What is the Best Neighborhoods USA ranking for Fairlawn?
Fairlawn is ranked #33 of 36 eligible neighborhoods in Waterbury; #148 of 153 eligible neighborhoods in CT; and #13,878 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Fairlawn
Waterbury, CT | New Haven County
Scored premium profile
Best Neighborhoods USA Index
27.4
Stability and Strength
18.2
Value Opportunity
14.2
Momentum
60.4
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Waterbury, CT |
| County | New Haven County |
| National rank | #13,878 of 14,967 |
| State rank | #148 of 153 |
| City rank | #33 of 36 |
| County rank | #54 of 57 |
| National percentile | 7.3 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $299,399 |
| Year-over-year home value change | 2.4% |
| Month-over-month home value change | -0.01% |
| Home value to income ratio | 11.22 |
| Median household income | $26,680 |
| Bachelor's degree or higher | 17.2% |
| Civilian unemployment rate | 9.2% |
| Homeownership rate | 52.9% |
| Housing vacancy rate | 12.2% |
| Rent burden 30% or higher | 70.7% |
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 Fairlawn
Is Fairlawn one of the best neighborhoods in Waterbury?
Fairlawn has a Best Neighborhoods USA Index of 27.4 and a city ranking of #33 of 36 eligible neighborhoods in Waterbury.
How much are homes worth in Fairlawn?
The current Zillow Home Value Index for Fairlawn is approximately $299,399.
Are home values rising or falling in Fairlawn?
Zillow neighborhood values changed 2.4% year over year and -0.01% month over month.
What is the Neighborhood Momentum Score for Fairlawn?
Fairlawn has a Neighborhood Momentum Score of 60.4. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Fairlawn?
The NDS-derived neighborhood median household income is approximately $26,680.
How affordable is Fairlawn relative to household income?
The current Zillow home-value-to-household-income ratio is 11.22. Price-to-income affordability is a major Value Opportunity input.
Is Fairlawn primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 52.9%.
What is the unemployment rate in Fairlawn?
The NDS-derived civilian unemployment rate is approximately 9.2%.
How educated are residents of Fairlawn?
Approximately 17.2% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Fairlawn face high rent burden?
Approximately 70.7% 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 Fairlawn?
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 applications70
Estimated originations39
Home-purchase applications40
Origination rate55.4%
Home-purchase share57.5%
Average application loan$180,925
Total application loan amount$12,723,833
National application rank#5,795 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Trend not published for this geometry comparison
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.