What is the Best Neighborhoods USA ranking for Chestnut Hill?
Chestnut Hill is ranked #12 of 140 eligible neighborhoods in Philadelphia; #58 of 382 eligible neighborhoods in PA; and #2,202 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Chestnut Hill
Philadelphia, PA | Philadelphia County
Scored premium profile
Best Neighborhoods USA Index
66.2
Stability and Strength
64.2
Value Opportunity
50.4
Momentum
91.4
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Philadelphia, PA |
| County | Philadelphia County |
| National rank | #2,202 of 14,967 |
| State rank | #58 of 382 |
| City rank | #12 of 140 |
| County rank | #12 of 140 |
| National percentile | 85.3 |
| National band | TOP_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $1,096,611 |
| Year-over-year home value change | 7.3% |
| Month-over-month home value change | 0.52% |
| Home value to income ratio | 9.23 |
| Median household income | $118,813 |
| Bachelor's degree or higher | 77.9% |
| Civilian unemployment rate | 4.6% |
| Homeownership rate | 52.9% |
| Housing vacancy rate | 7.0% |
| Rent burden 30% or higher | 55.6% |
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 Chestnut Hill
Is Chestnut Hill one of the best neighborhoods in Philadelphia?
Chestnut Hill has a Best Neighborhoods USA Index of 66.2 and a city ranking of #12 of 140 eligible neighborhoods in Philadelphia.
How much are homes worth in Chestnut Hill?
The current Zillow Home Value Index for Chestnut Hill is approximately $1,096,611.
Are home values rising or falling in Chestnut Hill?
Zillow neighborhood values changed 7.3% year over year and 0.52% month over month.
What is the Neighborhood Momentum Score for Chestnut Hill?
Chestnut Hill has a Neighborhood Momentum Score of 91.4. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Chestnut Hill?
The NDS-derived neighborhood median household income is approximately $118,813.
How affordable is Chestnut Hill relative to household income?
The current Zillow home-value-to-household-income ratio is 9.23. Price-to-income affordability is a major Value Opportunity input.
Is Chestnut Hill primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 52.9%.
What is the unemployment rate in Chestnut Hill?
The NDS-derived civilian unemployment rate is approximately 4.6%.
How educated are residents of Chestnut Hill?
Approximately 77.9% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Chestnut Hill face high rent burden?
Approximately 55.6% 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 Chestnut Hill?
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 applications239
Estimated originations140
Home-purchase applications107
Origination rate58.8%
Home-purchase share44.8%
Average application loan$543,664
Total application loan amount$129,671,675
National application rank#1,637 of 14,874 rankable neighborhoods
Geometry coverage99.2%
Recent trend: Applications -2.3% YoY; originations -14.0% 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.