What is the Best Neighborhoods USA ranking for Phantom Lake?
Phantom Lake is ranked #2 of 23 eligible neighborhoods in Bellevue; #170 of 533 eligible neighborhoods in WA; and #6,469 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Phantom Lake
Bellevue, WA | King County
Scored premium profile
Best Neighborhoods USA Index
53.1
Stability and Strength
77.8
Value Opportunity
56.1
Momentum
9.6
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Bellevue, WA |
| County | King County |
| National rank | #6,469 of 14,967 |
| State rank | #170 of 533 |
| City rank | #2 of 23 |
| County rank | #90 of 287 |
| National percentile | 56.8 |
| National band | MIDDLE_50_PERCENT |
Neighborhood Expert Opportunity
Become the Neighborhood Expert for this market
Inquire about this marketUnsold commercial placement. No local expert is currently assigned.
Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $1,617,544 |
| Year-over-year home value change | -3.6% |
| Month-over-month home value change | -0.82% |
| Home value to income ratio | 7.23 |
| Median household income | $223,695 |
| Bachelor's degree or higher | 78.2% |
| Civilian unemployment rate | 10.7% |
| Homeownership rate | 90.7% |
| Housing vacancy rate | 1.6% |
| Rent burden 30% or higher | 12.7% |
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 Phantom Lake
Is Phantom Lake one of the best neighborhoods in Bellevue?
Phantom Lake has a Best Neighborhoods USA Index of 53.1 and a city ranking of #2 of 23 eligible neighborhoods in Bellevue.
How much are homes worth in Phantom Lake?
The current Zillow Home Value Index for Phantom Lake is approximately $1,617,544.
Are home values rising or falling in Phantom Lake?
Zillow neighborhood values changed -3.6% year over year and -0.82% month over month.
What is the Neighborhood Momentum Score for Phantom Lake?
Phantom Lake has a Neighborhood Momentum Score of 9.6. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Phantom Lake?
The NDS-derived neighborhood median household income is approximately $223,695.
How affordable is Phantom Lake relative to household income?
The current Zillow home-value-to-household-income ratio is 7.23. Price-to-income affordability is a major Value Opportunity input.
Is Phantom Lake primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 90.7%.
What is the unemployment rate in Phantom Lake?
The NDS-derived civilian unemployment rate is approximately 10.7%.
How educated are residents of Phantom Lake?
Approximately 78.2% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Phantom Lake face high rent burden?
Approximately 12.7% 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 Phantom Lake?
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 applications84
Estimated originations52
Home-purchase applications47
Origination rate61.8%
Home-purchase share55.7%
Average application loan$924,250
Total application loan amount$78,096,713
National application rank#5,007 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 3.8% YoY; originations 3.7% 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.