What is the Best Neighborhoods USA ranking for Grovewood?
Grovewood is ranked #10 of 37 eligible neighborhoods in Clearwater; #191 of 1,145 eligible neighborhoods in FL; and #4,372 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Grovewood
Clearwater, FL | Pinellas County
Scored premium profile
Best Neighborhoods USA Index
59.0
Stability and Strength
62.1
Value Opportunity
49.2
Momentum
67.6
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 | #4,372 of 14,967 |
| State rank | #191 of 1,145 |
| City rank | #10 of 37 |
| County rank | #25 of 144 |
| National percentile | 70.8 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $576,344 |
| Year-over-year home value change | 1.3% |
| Month-over-month home value change | 0.68% |
| Home value to income ratio | 5.90 |
| Median household income | $97,614 |
| Bachelor's degree or higher | 21.5% |
| Civilian unemployment rate | 1.8% |
| Homeownership rate | 97.3% |
| Housing vacancy rate | 10.1% |
| Rent burden 30% or higher | Not available |
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 Grovewood
Is Grovewood one of the best neighborhoods in Clearwater?
Grovewood has a Best Neighborhoods USA Index of 59.0 and a city ranking of #10 of 37 eligible neighborhoods in Clearwater.
How much are homes worth in Grovewood?
The current Zillow Home Value Index for Grovewood is approximately $576,344.
Are home values rising or falling in Grovewood?
Zillow neighborhood values changed 1.3% year over year and 0.68% month over month.
What is the Neighborhood Momentum Score for Grovewood?
Grovewood has a Neighborhood Momentum Score of 67.6. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Grovewood?
The NDS-derived neighborhood median household income is approximately $97,614.
How affordable is Grovewood relative to household income?
The current Zillow home-value-to-household-income ratio is 5.90. Price-to-income affordability is a major Value Opportunity input.
Is Grovewood primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 97.3%.
What is the unemployment rate in Grovewood?
The NDS-derived civilian unemployment rate is approximately 1.8%.
How educated are residents of Grovewood?
Approximately 21.5% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Grovewood face high rent burden?
Approximately Not available 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 Grovewood?
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 applications10
Estimated originations6
Home-purchase applications5
Origination rate59.5%
Home-purchase share50.4%
Average application loan$724,917
Total application loan amount$7,438,708
National application rank#12,444 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -4.7% YoY; originations 14.3% 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.