What is the Best Neighborhoods USA ranking for Bahama Village?
Bahama Village is ranked #12 of 12 eligible neighborhoods in Key West; #1,018 of 1,145 eligible neighborhoods in FL; and #13,791 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Bahama Village
Key West, FL | Monroe County
Scored premium profile
Best Neighborhoods USA Index
28.0
Stability and Strength
34.0
Value Opportunity
25.5
Momentum
21.9
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Key West, FL |
| County | Monroe County |
| National rank | #13,791 of 14,967 |
| State rank | #1,018 of 1,145 |
| City rank | #12 of 12 |
| County rank | #12 of 12 |
| National percentile | 7.9 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $1,097,261 |
| Year-over-year home value change | -2.6% |
| Month-over-month home value change | -0.15% |
| Home value to income ratio | 24.96 |
| Median household income | $43,968 |
| Bachelor's degree or higher | 33.4% |
| Civilian unemployment rate | 0.7% |
| Homeownership rate | 18.4% |
| Housing vacancy rate | 22.4% |
| Rent burden 30% or higher | 66.0% |
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 Bahama Village
Is Bahama Village one of the best neighborhoods in Key West?
Bahama Village has a Best Neighborhoods USA Index of 28.0 and a city ranking of #12 of 12 eligible neighborhoods in Key West.
How much are homes worth in Bahama Village?
The current Zillow Home Value Index for Bahama Village is approximately $1,097,261.
Are home values rising or falling in Bahama Village?
Zillow neighborhood values changed -2.6% year over year and -0.15% month over month.
What is the Neighborhood Momentum Score for Bahama Village?
Bahama Village has a Neighborhood Momentum Score of 21.9. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Bahama Village?
The NDS-derived neighborhood median household income is approximately $43,968.
How affordable is Bahama Village relative to household income?
The current Zillow home-value-to-household-income ratio is 24.96. Price-to-income affordability is a major Value Opportunity input.
Is Bahama Village primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 18.4%.
What is the unemployment rate in Bahama Village?
The NDS-derived civilian unemployment rate is approximately 0.7%.
How educated are residents of Bahama Village?
Approximately 33.4% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Bahama Village face high rent burden?
Approximately 66.0% 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 Bahama Village?
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 originations8
Home-purchase applications8
Origination rate67.8%
Home-purchase share62.7%
Average application loan$866,364
Total application loan amount$10,715,057
National application rank#12,008 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -7.8% YoY; originations 25.0% 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.