What is the Best Neighborhoods USA ranking for Vedado?
Vedado is ranked #13 of 39 eligible neighborhoods in West Palm Beach; #331 of 1,145 eligible neighborhoods in FL; and #6,399 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Vedado
West Palm Beach, FL | Palm Beach County
Scored premium profile
Best Neighborhoods USA Index
53.3
Stability and Strength
66.3
Value Opportunity
57.5
Momentum
26.5
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 | #6,399 of 14,967 |
| State rank | #331 of 1,145 |
| City rank | #13 of 39 |
| County rank | #39 of 109 |
| National percentile | 57.2 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $509,501 |
| Year-over-year home value change | -0.7% |
| Month-over-month home value change | -0.95% |
| Home value to income ratio | 5.10 |
| Median household income | $99,891 |
| Bachelor's degree or higher | 37.2% |
| Civilian unemployment rate | 1.5% |
| Homeownership rate | 73.8% |
| Housing vacancy rate | 10.1% |
| Rent burden 30% or higher | 27.0% |
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 Vedado
Is Vedado one of the best neighborhoods in West Palm Beach?
Vedado has a Best Neighborhoods USA Index of 53.3 and a city ranking of #13 of 39 eligible neighborhoods in West Palm Beach.
How much are homes worth in Vedado?
The current Zillow Home Value Index for Vedado is approximately $509,501.
Are home values rising or falling in Vedado?
Zillow neighborhood values changed -0.7% year over year and -0.95% month over month.
What is the Neighborhood Momentum Score for Vedado?
Vedado has a Neighborhood Momentum Score of 26.5. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Vedado?
The NDS-derived neighborhood median household income is approximately $99,891.
How affordable is Vedado relative to household income?
The current Zillow home-value-to-household-income ratio is 5.10. Price-to-income affordability is a major Value Opportunity input.
Is Vedado primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 73.8%.
What is the unemployment rate in Vedado?
The NDS-derived civilian unemployment rate is approximately 1.5%.
How educated are residents of Vedado?
Approximately 37.2% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Vedado face high rent burden?
Approximately 27.0% 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 Vedado?
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 applications10
Estimated originations4
Home-purchase applications6
Origination rate42.7%
Home-purchase share54.5%
Average application loan$287,909
Total application loan amount$3,020,731
National application rank#12,395 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 37.5% YoY; originations 46.9% 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.