Neighborhood Profile

Clear Springs Place

Richardson, TX | Collin County
Scored premium profile
Best Neighborhoods USA Index
57.6
National rank: #4,829 of 14,967
Stability and Strength
66.1
Score
Value Opportunity
80.7
Score
Momentum
11.8
Score
Score note: Rankings show denominators so users always see the size of the eligible cohort.
ContextValue
LocationRichardson, TX
CountyCollin County
National rank#4,829 of 14,967
State rank#359 of 1,241
City rank#32 of 48
County rank#18 of 41
National percentile67.8
National bandMIDDLE_50_PERCENT
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Housing and local fundamentals

Housing and market metricsValue
Current Zillow home value$354,908
Year-over-year home value change-5.4%
Month-over-month home value change-0.21%
Home value to income ratio3.44
Median household income$103,302
Bachelor's degree or higher57.2%
Civilian unemployment rate1.1%
Homeownership rate18.3%
Housing vacancy rate0.0%
Rent burden 30% or higher50.2%

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 Clear Springs Place

What is the Best Neighborhoods USA ranking for Clear Springs Place?

Clear Springs Place is ranked #32 of 48 eligible neighborhoods in Richardson; #359 of 1,241 eligible neighborhoods in TX; and #4,829 of 14,967 eligible neighborhoods in the United States.

Is Clear Springs Place one of the best neighborhoods in Richardson?

Clear Springs Place has a Best Neighborhoods USA Index of 57.6 and a city ranking of #32 of 48 eligible neighborhoods in Richardson.

How much are homes worth in Clear Springs Place?

The current Zillow Home Value Index for Clear Springs Place is approximately $354,908.

Are home values rising or falling in Clear Springs Place?

Zillow neighborhood values changed -5.4% year over year and -0.21% month over month.

What is the Neighborhood Momentum Score for Clear Springs Place?

Clear Springs Place has a Neighborhood Momentum Score of 11.8. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.

What is the median household income in Clear Springs Place?

The NDS-derived neighborhood median household income is approximately $103,302.

How affordable is Clear Springs Place relative to household income?

The current Zillow home-value-to-household-income ratio is 3.44. Price-to-income affordability is a major Value Opportunity input.

Is Clear Springs Place primarily homeowners or renters?

The NDS-derived homeownership rate is approximately 18.3%.

What is the unemployment rate in Clear Springs Place?

The NDS-derived civilian unemployment rate is approximately 1.1%.

How educated are residents of Clear Springs Place?

Approximately 57.2% of residents age 25 and older are estimated to have a bachelor's degree or higher.

What share of renters in Clear Springs Place face high rent burden?

Approximately 50.2% 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 Clear Springs Place?

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

FULL_OR_NEAR_FULL

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 applications4
Estimated originations2
Home-purchase applications2
Origination rate66.7%
Home-purchase share55.1%
Average application loan$354,710
Total application loan amount$1,262,912
National application rank#14,137 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -6.8% 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.