What is the Best Neighborhoods USA ranking for Elm Park?
Elm Park is ranked #142 of 199 eligible neighborhoods in New York; #285 of 418 eligible neighborhoods in NY; and #9,692 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Elm Park
New York, NY | Richmond County
Scored premium profile
Best Neighborhoods USA Index
44.1
Stability and Strength
32.1
Value Opportunity
27.8
Momentum
86.0
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | New York, NY |
| County | Richmond County |
| National rank | #9,692 of 14,967 |
| State rank | #285 of 418 |
| City rank | #142 of 199 |
| County rank | #46 of 50 |
| National percentile | 35.2 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $630,402 |
| Year-over-year home value change | 4.9% |
| Month-over-month home value change | 0.55% |
| Home value to income ratio | 8.95 |
| Median household income | $70,453 |
| Bachelor's degree or higher | 27.9% |
| Civilian unemployment rate | 9.8% |
| Homeownership rate | 59.1% |
| Housing vacancy rate | 8.8% |
| Rent burden 30% or higher | 85.3% |
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 Elm Park
Is Elm Park one of the best neighborhoods in New York?
Elm Park has a Best Neighborhoods USA Index of 44.1 and a city ranking of #142 of 199 eligible neighborhoods in New York.
How much are homes worth in Elm Park?
The current Zillow Home Value Index for Elm Park is approximately $630,402.
Are home values rising or falling in Elm Park?
Zillow neighborhood values changed 4.9% year over year and 0.55% month over month.
What is the Neighborhood Momentum Score for Elm Park?
Elm Park has a Neighborhood Momentum Score of 86.0. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Elm Park?
The NDS-derived neighborhood median household income is approximately $70,453.
How affordable is Elm Park relative to household income?
The current Zillow home-value-to-household-income ratio is 8.95. Price-to-income affordability is a major Value Opportunity input.
Is Elm Park primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 59.1%.
What is the unemployment rate in Elm Park?
The NDS-derived civilian unemployment rate is approximately 9.8%.
How educated are residents of Elm Park?
Approximately 27.9% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Elm Park face high rent burden?
Approximately 85.3% 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 Elm 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 applications55
Estimated originations32
Home-purchase applications26
Origination rate57.8%
Home-purchase share46.7%
Average application loan$335,318
Total application loan amount$18,390,210
National application rank#6,874 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 4.8% YoY; originations 27.4% 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.