What is the Best Neighborhoods USA ranking for Melody Ranch?
Melody Ranch is ranked #2 of 37 eligible neighborhoods in Palm Springs; #541 of 1,814 eligible neighborhoods in CA; and #4,943 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Melody Ranch
Palm Springs, CA | Riverside County
Scored premium profile
Best Neighborhoods USA Index
57.4
Stability and Strength
53.5
Value Opportunity
42.6
Momentum
84.2
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Palm Springs, CA |
| County | Riverside County |
| National rank | #4,943 of 14,967 |
| State rank | #541 of 1,814 |
| City rank | #2 of 37 |
| County rank | #15 of 113 |
| National percentile | 67.0 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $666,726 |
| Year-over-year home value change | 3.6% |
| Month-over-month home value change | 1.53% |
| Home value to income ratio | 6.85 |
| Median household income | $97,386 |
| Bachelor's degree or higher | 63.6% |
| Civilian unemployment rate | 7.4% |
| Homeownership rate | 87.3% |
| Housing vacancy rate | 44.8% |
| Rent burden 30% or higher | 65.4% |
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 Melody Ranch
Is Melody Ranch one of the best neighborhoods in Palm Springs?
Melody Ranch has a Best Neighborhoods USA Index of 57.4 and a city ranking of #2 of 37 eligible neighborhoods in Palm Springs.
How much are homes worth in Melody Ranch?
The current Zillow Home Value Index for Melody Ranch is approximately $666,726.
Are home values rising or falling in Melody Ranch?
Zillow neighborhood values changed 3.6% year over year and 1.53% month over month.
What is the Neighborhood Momentum Score for Melody Ranch?
Melody Ranch has a Neighborhood Momentum Score of 84.2. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Melody Ranch?
The NDS-derived neighborhood median household income is approximately $97,386.
How affordable is Melody Ranch relative to household income?
The current Zillow home-value-to-household-income ratio is 6.85. Price-to-income affordability is a major Value Opportunity input.
Is Melody Ranch primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 87.3%.
What is the unemployment rate in Melody Ranch?
The NDS-derived civilian unemployment rate is approximately 7.4%.
How educated are residents of Melody Ranch?
Approximately 63.6% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Melody Ranch face high rent burden?
Approximately 65.4% 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 Melody Ranch?
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 originations18
Home-purchase applications16
Origination rate59.8%
Home-purchase share54.3%
Average application loan$374,011
Total application loan amount$11,100,453
National application rank#9,272 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 3.9% YoY; originations 20.4% 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.