What is the Best Neighborhoods USA ranking for Island Station?
Island Station is ranked #5 of 7 eligible neighborhoods in Milwaukie; #183 of 254 eligible neighborhoods in OR; and #9,278 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Island Station
Milwaukie, OR | Clackamas County
Scored premium profile
Best Neighborhoods USA Index
45.4
Stability and Strength
44.6
Value Opportunity
44.6
Momentum
47.6
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Milwaukie, OR |
| County | Clackamas County |
| National rank | #9,278 of 14,967 |
| State rank | #183 of 254 |
| City rank | #5 of 7 |
| County rank | #46 of 51 |
| National percentile | 38.0 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $550,616 |
| Year-over-year home value change | 1.5% |
| Month-over-month home value change | -0.31% |
| Home value to income ratio | 6.47 |
| Median household income | $85,166 |
| Bachelor's degree or higher | 59.7% |
| Civilian unemployment rate | 7.6% |
| Homeownership rate | 43.2% |
| Housing vacancy rate | 9.5% |
| Rent burden 30% or higher | 65.1% |
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 Island Station
Is Island Station one of the best neighborhoods in Milwaukie?
Island Station has a Best Neighborhoods USA Index of 45.4 and a city ranking of #5 of 7 eligible neighborhoods in Milwaukie.
How much are homes worth in Island Station?
The current Zillow Home Value Index for Island Station is approximately $550,616.
Are home values rising or falling in Island Station?
Zillow neighborhood values changed 1.5% year over year and -0.31% month over month.
What is the Neighborhood Momentum Score for Island Station?
Island Station has a Neighborhood Momentum Score of 47.6. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Island Station?
The NDS-derived neighborhood median household income is approximately $85,166.
How affordable is Island Station relative to household income?
The current Zillow home-value-to-household-income ratio is 6.47. Price-to-income affordability is a major Value Opportunity input.
Is Island Station primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 43.2%.
What is the unemployment rate in Island Station?
The NDS-derived civilian unemployment rate is approximately 7.6%.
How educated are residents of Island Station?
Approximately 59.7% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Island Station face high rent burden?
Approximately 65.1% 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 Island Station?
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 applications21
Estimated originations13
Home-purchase applications8
Origination rate60.4%
Home-purchase share35.9%
Average application loan$266,343
Total application loan amount$5,597,755
National application rank#10,482 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 11.6% YoY; originations 16.8% 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.