What is the Best Neighborhoods USA ranking for Elma Center?
Elma Center is ranked No published Elma rank is currently available; #76 of 418 eligible neighborhoods in NY; and #2,868 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Elma Center
Elma, NY | Erie County
Scored premium profile
Best Neighborhoods USA Index
63.7
Stability and Strength
60.9
Value Opportunity
60.4
Momentum
72.7
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Elma, NY |
| County | Erie County |
| National rank | #2,868 of 14,967 |
| State rank | #76 of 418 |
| City rank | Not available |
| County rank | #6 of 54 |
| National percentile | 80.8 |
| National band | TOP_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $477,706 |
| Year-over-year home value change | 4.3% |
| Month-over-month home value change | 0.04% |
| Home value to income ratio | 4.38 |
| Median household income | $109,040 |
| Bachelor's degree or higher | 50.0% |
| Civilian unemployment rate | 5.2% |
| Homeownership rate | 83.6% |
| Housing vacancy rate | 9.3% |
| Rent burden 30% or higher | 54.9% |
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 Elma Center
Is Elma Center one of the best neighborhoods in Elma?
Elma Center has a Best Neighborhoods USA Index of 63.7 and a city ranking of No published Elma rank is currently available.
How much are homes worth in Elma Center?
The current Zillow Home Value Index for Elma Center is approximately $477,706.
Are home values rising or falling in Elma Center?
Zillow neighborhood values changed 4.3% year over year and 0.04% month over month.
What is the Neighborhood Momentum Score for Elma Center?
Elma Center has a Neighborhood Momentum Score of 72.7. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Elma Center?
The NDS-derived neighborhood median household income is approximately $109,040.
How affordable is Elma Center relative to household income?
The current Zillow home-value-to-household-income ratio is 4.38. Price-to-income affordability is a major Value Opportunity input.
Is Elma Center primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 83.6%.
What is the unemployment rate in Elma Center?
The NDS-derived civilian unemployment rate is approximately 5.2%.
How educated are residents of Elma Center?
Approximately 50.0% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Elma Center face high rent burden?
Approximately 54.9% 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 Elma Center?
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 applications56
Estimated originations39
Home-purchase applications21
Origination rate68.6%
Home-purchase share37.8%
Average application loan$223,448
Total application loan amount$12,611,742
National application rank#6,759 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -0.5% YoY; originations 11.5% 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.