What is the Best Neighborhoods USA ranking for Devonshire?
Devonshire is ranked #10 of 82 eligible neighborhoods in Indianapolis; #144 of 656 eligible neighborhoods in IN; and #1,895 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Devonshire
Indianapolis, IN | Marion County
Scored premium profile
Best Neighborhoods USA Index
67.5
Stability and Strength
74.9
Value Opportunity
75.8
Momentum
44.0
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 | #1,895 of 14,967 |
| State rank | #144 of 656 |
| City rank | #10 of 82 |
| County rank | #10 of 82 |
| National percentile | 87.3 |
| National band | TOP_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $436,862 |
| Year-over-year home value change | 0.9% |
| Month-over-month home value change | -0.27% |
| Home value to income ratio | 3.64 |
| Median household income | $120,127 |
| Bachelor's degree or higher | 59.3% |
| Civilian unemployment rate | 1.8% |
| Homeownership rate | 76.5% |
| Housing vacancy rate | 6.6% |
| Rent burden 30% or higher | 42.6% |
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 Devonshire
Is Devonshire one of the best neighborhoods in Indianapolis?
Devonshire has a Best Neighborhoods USA Index of 67.5 and a city ranking of #10 of 82 eligible neighborhoods in Indianapolis.
How much are homes worth in Devonshire?
The current Zillow Home Value Index for Devonshire is approximately $436,862.
Are home values rising or falling in Devonshire?
Zillow neighborhood values changed 0.9% year over year and -0.27% month over month.
What is the Neighborhood Momentum Score for Devonshire?
Devonshire has a Neighborhood Momentum Score of 44.0. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Devonshire?
The NDS-derived neighborhood median household income is approximately $120,127.
How affordable is Devonshire relative to household income?
The current Zillow home-value-to-household-income ratio is 3.64. Price-to-income affordability is a major Value Opportunity input.
Is Devonshire primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 76.5%.
What is the unemployment rate in Devonshire?
The NDS-derived civilian unemployment rate is approximately 1.8%.
How educated are residents of Devonshire?
Approximately 59.3% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Devonshire face high rent burden?
Approximately 42.6% 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 Devonshire?
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 applications236
Estimated originations151
Home-purchase applications85
Origination rate64.2%
Home-purchase share36.2%
Average application loan$254,230
Total application loan amount$59,931,390
National application rank#1,662 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 19.2% YoY; originations 25.9% 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.