Neighborhood Profile

Washington Park

North Miami Beach, FL | Miami-Dade County
Scored premium profile
Best Neighborhoods USA Index
41.7
National rank: #10,477 of 14,967
Stability and Strength
38.3
Score
Value Opportunity
33.1
Score
Momentum
59.3
Score
Score note: Rankings show denominators so users always see the size of the eligible cohort.
ContextValue
LocationNorth Miami Beach, FL
CountyMiami-Dade County
National rank#10,477 of 14,967
State rank#669 of 1,145
City rank#6 of 12
County rank#37 of 81
National percentile30.0
National bandMIDDLE_50_PERCENT
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Housing and local fundamentals

Housing and market metricsValue
Current Zillow home value$401,830
Year-over-year home value change0.8%
Month-over-month home value change0.33%
Home value to income ratio7.16
Median household income$56,104
Bachelor's degree or higher14.3%
Civilian unemployment rate4.3%
Homeownership rate83.7%
Housing vacancy rate6.1%
Rent burden 30% or higher99.9%

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 Washington Park

What is the Best Neighborhoods USA ranking for Washington Park?

Washington Park is ranked #6 of 12 eligible neighborhoods in North Miami Beach; #669 of 1,145 eligible neighborhoods in FL; and #10,477 of 14,967 eligible neighborhoods in the United States.

Is Washington Park one of the best neighborhoods in North Miami Beach?

Washington Park has a Best Neighborhoods USA Index of 41.7 and a city ranking of #6 of 12 eligible neighborhoods in North Miami Beach.

How much are homes worth in Washington Park?

The current Zillow Home Value Index for Washington Park is approximately $401,830.

Are home values rising or falling in Washington Park?

Zillow neighborhood values changed 0.8% year over year and 0.33% month over month.

What is the Neighborhood Momentum Score for Washington Park?

Washington Park has a Neighborhood Momentum Score of 59.3. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.

What is the median household income in Washington Park?

The NDS-derived neighborhood median household income is approximately $56,104.

How affordable is Washington Park relative to household income?

The current Zillow home-value-to-household-income ratio is 7.16. Price-to-income affordability is a major Value Opportunity input.

Is Washington Park primarily homeowners or renters?

The NDS-derived homeownership rate is approximately 83.7%.

What is the unemployment rate in Washington Park?

The NDS-derived civilian unemployment rate is approximately 4.3%.

How educated are residents of Washington Park?

Approximately 14.3% of residents age 25 and older are estimated to have a bachelor's degree or higher.

What share of renters in Washington Park face high rent burden?

Approximately 99.9% 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 Washington 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

FULL_OR_NEAR_FULL

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 applications7
Estimated originations3
Home-purchase applications4
Origination rate45.0%
Home-purchase share48.6%
Average application loan$293,349
Total application loan amount$2,174,539
National application rank#13,112 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -22.7% YoY; originations -3.9% 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.