What is the Best Neighborhoods USA ranking for Park Place?
Park Place is ranked #66 of 154 eligible neighborhoods in Milwaukee; #265 of 394 eligible neighborhoods in WI; and #7,694 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Park Place
Milwaukee, WI | Milwaukee County
Scored premium profile
Best Neighborhoods USA Index
49.8
Stability and Strength
44.6
Value Opportunity
47.8
Momentum
61.0
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Milwaukee, WI |
| County | Milwaukee County |
| National rank | #7,694 of 14,967 |
| State rank | #265 of 394 |
| City rank | #66 of 154 |
| County rank | #110 of 205 |
| National percentile | 48.6 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $476,516 |
| Year-over-year home value change | 2.3% |
| Month-over-month home value change | 0.02% |
| Home value to income ratio | 5.22 |
| Median household income | $91,220 |
| Bachelor's degree or higher | 42.6% |
| Civilian unemployment rate | 16.2% |
| Homeownership rate | 41.6% |
| Housing vacancy rate | 4.7% |
| Rent burden 30% or higher | 42.6% |
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 Park Place
Is Park Place one of the best neighborhoods in Milwaukee?
Park Place has a Best Neighborhoods USA Index of 49.8 and a city ranking of #66 of 154 eligible neighborhoods in Milwaukee.
How much are homes worth in Park Place?
The current Zillow Home Value Index for Park Place is approximately $476,516.
Are home values rising or falling in Park Place?
Zillow neighborhood values changed 2.3% year over year and 0.02% month over month.
What is the Neighborhood Momentum Score for Park Place?
Park Place has a Neighborhood Momentum Score of 61.0. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Park Place?
The NDS-derived neighborhood median household income is approximately $91,220.
How affordable is Park Place 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 Park Place primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 41.6%.
What is the unemployment rate in Park Place?
The NDS-derived civilian unemployment rate is approximately 16.2%.
How educated are residents of Park Place?
Approximately 42.6% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Park Place face high rent burden?
Approximately 42.6% 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 Park Place?
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 applications81
Estimated originations48
Home-purchase applications30
Origination rate59.2%
Home-purchase share37.1%
Average application loan$166,673
Total application loan amount$13,577,273
National application rank#5,157 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -2.0% YoY; originations -2.0% 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.