What is the Best Neighborhoods USA ranking for Ballena Bay?
Ballena Bay is ranked #7 of 13 eligible neighborhoods in Alameda; #442 of 1,814 eligible neighborhoods in CA; and #4,263 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Ballena Bay
Alameda, CA | Alameda County
Scored premium profile
Best Neighborhoods USA Index
59.3
Stability and Strength
62.1
Value Opportunity
51.8
Momentum
65.2
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Alameda, CA |
| County | Alameda County |
| National rank | #4,263 of 14,967 |
| State rank | #442 of 1,814 |
| City rank | #7 of 13 |
| County rank | #49 of 202 |
| National percentile | 71.5 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $1,261,165 |
| Year-over-year home value change | 1.1% |
| Month-over-month home value change | 0.58% |
| Home value to income ratio | 8.98 |
| Median household income | $140,364 |
| Bachelor's degree or higher | 71.5% |
| Civilian unemployment rate | 9.1% |
| Homeownership rate | 42.1% |
| Housing vacancy rate | 0.0% |
| Rent burden 30% or higher | 53.6% |
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 Ballena Bay
Is Ballena Bay one of the best neighborhoods in Alameda?
Ballena Bay has a Best Neighborhoods USA Index of 59.3 and a city ranking of #7 of 13 eligible neighborhoods in Alameda.
How much are homes worth in Ballena Bay?
The current Zillow Home Value Index for Ballena Bay is approximately $1,261,165.
Are home values rising or falling in Ballena Bay?
Zillow neighborhood values changed 1.1% year over year and 0.58% month over month.
What is the Neighborhood Momentum Score for Ballena Bay?
Ballena Bay has a Neighborhood Momentum Score of 65.2. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Ballena Bay?
The NDS-derived neighborhood median household income is approximately $140,364.
How affordable is Ballena Bay relative to household income?
The current Zillow home-value-to-household-income ratio is 8.98. Price-to-income affordability is a major Value Opportunity input.
Is Ballena Bay primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 42.1%.
What is the unemployment rate in Ballena Bay?
The NDS-derived civilian unemployment rate is approximately 9.1%.
How educated are residents of Ballena Bay?
Approximately 71.5% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Ballena Bay face high rent burden?
Approximately 53.6% 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 Ballena Bay?
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 applications3
Origination rate65.2%
Home-purchase share42.0%
Average application loan$694,855
Total application loan amount$4,273,015
National application rank#13,428 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -24.2% YoY; originations -13.5% 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.