What is the Best Neighborhoods USA ranking for Hanover Park?
Hanover Park is ranked #57 of 185 eligible neighborhoods in Winston-Salem; #188 of 535 eligible neighborhoods in NC; and #5,329 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Hanover Park
Winston-Salem, NC | Forsyth County
Scored premium profile
Best Neighborhoods USA Index
56.2
Stability and Strength
67.4
Value Opportunity
56.5
Momentum
37.9
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Winston-Salem, NC |
| County | Forsyth County |
| National rank | #5,329 of 14,967 |
| State rank | #188 of 535 |
| City rank | #57 of 185 |
| County rank | #58 of 189 |
| National percentile | 64.4 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $411,109 |
| Year-over-year home value change | -0.7% |
| Month-over-month home value change | -0.04% |
| Home value to income ratio | 5.59 |
| Median household income | $73,583 |
| Bachelor's degree or higher | 31.4% |
| Civilian unemployment rate | 0.0% |
| Homeownership rate | 74.8% |
| Housing vacancy rate | 0.1% |
| Rent burden 30% or higher | 21.2% |
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 Hanover Park
Is Hanover Park one of the best neighborhoods in Winston-Salem?
Hanover Park has a Best Neighborhoods USA Index of 56.2 and a city ranking of #57 of 185 eligible neighborhoods in Winston-Salem.
How much are homes worth in Hanover Park?
The current Zillow Home Value Index for Hanover Park is approximately $411,109.
Are home values rising or falling in Hanover Park?
Zillow neighborhood values changed -0.7% year over year and -0.04% month over month.
What is the Neighborhood Momentum Score for Hanover Park?
Hanover Park has a Neighborhood Momentum Score of 37.9. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Hanover Park?
The NDS-derived neighborhood median household income is approximately $73,583.
How affordable is Hanover Park relative to household income?
The current Zillow home-value-to-household-income ratio is 5.59. Price-to-income affordability is a major Value Opportunity input.
Is Hanover Park primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 74.8%.
What is the unemployment rate in Hanover Park?
The NDS-derived civilian unemployment rate is approximately 0.0%.
How educated are residents of Hanover Park?
Approximately 31.4% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Hanover Park face high rent burden?
Approximately 21.2% 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 Hanover Park?
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 applications8
Estimated originations5
Home-purchase applications4
Origination rate56.8%
Home-purchase share49.4%
Average application loan$252,085
Total application loan amount$2,123,485
National application rank#12,890 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 12.0% YoY; originations 5.3% 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.