What is the Best Neighborhoods USA ranking for Ellet?
Ellet is ranked #6 of 21 eligible neighborhoods in Akron; #191 of 481 eligible neighborhoods in OH; and #7,107 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Ellet
Akron, OH | Summit County
Scored premium profile
Best Neighborhoods USA Index
51.5
Stability and Strength
40.5
Value Opportunity
56.8
Momentum
61.5
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Akron, OH |
| County | Summit County |
| National rank | #7,107 of 14,967 |
| State rank | #191 of 481 |
| City rank | #6 of 21 |
| County rank | #6 of 21 |
| National percentile | 52.5 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $169,229 |
| Year-over-year home value change | 3.1% |
| Month-over-month home value change | -0.12% |
| Home value to income ratio | 2.64 |
| Median household income | $64,155 |
| Bachelor's degree or higher | 18.4% |
| Civilian unemployment rate | 8.3% |
| Homeownership rate | 66.6% |
| Housing vacancy rate | 5.0% |
| Rent burden 30% or higher | 36.7% |
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 Ellet
Is Ellet one of the best neighborhoods in Akron?
Ellet has a Best Neighborhoods USA Index of 51.5 and a city ranking of #6 of 21 eligible neighborhoods in Akron.
How much are homes worth in Ellet?
The current Zillow Home Value Index for Ellet is approximately $169,229.
Are home values rising or falling in Ellet?
Zillow neighborhood values changed 3.1% year over year and -0.12% month over month.
What is the Neighborhood Momentum Score for Ellet?
Ellet has a Neighborhood Momentum Score of 61.5. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Ellet?
The NDS-derived neighborhood median household income is approximately $64,155.
How affordable is Ellet relative to household income?
The current Zillow home-value-to-household-income ratio is 2.64. Price-to-income affordability is a major Value Opportunity input.
Is Ellet primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 66.6%.
What is the unemployment rate in Ellet?
The NDS-derived civilian unemployment rate is approximately 8.3%.
How educated are residents of Ellet?
Approximately 18.4% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Ellet face high rent burden?
Approximately 36.7% 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 Ellet?
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 applications595
Estimated originations364
Home-purchase applications302
Origination rate61.2%
Home-purchase share50.7%
Average application loan$127,161
Total application loan amount$75,690,776
National application rank#423 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 10.8% YoY; originations 13.8% 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.