What is the Best Neighborhoods USA ranking for Broad Bay Colony?
Broad Bay Colony is ranked #1 of 29 eligible neighborhoods in Virginia Beach; #14 of 518 eligible neighborhoods in VA; and #472 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Broad Bay Colony
Virginia Beach, VA | Virginia Beach City
Scored premium profile
Best Neighborhoods USA Index
76.6
Stability and Strength
86.3
Value Opportunity
65.2
Momentum
77.0
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 | #472 of 14,967 |
| State rank | #14 of 518 |
| City rank | #1 of 29 |
| County rank | #1 of 29 |
| National percentile | 96.9 |
| National band | TOP_5_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $1,418,274 |
| Year-over-year home value change | 5.7% |
| Month-over-month home value change | 0.03% |
| Home value to income ratio | 6.26 |
| Median household income | $226,621 |
| Bachelor's degree or higher | 72.3% |
| Civilian unemployment rate | 1.2% |
| Homeownership rate | 96.3% |
| Housing vacancy rate | 8.9% |
| Rent burden 30% or higher | 38.1% |
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 Broad Bay Colony
Is Broad Bay Colony one of the best neighborhoods in Virginia Beach?
Broad Bay Colony has a Best Neighborhoods USA Index of 76.6 and a city ranking of #1 of 29 eligible neighborhoods in Virginia Beach.
How much are homes worth in Broad Bay Colony?
The current Zillow Home Value Index for Broad Bay Colony is approximately $1,418,274.
Are home values rising or falling in Broad Bay Colony?
Zillow neighborhood values changed 5.7% year over year and 0.03% month over month.
What is the Neighborhood Momentum Score for Broad Bay Colony?
Broad Bay Colony has a Neighborhood Momentum Score of 77.0. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Broad Bay Colony?
The NDS-derived neighborhood median household income is approximately $226,621.
How affordable is Broad Bay Colony relative to household income?
The current Zillow home-value-to-household-income ratio is 6.26. Price-to-income affordability is a major Value Opportunity input.
Is Broad Bay Colony primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 96.3%.
What is the unemployment rate in Broad Bay Colony?
The NDS-derived civilian unemployment rate is approximately 1.2%.
How educated are residents of Broad Bay Colony?
Approximately 72.3% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Broad Bay Colony face high rent burden?
Approximately 38.1% 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 Broad Bay Colony?
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 applications73
Estimated originations49
Home-purchase applications25
Origination rate66.5%
Home-purchase share34.2%
Average application loan$405,438
Total application loan amount$29,681,395
National application rank#5,606 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -5.1% YoY; originations 0.1% 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.