What is the Best Neighborhoods USA ranking for The Islands?
The Islands is ranked #78 of 179 eligible neighborhoods in Gilbert; #178 of 746 eligible neighborhoods in AZ; and #3,292 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
The Islands
Gilbert, AZ | Maricopa County
Scored premium profile
Best Neighborhoods USA Index
62.3
Stability and Strength
75.8
Value Opportunity
68.7
Momentum
31.8
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 | #3,292 of 14,967 |
| State rank | #178 of 746 |
| City rank | #78 of 179 |
| County rank | #169 of 546 |
| National percentile | 78.0 |
| National band | TOP_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $584,134 |
| Year-over-year home value change | -0.7% |
| Month-over-month home value change | -0.29% |
| Home value to income ratio | 4.59 |
| Median household income | $127,212 |
| Bachelor's degree or higher | 48.0% |
| Civilian unemployment rate | 3.2% |
| Homeownership rate | 80.3% |
| Housing vacancy rate | 1.2% |
| Rent burden 30% or higher | 31.1% |
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 The Islands
Is The Islands one of the best neighborhoods in Gilbert?
The Islands has a Best Neighborhoods USA Index of 62.3 and a city ranking of #78 of 179 eligible neighborhoods in Gilbert.
How much are homes worth in The Islands?
The current Zillow Home Value Index for The Islands is approximately $584,134.
Are home values rising or falling in The Islands?
Zillow neighborhood values changed -0.7% year over year and -0.29% month over month.
What is the Neighborhood Momentum Score for The Islands?
The Islands has a Neighborhood Momentum Score of 31.8. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in The Islands?
The NDS-derived neighborhood median household income is approximately $127,212.
How affordable is The Islands relative to household income?
The current Zillow home-value-to-household-income ratio is 4.59. Price-to-income affordability is a major Value Opportunity input.
Is The Islands primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 80.3%.
What is the unemployment rate in The Islands?
The NDS-derived civilian unemployment rate is approximately 3.2%.
How educated are residents of The Islands?
Approximately 48.0% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in The Islands face high rent burden?
Approximately 31.1% 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 The Islands?
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 applications285
Estimated originations167
Home-purchase applications119
Origination rate58.5%
Home-purchase share41.7%
Average application loan$333,003
Total application loan amount$94,932,253
National application rank#1,282 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 13.9% YoY; originations 13.9% 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.