What is the Best Neighborhoods USA ranking for East Ocean View?
East Ocean View is ranked #51 of 114 eligible neighborhoods in Norfolk; #303 of 518 eligible neighborhoods in VA; and #7,331 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
East Ocean View
Norfolk, VA | Norfolk City
Scored premium profile
Best Neighborhoods USA Index
50.8
Stability and Strength
50.8
Value Opportunity
42.8
Momentum
62.0
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 | #7,331 of 14,967 |
| State rank | #303 of 518 |
| City rank | #51 of 114 |
| County rank | #51 of 114 |
| National percentile | 51.0 |
| National band | MIDDLE_50_PERCENT |
Neighborhood Expert Opportunity
Become the Neighborhood Expert for this market
Inquire about this marketUnsold commercial placement. No local expert is currently assigned.
Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $658,904 |
| Year-over-year home value change | 0.7% |
| Month-over-month home value change | 0.52% |
| Home value to income ratio | 7.69 |
| Median household income | $85,668 |
| Bachelor's degree or higher | 47.5% |
| Civilian unemployment rate | 3.2% |
| Homeownership rate | 45.5% |
| Housing vacancy rate | 15.5% |
| Rent burden 30% or higher | 52.9% |
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 East Ocean View
Is East Ocean View one of the best neighborhoods in Norfolk?
East Ocean View has a Best Neighborhoods USA Index of 50.8 and a city ranking of #51 of 114 eligible neighborhoods in Norfolk.
How much are homes worth in East Ocean View?
The current Zillow Home Value Index for East Ocean View is approximately $658,904.
Are home values rising or falling in East Ocean View?
Zillow neighborhood values changed 0.7% year over year and 0.52% month over month.
What is the Neighborhood Momentum Score for East Ocean View?
East Ocean View has a Neighborhood Momentum Score of 62.0. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in East Ocean View?
The NDS-derived neighborhood median household income is approximately $85,668.
How affordable is East Ocean View relative to household income?
The current Zillow home-value-to-household-income ratio is 7.69. Price-to-income affordability is a major Value Opportunity input.
Is East Ocean View primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 45.5%.
What is the unemployment rate in East Ocean View?
The NDS-derived civilian unemployment rate is approximately 3.2%.
How educated are residents of East Ocean View?
Approximately 47.5% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in East Ocean View face high rent burden?
Approximately 52.9% 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 East Ocean View?
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 applications366
Estimated originations224
Home-purchase applications209
Origination rate61.1%
Home-purchase share57.1%
Average application loan$439,252
Total application loan amount$160,712,024
National application rank#886 of 14,874 rankable neighborhoods
Geometry coverage95.4%
Recent trend: Applications 19.1% YoY; originations 19.7% 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.