What is the Best Neighborhoods USA ranking for Fourth Addition?
Fourth Addition is ranked #2 of 16 eligible neighborhoods in Pacific Grove; #150 of 1,814 eligible neighborhoods in CA; and #2,048 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Fourth Addition
Pacific Grove, CA | Monterey County
Scored premium profile
Best Neighborhoods USA Index
66.8
Stability and Strength
64.2
Value Opportunity
47.8
Momentum
97.7
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Pacific Grove, CA |
| County | Monterey County |
| National rank | #2,048 of 14,967 |
| State rank | #150 of 1,814 |
| City rank | #2 of 16 |
| County rank | #2 of 31 |
| National percentile | 86.3 |
| National band | TOP_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $1,563,544 |
| Year-over-year home value change | 10.4% |
| Month-over-month home value change | 1.08% |
| Home value to income ratio | 13.24 |
| Median household income | $118,134 |
| Bachelor's degree or higher | 67.7% |
| Civilian unemployment rate | 2.4% |
| Homeownership rate | 44.7% |
| Housing vacancy rate | 9.1% |
| Rent burden 30% or higher | 55.8% |
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 Fourth Addition
Is Fourth Addition one of the best neighborhoods in Pacific Grove?
Fourth Addition has a Best Neighborhoods USA Index of 66.8 and a city ranking of #2 of 16 eligible neighborhoods in Pacific Grove.
How much are homes worth in Fourth Addition?
The current Zillow Home Value Index for Fourth Addition is approximately $1,563,544.
Are home values rising or falling in Fourth Addition?
Zillow neighborhood values changed 10.4% year over year and 1.08% month over month.
What is the Neighborhood Momentum Score for Fourth Addition?
Fourth Addition has a Neighborhood Momentum Score of 97.7. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Fourth Addition?
The NDS-derived neighborhood median household income is approximately $118,134.
How affordable is Fourth Addition relative to household income?
The current Zillow home-value-to-household-income ratio is 13.24. Price-to-income affordability is a major Value Opportunity input.
Is Fourth Addition primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 44.7%.
What is the unemployment rate in Fourth Addition?
The NDS-derived civilian unemployment rate is approximately 2.4%.
How educated are residents of Fourth Addition?
Approximately 67.7% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Fourth Addition face high rent burden?
Approximately 55.8% 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 Fourth Addition?
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 applications6
Estimated originations4
Home-purchase applications2
Origination rate58.6%
Home-purchase share31.2%
Average application loan$524,962
Total application loan amount$3,227,699
National application rank#13,429 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 32.1% YoY; originations 23.8% 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.