
| National percentile | 64.1 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $332,999 |
| Year-over-year home value change | -1.5% |
| Month-over-month home value change | -0.02% |
| Home value to income ratio | 3.52 |
| Median household income | $94,622 |
| Bachelor's degree or higher | 42.3% |
| Civilian unemployment rate | 4.2% |
| Homeownership rate | 66.4% |
| Housing vacancy rate | 4.7% |
| Rent burden 30% or higher | 44.3% |
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 Spencer Lakes
Is Spencer Lakes one of the best neighborhoods in West Palm Beach?
Spencer Lakes has a Best Neighborhoods USA Index of 56.0 and a city ranking of #9 of 39 eligible neighborhoods in West Palm Beach.
How much are homes worth in Spencer Lakes?
The current Zillow Home Value Index for Spencer Lakes is approximately $332,999.
Are home values rising or falling in Spencer Lakes?
Zillow neighborhood values changed -1.5% year over year and -0.02% month over month.
What is the Neighborhood Momentum Score for Spencer Lakes?
Spencer Lakes has a Neighborhood Momentum Score of 32.8. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Spencer Lakes?
The NDS-derived neighborhood median household income is approximately $94,622.
How affordable is Spencer Lakes relative to household income?
The current Zillow home-value-to-household-income ratio is 3.52. Price-to-income affordability is a major Value Opportunity input.
Is Spencer Lakes primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 66.4%.
What is the unemployment rate in Spencer Lakes?
The NDS-derived civilian unemployment rate is approximately 4.2%.
How educated are residents of Spencer Lakes?
Approximately 42.3% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Spencer Lakes face high rent burden?
Approximately 44.3% 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 Spencer Lakes?
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 applications67
Estimated originations32
Home-purchase applications30
Origination rate48.2%
Home-purchase share45.5%
Average application loan$190,399
Total application loan amount$12,679,894
National application rank#6,035 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -4.0% YoY; originations -17.9% 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.