What is the Best Neighborhoods USA ranking for Homestead Park?
Homestead Park is ranked #55 of 59 eligible neighborhoods in Arvada; #431 of 486 eligible neighborhoods in CO; and #11,959 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Homestead Park
Arvada, CO | Jefferson County
Scored premium profile
Best Neighborhoods USA Index
36.7
Stability and Strength
46.3
Value Opportunity
42.7
Momentum
12.7
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Arvada, CO |
| County | Jefferson County |
| National rank | #11,959 of 14,967 |
| State rank | #431 of 486 |
| City rank | #55 of 59 |
| County rank | #62 of 69 |
| National percentile | 20.1 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $531,206 |
| Year-over-year home value change | -4.0% |
| Month-over-month home value change | -0.30% |
| Home value to income ratio | 6.39 |
| Median household income | $83,157 |
| Bachelor's degree or higher | 44.4% |
| Civilian unemployment rate | 12.6% |
| Homeownership rate | 56.1% |
| Housing vacancy rate | 3.6% |
| Rent burden 30% or higher | 50.6% |
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 Homestead Park
Is Homestead Park one of the best neighborhoods in Arvada?
Homestead Park has a Best Neighborhoods USA Index of 36.7 and a city ranking of #55 of 59 eligible neighborhoods in Arvada.
How much are homes worth in Homestead Park?
The current Zillow Home Value Index for Homestead Park is approximately $531,206.
Are home values rising or falling in Homestead Park?
Zillow neighborhood values changed -4.0% year over year and -0.30% month over month.
What is the Neighborhood Momentum Score for Homestead Park?
Homestead Park has a Neighborhood Momentum Score of 12.7. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Homestead Park?
The NDS-derived neighborhood median household income is approximately $83,157.
How affordable is Homestead Park relative to household income?
The current Zillow home-value-to-household-income ratio is 6.39. Price-to-income affordability is a major Value Opportunity input.
Is Homestead Park primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 56.1%.
What is the unemployment rate in Homestead Park?
The NDS-derived civilian unemployment rate is approximately 12.6%.
How educated are residents of Homestead Park?
Approximately 44.4% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Homestead Park face high rent burden?
Approximately 50.6% 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 Homestead Park?
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 applications98
Estimated originations53
Home-purchase applications42
Origination rate53.5%
Home-purchase share43.0%
Average application loan$324,552
Total application loan amount$31,894,528
National application rank#4,408 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -14.5% YoY; originations -21.8% 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.