What is the Best Neighborhoods USA ranking for Great Neck?
Great Neck is ranked #12 of 29 eligible neighborhoods in Virginia Beach; #98 of 518 eligible neighborhoods in VA; and #2,212 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Great Neck
Virginia Beach, VA | Virginia Beach City
Scored premium profile
Best Neighborhoods USA Index
66.2
Stability and Strength
64.2
Value Opportunity
55.3
Momentum
84.4
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Virginia Beach, VA |
| County | Virginia Beach City |
| National rank | #2,212 of 14,967 |
| State rank | #98 of 518 |
| City rank | #12 of 29 |
| County rank | #12 of 29 |
| National percentile | 85.2 |
| National band | TOP_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $640,895 |
| Year-over-year home value change | 4.8% |
| Month-over-month home value change | 0.45% |
| Home value to income ratio | 6.37 |
| Median household income | $100,565 |
| Bachelor's degree or higher | 47.4% |
| Civilian unemployment rate | 2.6% |
| Homeownership rate | 62.4% |
| Housing vacancy rate | 4.3% |
| Rent burden 30% or higher | 51.0% |
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 Great Neck
Is Great Neck one of the best neighborhoods in Virginia Beach?
Great Neck has a Best Neighborhoods USA Index of 66.2 and a city ranking of #12 of 29 eligible neighborhoods in Virginia Beach.
How much are homes worth in Great Neck?
The current Zillow Home Value Index for Great Neck is approximately $640,895.
Are home values rising or falling in Great Neck?
Zillow neighborhood values changed 4.8% year over year and 0.45% month over month.
What is the Neighborhood Momentum Score for Great Neck?
Great Neck has a Neighborhood Momentum Score of 84.4. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Great Neck?
The NDS-derived neighborhood median household income is approximately $100,565.
How affordable is Great Neck relative to household income?
The current Zillow home-value-to-household-income ratio is 6.37. Price-to-income affordability is a major Value Opportunity input.
Is Great Neck primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 62.4%.
What is the unemployment rate in Great Neck?
The NDS-derived civilian unemployment rate is approximately 2.6%.
How educated are residents of Great Neck?
Approximately 47.4% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Great Neck face high rent burden?
Approximately 51.0% 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 Great Neck?
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 applications832
Estimated originations522
Home-purchase applications359
Origination rate62.7%
Home-purchase share43.1%
Average application loan$379,394
Total application loan amount$315,596,711
National application rank#243 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 19.8% YoY; originations 22.9% 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.