What is the Best Neighborhoods USA ranking for Park Promenade?
Park Promenade is ranked #17 of 102 eligible neighborhoods in Chandler; #69 of 746 eligible neighborhoods in AZ; and #1,566 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Park Promenade
Chandler, AZ | Maricopa County
Scored premium profile
Best Neighborhoods USA Index
68.9
Stability and Strength
86.8
Value Opportunity
76.5
Momentum
29.5
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Chandler, AZ |
| County | Maricopa County |
| National rank | #1,566 of 14,967 |
| State rank | #69 of 746 |
| City rank | #17 of 102 |
| County rank | #68 of 546 |
| National percentile | 89.5 |
| National band | TOP_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $664,228 |
| Year-over-year home value change | -1.5% |
| Month-over-month home value change | -0.14% |
| Home value to income ratio | 4.50 |
| Median household income | $147,522 |
| Bachelor's degree or higher | 68.4% |
| Civilian unemployment rate | 2.3% |
| Homeownership rate | 83.7% |
| Housing vacancy rate | 0.0% |
| Rent burden 30% or higher | 0.2% |
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 Park Promenade
Is Park Promenade one of the best neighborhoods in Chandler?
Park Promenade has a Best Neighborhoods USA Index of 68.9 and a city ranking of #17 of 102 eligible neighborhoods in Chandler.
How much are homes worth in Park Promenade?
The current Zillow Home Value Index for Park Promenade is approximately $664,228.
Are home values rising or falling in Park Promenade?
Zillow neighborhood values changed -1.5% year over year and -0.14% month over month.
What is the Neighborhood Momentum Score for Park Promenade?
Park Promenade has a Neighborhood Momentum Score of 29.5. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Park Promenade?
The NDS-derived neighborhood median household income is approximately $147,522.
How affordable is Park Promenade relative to household income?
The current Zillow home-value-to-household-income ratio is 4.50. Price-to-income affordability is a major Value Opportunity input.
Is Park Promenade primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 83.7%.
What is the unemployment rate in Park Promenade?
The NDS-derived civilian unemployment rate is approximately 2.3%.
How educated are residents of Park Promenade?
Approximately 68.4% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Park Promenade face high rent burden?
Approximately 0.2% 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 Park Promenade?
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 applications30
Estimated originations21
Home-purchase applications10
Origination rate69.1%
Home-purchase share33.7%
Average application loan$264,285
Total application loan amount$7,953,750
National application rank#9,215 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 33.6% YoY; originations 59.2% 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.