What is the Best Neighborhoods USA ranking for Borough Park?
Borough Park is ranked #170 of 199 eligible neighborhoods in New York; #346 of 418 eligible neighborhoods in NY; and #11,730 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Borough Park
New York, NY | Kings County
Scored premium profile
Best Neighborhoods USA Index
37.5
Stability and Strength
22.1
Value Opportunity
14.8
Momentum
94.0
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | New York, NY |
| County | Kings County |
| National rank | #11,730 of 14,967 |
| State rank | #346 of 418 |
| City rank | #170 of 199 |
| County rank | #40 of 45 |
| National percentile | 21.6 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $2,173,888 |
| Year-over-year home value change | 6.4% |
| Month-over-month home value change | 1.64% |
| Home value to income ratio | 42.26 |
| Median household income | $51,444 |
| Bachelor's degree or higher | 20.5% |
| Civilian unemployment rate | 7.6% |
| Homeownership rate | 26.5% |
| Housing vacancy rate | 13.9% |
| Rent burden 30% or higher | 60.0% |
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 Borough Park
Is Borough Park one of the best neighborhoods in New York?
Borough Park has a Best Neighborhoods USA Index of 37.5 and a city ranking of #170 of 199 eligible neighborhoods in New York.
How much are homes worth in Borough Park?
The current Zillow Home Value Index for Borough Park is approximately $2,173,888.
Are home values rising or falling in Borough Park?
Zillow neighborhood values changed 6.4% year over year and 1.64% month over month.
What is the Neighborhood Momentum Score for Borough Park?
Borough Park has a Neighborhood Momentum Score of 94.0. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Borough Park?
The NDS-derived neighborhood median household income is approximately $51,444.
How affordable is Borough Park relative to household income?
The current Zillow home-value-to-household-income ratio is 42.26. Price-to-income affordability is a major Value Opportunity input.
Is Borough Park primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 26.5%.
What is the unemployment rate in Borough Park?
The NDS-derived civilian unemployment rate is approximately 7.6%.
How educated are residents of Borough Park?
Approximately 20.5% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Borough Park face high rent burden?
Approximately 60.0% 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 Borough 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 applications881
Estimated originations450
Home-purchase applications363
Origination rate51.0%
Home-purchase share41.2%
Average application loan$1,000,896
Total application loan amount$882,281,451
National application rank#218 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 7.4% YoY; originations 12.8% 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.