What is the Best Neighborhoods USA ranking for Island Estate?
Island Estate is ranked #26 of 37 eligible neighborhoods in Clearwater; #556 of 1,145 eligible neighborhoods in FL; and #9,317 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Island Estate
Clearwater, FL | Pinellas County
Scored premium profile
Best Neighborhoods USA Index
45.2
Stability and Strength
60.8
Value Opportunity
42.4
Momentum
24.2
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Clearwater, FL |
| County | Pinellas County |
| National rank | #9,317 of 14,967 |
| State rank | #556 of 1,145 |
| City rank | #26 of 37 |
| County rank | #90 of 144 |
| National percentile | 37.8 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $1,267,312 |
| Year-over-year home value change | -2.0% |
| Month-over-month home value change | -0.20% |
| Home value to income ratio | 11.11 |
| Median household income | $114,030 |
| Bachelor's degree or higher | 48.7% |
| Civilian unemployment rate | 2.1% |
| Homeownership rate | 79.0% |
| Housing vacancy rate | 36.5% |
| Rent burden 30% or higher | 71.1% |
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 Estate
Is Island Estate one of the best neighborhoods in Clearwater?
Island Estate has a Best Neighborhoods USA Index of 45.2 and a city ranking of #26 of 37 eligible neighborhoods in Clearwater.
How much are homes worth in Island Estate?
The current Zillow Home Value Index for Island Estate is approximately $1,267,312.
Are home values rising or falling in Island Estate?
Zillow neighborhood values changed -2.0% year over year and -0.20% month over month.
What is the Neighborhood Momentum Score for Island Estate?
Island Estate has a Neighborhood Momentum Score of 24.2. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Island Estate?
The NDS-derived neighborhood median household income is approximately $114,030.
How affordable is Island Estate relative to household income?
The current Zillow home-value-to-household-income ratio is 11.11. Price-to-income affordability is a major Value Opportunity input.
Is Island Estate primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 79.0%.
What is the unemployment rate in Island Estate?
The NDS-derived civilian unemployment rate is approximately 2.1%.
How educated are residents of Island Estate?
Approximately 48.7% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Island Estate face high rent burden?
Approximately 71.1% 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 Estate?
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 applications51
Estimated originations22
Home-purchase applications27
Origination rate43.6%
Home-purchase share51.9%
Average application loan$479,033
Total application loan amount$24,571,169
National application rank#7,132 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -18.8% YoY; originations -24.8% 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.