What is the Best Neighborhoods USA ranking for Pepperwood?
Pepperwood is ranked #64 of 68 eligible neighborhoods in Tempe; #671 of 746 eligible neighborhoods in AZ; and #13,190 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Pepperwood
Tempe, AZ | Maricopa County
Scored premium profile
Best Neighborhoods USA Index
31.7
Stability and Strength
33.1
Value Opportunity
41.8
Momentum
15.2
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 | #13,190 of 14,967 |
| State rank | #671 of 746 |
| City rank | #64 of 68 |
| County rank | #523 of 546 |
| National percentile | 11.9 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $384,202 |
| Year-over-year home value change | -3.0% |
| Month-over-month home value change | -0.40% |
| Home value to income ratio | 5.73 |
| Median household income | $67,054 |
| Bachelor's degree or higher | 37.0% |
| Civilian unemployment rate | 13.8% |
| Homeownership rate | 26.9% |
| Housing vacancy rate | 1.4% |
| Rent burden 30% or higher | 62.8% |
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 Pepperwood
Is Pepperwood one of the best neighborhoods in Tempe?
Pepperwood has a Best Neighborhoods USA Index of 31.7 and a city ranking of #64 of 68 eligible neighborhoods in Tempe.
How much are homes worth in Pepperwood?
The current Zillow Home Value Index for Pepperwood is approximately $384,202.
Are home values rising or falling in Pepperwood?
Zillow neighborhood values changed -3.0% year over year and -0.40% month over month.
What is the Neighborhood Momentum Score for Pepperwood?
Pepperwood has a Neighborhood Momentum Score of 15.2. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Pepperwood?
The NDS-derived neighborhood median household income is approximately $67,054.
How affordable is Pepperwood relative to household income?
The current Zillow home-value-to-household-income ratio is 5.73. Price-to-income affordability is a major Value Opportunity input.
Is Pepperwood primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 26.9%.
What is the unemployment rate in Pepperwood?
The NDS-derived civilian unemployment rate is approximately 13.8%.
How educated are residents of Pepperwood?
Approximately 37.0% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Pepperwood face high rent burden?
Approximately 62.8% 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 Pepperwood?
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 applications70
Estimated originations34
Home-purchase applications27
Origination rate49.2%
Home-purchase share38.1%
Average application loan$229,335
Total application loan amount$16,094,704
National application rank#5,806 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 12.4% YoY; originations -4.9% 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.