What is the Best Neighborhoods USA ranking for Grandy Village?
Grandy Village is ranked #101 of 114 eligible neighborhoods in Norfolk; #463 of 518 eligible neighborhoods in VA; and #12,312 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Grandy Village
Norfolk, VA | Norfolk City
Scored premium profile
Best Neighborhoods USA Index
35.3
Stability and Strength
37.1
Value Opportunity
32.4
Momentum
36.3
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 | #12,312 of 14,967 |
| State rank | #463 of 518 |
| City rank | #101 of 114 |
| County rank | #101 of 114 |
| National percentile | 17.7 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $375,448 |
| Year-over-year home value change | -0.1% |
| Month-over-month home value change | -0.30% |
| Home value to income ratio | 8.29 |
| Median household income | $45,316 |
| Bachelor's degree or higher | 26.7% |
| Civilian unemployment rate | 5.6% |
| Homeownership rate | 17.2% |
| Housing vacancy rate | 1.0% |
| Rent burden 30% or higher | 28.1% |
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 Grandy Village
Is Grandy Village one of the best neighborhoods in Norfolk?
Grandy Village has a Best Neighborhoods USA Index of 35.3 and a city ranking of #101 of 114 eligible neighborhoods in Norfolk.
How much are homes worth in Grandy Village?
The current Zillow Home Value Index for Grandy Village is approximately $375,448.
Are home values rising or falling in Grandy Village?
Zillow neighborhood values changed -0.1% year over year and -0.30% month over month.
What is the Neighborhood Momentum Score for Grandy Village?
Grandy Village has a Neighborhood Momentum Score of 36.3. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Grandy Village?
The NDS-derived neighborhood median household income is approximately $45,316.
How affordable is Grandy Village relative to household income?
The current Zillow home-value-to-household-income ratio is 8.29. Price-to-income affordability is a major Value Opportunity input.
Is Grandy Village primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 17.2%.
What is the unemployment rate in Grandy Village?
The NDS-derived civilian unemployment rate is approximately 5.6%.
How educated are residents of Grandy Village?
Approximately 26.7% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Grandy Village face high rent burden?
Approximately 28.1% 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 Grandy Village?
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 applications62
Estimated originations30
Home-purchase applications22
Origination rate48.8%
Home-purchase share35.9%
Average application loan$232,307
Total application loan amount$14,457,290
National application rank#6,341 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 12.5% YoY; originations 14.1% 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.