What is the Best Neighborhoods USA ranking for Beacon Light?
Beacon Light is ranked #86 of 114 eligible neighborhoods in Norfolk; #410 of 518 eligible neighborhoods in VA; and #10,246 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Beacon Light
Norfolk, VA | Norfolk City
Scored premium profile
Best Neighborhoods USA Index
42.5
Stability and Strength
33.7
Value Opportunity
40.0
Momentum
59.9
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Norfolk, VA |
| County | Norfolk City |
| National rank | #10,246 of 14,967 |
| State rank | #410 of 518 |
| City rank | #86 of 114 |
| County rank | #86 of 114 |
| National percentile | 31.6 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $253,410 |
| Year-over-year home value change | 1.9% |
| Month-over-month home value change | 0.07% |
| Home value to income ratio | 5.56 |
| Median household income | $45,581 |
| Bachelor's degree or higher | 13.9% |
| Civilian unemployment rate | 1.3% |
| Homeownership rate | 34.5% |
| Housing vacancy rate | 9.7% |
| Rent burden 30% or higher | 57.9% |
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 Beacon Light
Is Beacon Light one of the best neighborhoods in Norfolk?
Beacon Light has a Best Neighborhoods USA Index of 42.5 and a city ranking of #86 of 114 eligible neighborhoods in Norfolk.
How much are homes worth in Beacon Light?
The current Zillow Home Value Index for Beacon Light is approximately $253,410.
Are home values rising or falling in Beacon Light?
Zillow neighborhood values changed 1.9% year over year and 0.07% month over month.
What is the Neighborhood Momentum Score for Beacon Light?
Beacon Light has a Neighborhood Momentum Score of 59.9. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Beacon Light?
The NDS-derived neighborhood median household income is approximately $45,581.
How affordable is Beacon Light relative to household income?
The current Zillow home-value-to-household-income ratio is 5.56. Price-to-income affordability is a major Value Opportunity input.
Is Beacon Light primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 34.5%.
What is the unemployment rate in Beacon Light?
The NDS-derived civilian unemployment rate is approximately 1.3%.
How educated are residents of Beacon Light?
Approximately 13.9% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Beacon Light face high rent burden?
Approximately 57.9% 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 Beacon Light?
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 applications54
Estimated originations29
Home-purchase applications28
Origination rate54.5%
Home-purchase share51.8%
Average application loan$185,774
Total application loan amount$10,029,460
National application rank#6,933 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 4.7% YoY; originations 19.6% 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.