What is the Best Neighborhoods USA ranking for Parrot Cove?
Parrot Cove is ranked #1 of 16 eligible neighborhoods in Lake Worth Beach; #249 of 1,145 eligible neighborhoods in FL; and #5,184 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Parrot Cove
Lake Worth Beach, FL | Palm Beach County
Scored premium profile
Best Neighborhoods USA Index
56.6
Stability and Strength
54.9
Value Opportunity
47.5
Momentum
72.0
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Lake Worth Beach, FL |
| County | Palm Beach County |
| National rank | #5,184 of 14,967 |
| State rank | #249 of 1,145 |
| City rank | #1 of 16 |
| County rank | #32 of 109 |
| National percentile | 65.4 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $689,523 |
| Year-over-year home value change | 1.7% |
| Month-over-month home value change | 1.02% |
| Home value to income ratio | 6.66 |
| Median household income | $103,528 |
| Bachelor's degree or higher | 51.2% |
| Civilian unemployment rate | 6.2% |
| Homeownership rate | 75.4% |
| Housing vacancy rate | 8.0% |
| Rent burden 30% or higher | 70.3% |
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 Parrot Cove
Is Parrot Cove one of the best neighborhoods in Lake Worth Beach?
Parrot Cove has a Best Neighborhoods USA Index of 56.6 and a city ranking of #1 of 16 eligible neighborhoods in Lake Worth Beach.
How much are homes worth in Parrot Cove?
The current Zillow Home Value Index for Parrot Cove is approximately $689,523.
Are home values rising or falling in Parrot Cove?
Zillow neighborhood values changed 1.7% year over year and 1.02% month over month.
What is the Neighborhood Momentum Score for Parrot Cove?
Parrot Cove has a Neighborhood Momentum Score of 72.0. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Parrot Cove?
The NDS-derived neighborhood median household income is approximately $103,528.
How affordable is Parrot Cove relative to household income?
The current Zillow home-value-to-household-income ratio is 6.66. Price-to-income affordability is a major Value Opportunity input.
Is Parrot Cove primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 75.4%.
What is the unemployment rate in Parrot Cove?
The NDS-derived civilian unemployment rate is approximately 6.2%.
How educated are residents of Parrot Cove?
Approximately 51.2% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Parrot Cove face high rent burden?
Approximately 70.3% 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 Parrot Cove?
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 applications23
Estimated originations11
Home-purchase applications9
Origination rate47.9%
Home-purchase share39.4%
Average application loan$390,876
Total application loan amount$9,023,323
National application rank#10,162 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -14.9% YoY; originations -13.4% 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.