What is the Best Neighborhoods USA ranking for Palomino Estates?
Palomino Estates is ranked #18 of 179 eligible neighborhoods in Gilbert; #44 of 746 eligible neighborhoods in AZ; and #1,050 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Palomino Estates
Gilbert, AZ | Maricopa County
Scored premium profile
Best Neighborhoods USA Index
71.8
Stability and Strength
79.9
Value Opportunity
54.9
Momentum
82.5
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Gilbert, AZ |
| County | Maricopa County |
| National rank | #1,050 of 14,967 |
| State rank | #44 of 746 |
| City rank | #18 of 179 |
| County rank | #44 of 546 |
| National percentile | 93.0 |
| National band | TOP_10_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $1,225,625 |
| Year-over-year home value change | 14.2% |
| Month-over-month home value change | -0.02% |
| Home value to income ratio | 8.13 |
| Median household income | $150,837 |
| Bachelor's degree or higher | 35.2% |
| Civilian unemployment rate | 2.8% |
| Homeownership rate | 96.2% |
| Housing vacancy rate | 0.0% |
| Rent burden 30% or higher | 0.1% |
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 Palomino Estates
Is Palomino Estates one of the best neighborhoods in Gilbert?
Palomino Estates has a Best Neighborhoods USA Index of 71.8 and a city ranking of #18 of 179 eligible neighborhoods in Gilbert.
How much are homes worth in Palomino Estates?
The current Zillow Home Value Index for Palomino Estates is approximately $1,225,625.
Are home values rising or falling in Palomino Estates?
Zillow neighborhood values changed 14.2% year over year and -0.02% month over month.
What is the Neighborhood Momentum Score for Palomino Estates?
Palomino Estates has a Neighborhood Momentum Score of 82.5. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Palomino Estates?
The NDS-derived neighborhood median household income is approximately $150,837.
How affordable is Palomino Estates relative to household income?
The current Zillow home-value-to-household-income ratio is 8.13. Price-to-income affordability is a major Value Opportunity input.
Is Palomino Estates primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 96.2%.
What is the unemployment rate in Palomino Estates?
The NDS-derived civilian unemployment rate is approximately 2.8%.
How educated are residents of Palomino Estates?
Approximately 35.2% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Palomino Estates face high rent burden?
Approximately 0.1% 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 Palomino Estates?
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 applications12
Estimated originations6
Home-purchase applications4
Origination rate53.2%
Home-purchase share30.2%
Average application loan$387,265
Total application loan amount$4,557,366
National application rank#12,136 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 9.5% YoY; originations 8.8% 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.