What is the Best Neighborhoods USA ranking for Broad Ripple?
Broad Ripple is ranked #3 of 82 eligible neighborhoods in Indianapolis; #72 of 656 eligible neighborhoods in IN; and #827 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Broad Ripple
Indianapolis, IN | Marion County
Scored premium profile
Best Neighborhoods USA Index
73.4
Stability and Strength
76.1
Value Opportunity
81.3
Momentum
57.9
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Indianapolis, IN |
| County | Marion County |
| National rank | #827 of 14,967 |
| State rank | #72 of 656 |
| City rank | #3 of 82 |
| County rank | #3 of 82 |
| National percentile | 94.5 |
| National band | TOP_10_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $359,974 |
| Year-over-year home value change | 1.1% |
| Month-over-month home value change | 0.19% |
| Home value to income ratio | 3.17 |
| Median household income | $113,706 |
| Bachelor's degree or higher | 76.3% |
| Civilian unemployment rate | 2.2% |
| Homeownership rate | 62.3% |
| Housing vacancy rate | 5.2% |
| Rent burden 30% or higher | 33.5% |
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 Broad Ripple
Is Broad Ripple one of the best neighborhoods in Indianapolis?
Broad Ripple has a Best Neighborhoods USA Index of 73.4 and a city ranking of #3 of 82 eligible neighborhoods in Indianapolis.
How much are homes worth in Broad Ripple?
The current Zillow Home Value Index for Broad Ripple is approximately $359,974.
Are home values rising or falling in Broad Ripple?
Zillow neighborhood values changed 1.1% year over year and 0.19% month over month.
What is the Neighborhood Momentum Score for Broad Ripple?
Broad Ripple has a Neighborhood Momentum Score of 57.9. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Broad Ripple?
The NDS-derived neighborhood median household income is approximately $113,706.
How affordable is Broad Ripple relative to household income?
The current Zillow home-value-to-household-income ratio is 3.17. Price-to-income affordability is a major Value Opportunity input.
Is Broad Ripple primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 62.3%.
What is the unemployment rate in Broad Ripple?
The NDS-derived civilian unemployment rate is approximately 2.2%.
How educated are residents of Broad Ripple?
Approximately 76.3% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Broad Ripple face high rent burden?
Approximately 33.5% 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 Broad Ripple?
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 applications320
Estimated originations226
Home-purchase applications177
Origination rate70.7%
Home-purchase share55.3%
Average application loan$262,026
Total application loan amount$83,789,077
National application rank#1,077 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 5.1% YoY; originations 17.5% 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.