What is the Best Neighborhoods USA ranking for Charleston Gardens?
Charleston Gardens is ranked #2 of 26 eligible neighborhoods in Palo Alto; #16 of 1,814 eligible neighborhoods in CA; and #618 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Charleston Gardens
Palo Alto, CA | Santa Clara County
Scored premium profile
Best Neighborhoods USA Index
75.1
Stability and Strength
85.0
Value Opportunity
54.4
Momentum
88.3
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Palo Alto, CA |
| County | Santa Clara County |
| National rank | #618 of 14,967 |
| State rank | #16 of 1,814 |
| City rank | #2 of 26 |
| County rank | #3 of 95 |
| National percentile | 95.9 |
| National band | TOP_5_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $2,990,050 |
| Year-over-year home value change | 5.5% |
| Month-over-month home value change | 0.59% |
| Home value to income ratio | 15.05 |
| Median household income | $198,658 |
| Bachelor's degree or higher | 89.7% |
| Civilian unemployment rate | 3.2% |
| Homeownership rate | 79.5% |
| Housing vacancy rate | 4.5% |
| Rent burden 30% or higher | 25.3% |
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 Charleston Gardens
Is Charleston Gardens one of the best neighborhoods in Palo Alto?
Charleston Gardens has a Best Neighborhoods USA Index of 75.1 and a city ranking of #2 of 26 eligible neighborhoods in Palo Alto.
How much are homes worth in Charleston Gardens?
The current Zillow Home Value Index for Charleston Gardens is approximately $2,990,050.
Are home values rising or falling in Charleston Gardens?
Zillow neighborhood values changed 5.5% year over year and 0.59% month over month.
What is the Neighborhood Momentum Score for Charleston Gardens?
Charleston Gardens has a Neighborhood Momentum Score of 88.3. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Charleston Gardens?
The NDS-derived neighborhood median household income is approximately $198,658.
How affordable is Charleston Gardens relative to household income?
The current Zillow home-value-to-household-income ratio is 15.05. Price-to-income affordability is a major Value Opportunity input.
Is Charleston Gardens primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 79.5%.
What is the unemployment rate in Charleston Gardens?
The NDS-derived civilian unemployment rate is approximately 3.2%.
How educated are residents of Charleston Gardens?
Approximately 89.7% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Charleston Gardens face high rent burden?
Approximately 25.3% 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 Charleston Gardens?
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 applications13
Estimated originations9
Home-purchase applications7
Origination rate72.4%
Home-purchase share55.5%
Average application loan$1,605,463
Total application loan amount$20,133,731
National application rank#11,967 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 3.9% YoY; originations 17.9% 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.