What is the Best Neighborhoods USA ranking for Belvedere?
Belvedere is ranked #11 of 32 eligible neighborhoods in Portsmouth; #172 of 518 eligible neighborhoods in VA; and #4,075 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Belvedere
Portsmouth, VA | Portsmouth City
Scored premium profile
Best Neighborhoods USA Index
59.9
Stability and Strength
50.7
Value Opportunity
63.2
Momentum
70.2
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Portsmouth, VA |
| County | Portsmouth City |
| National rank | #4,075 of 14,967 |
| State rank | #172 of 518 |
| City rank | #11 of 32 |
| County rank | #11 of 32 |
| National percentile | 72.8 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $353,855 |
| Year-over-year home value change | 2.8% |
| Month-over-month home value change | 0.26% |
| Home value to income ratio | 3.54 |
| Median household income | $99,994 |
| Bachelor's degree or higher | 35.4% |
| Civilian unemployment rate | 10.4% |
| Homeownership rate | 81.8% |
| Housing vacancy rate | 0.1% |
| Rent burden 30% or higher | 78.9% |
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 Belvedere
Is Belvedere one of the best neighborhoods in Portsmouth?
Belvedere has a Best Neighborhoods USA Index of 59.9 and a city ranking of #11 of 32 eligible neighborhoods in Portsmouth.
How much are homes worth in Belvedere?
The current Zillow Home Value Index for Belvedere is approximately $353,855.
Are home values rising or falling in Belvedere?
Zillow neighborhood values changed 2.8% year over year and 0.26% month over month.
What is the Neighborhood Momentum Score for Belvedere?
Belvedere has a Neighborhood Momentum Score of 70.2. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Belvedere?
The NDS-derived neighborhood median household income is approximately $99,994.
How affordable is Belvedere relative to household income?
The current Zillow home-value-to-household-income ratio is 3.54. Price-to-income affordability is a major Value Opportunity input.
Is Belvedere primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 81.8%.
What is the unemployment rate in Belvedere?
The NDS-derived civilian unemployment rate is approximately 10.4%.
How educated are residents of Belvedere?
Approximately 35.4% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Belvedere face high rent burden?
Approximately 78.9% 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 Belvedere?
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 applications75
Estimated originations47
Home-purchase applications37
Origination rate61.9%
Home-purchase share49.4%
Average application loan$226,392
Total application loan amount$17,023,175
National application rank#5,496 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 29.8% YoY; originations 22.3% 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.