What is the Best Neighborhoods USA ranking for Chaparral Estates?
Chaparral Estates is ranked #124 of 179 eligible neighborhoods in Gilbert; #306 of 746 eligible neighborhoods in AZ; and #5,412 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Chaparral Estates
Gilbert, AZ | Maricopa County
Scored premium profile
Best Neighborhoods USA Index
55.9
Stability and Strength
68.5
Value Opportunity
57.6
Momentum
33.5
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 | #5,412 of 14,967 |
| State rank | #306 of 746 |
| City rank | #124 of 179 |
| County rank | #282 of 546 |
| National percentile | 63.9 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $680,572 |
| Year-over-year home value change | -0.9% |
| Month-over-month home value change | -0.13% |
| Home value to income ratio | 6.13 |
| Median household income | $111,027 |
| Bachelor's degree or higher | 51.4% |
| Civilian unemployment rate | 3.3% |
| Homeownership rate | 73.2% |
| Housing vacancy rate | 3.9% |
| Rent burden 30% or higher | 48.8% |
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 Chaparral Estates
Is Chaparral Estates one of the best neighborhoods in Gilbert?
Chaparral Estates has a Best Neighborhoods USA Index of 55.9 and a city ranking of #124 of 179 eligible neighborhoods in Gilbert.
How much are homes worth in Chaparral Estates?
The current Zillow Home Value Index for Chaparral Estates is approximately $680,572.
Are home values rising or falling in Chaparral Estates?
Zillow neighborhood values changed -0.9% year over year and -0.13% month over month.
What is the Neighborhood Momentum Score for Chaparral Estates?
Chaparral Estates has a Neighborhood Momentum Score of 33.5. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Chaparral Estates?
The NDS-derived neighborhood median household income is approximately $111,027.
How affordable is Chaparral Estates relative to household income?
The current Zillow home-value-to-household-income ratio is 6.13. Price-to-income affordability is a major Value Opportunity input.
Is Chaparral Estates primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 73.2%.
What is the unemployment rate in Chaparral Estates?
The NDS-derived civilian unemployment rate is approximately 3.3%.
How educated are residents of Chaparral Estates?
Approximately 51.4% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Chaparral Estates face high rent burden?
Approximately 48.8% 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 Chaparral 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 applications70
Estimated originations45
Home-purchase applications25
Origination rate64.4%
Home-purchase share35.7%
Average application loan$348,231
Total application loan amount$24,230,238
National application rank#5,843 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 17.2% YoY; originations 24.0% 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.