What is the Best Neighborhoods USA ranking for Papago Parkway?
Papago Parkway is ranked #20 of 68 eligible neighborhoods in Tempe; #158 of 746 eligible neighborhoods in AZ; and #3,030 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Papago Parkway
Tempe, AZ | Maricopa County
Scored premium profile
Best Neighborhoods USA Index
63.1
Stability and Strength
77.2
Value Opportunity
61.7
Momentum
42.5
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Tempe, AZ |
| County | Maricopa County |
| National rank | #3,030 of 14,967 |
| State rank | #158 of 746 |
| City rank | #20 of 68 |
| County rank | #151 of 546 |
| National percentile | 79.8 |
| National band | TOP_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $590,536 |
| Year-over-year home value change | -1.3% |
| Month-over-month home value change | 0.28% |
| Home value to income ratio | 5.83 |
| Median household income | $101,229 |
| Bachelor's degree or higher | 38.4% |
| Civilian unemployment rate | 0.0% |
| Homeownership rate | 83.1% |
| Housing vacancy rate | 0.0% |
| Rent burden 30% or higher | 14.7% |
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 Papago Parkway
Is Papago Parkway one of the best neighborhoods in Tempe?
Papago Parkway has a Best Neighborhoods USA Index of 63.1 and a city ranking of #20 of 68 eligible neighborhoods in Tempe.
How much are homes worth in Papago Parkway?
The current Zillow Home Value Index for Papago Parkway is approximately $590,536.
Are home values rising or falling in Papago Parkway?
Zillow neighborhood values changed -1.3% year over year and 0.28% month over month.
What is the Neighborhood Momentum Score for Papago Parkway?
Papago Parkway has a Neighborhood Momentum Score of 42.5. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Papago Parkway?
The NDS-derived neighborhood median household income is approximately $101,229.
How affordable is Papago Parkway relative to household income?
The current Zillow home-value-to-household-income ratio is 5.83. Price-to-income affordability is a major Value Opportunity input.
Is Papago Parkway primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 83.1%.
What is the unemployment rate in Papago Parkway?
The NDS-derived civilian unemployment rate is approximately 0.0%.
How educated are residents of Papago Parkway?
Approximately 38.4% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Papago Parkway face high rent burden?
Approximately 14.7% 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 Papago Parkway?
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 applications32
Estimated originations23
Home-purchase applications12
Origination rate70.0%
Home-purchase share37.1%
Average application loan$554,653
Total application loan amount$18,019,804
National application rank#8,934 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 29.6% YoY; originations 68.8% 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.