What is the Best Neighborhoods USA ranking for Gravel Hill?
Gravel Hill is ranked #15 of 113 eligible neighborhoods in Richmond; #36 of 518 eligible neighborhoods in VA; and #1,034 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Gravel Hill
Richmond, VA | Richmond City
Scored premium profile
Best Neighborhoods USA Index
71.9
Stability and Strength
71.8
Value Opportunity
70.2
Momentum
74.5
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Richmond, VA |
| County | Richmond City |
| National rank | #1,034 of 14,967 |
| State rank | #36 of 518 |
| City rank | #15 of 113 |
| County rank | #15 of 113 |
| National percentile | 93.1 |
| National band | TOP_10_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $381,987 |
| Year-over-year home value change | 2.8% |
| Month-over-month home value change | 0.46% |
| Home value to income ratio | 4.15 |
| Median household income | $91,958 |
| Bachelor's degree or higher | 54.3% |
| Civilian unemployment rate | 2.3% |
| Homeownership rate | 76.3% |
| Housing vacancy rate | 1.1% |
| Rent burden 30% or higher | 42.0% |
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 Gravel Hill
Is Gravel Hill one of the best neighborhoods in Richmond?
Gravel Hill has a Best Neighborhoods USA Index of 71.9 and a city ranking of #15 of 113 eligible neighborhoods in Richmond.
How much are homes worth in Gravel Hill?
The current Zillow Home Value Index for Gravel Hill is approximately $381,987.
Are home values rising or falling in Gravel Hill?
Zillow neighborhood values changed 2.8% year over year and 0.46% month over month.
What is the Neighborhood Momentum Score for Gravel Hill?
Gravel Hill has a Neighborhood Momentum Score of 74.5. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Gravel Hill?
The NDS-derived neighborhood median household income is approximately $91,958.
How affordable is Gravel Hill relative to household income?
The current Zillow home-value-to-household-income ratio is 4.15. Price-to-income affordability is a major Value Opportunity input.
Is Gravel Hill primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 76.3%.
What is the unemployment rate in Gravel Hill?
The NDS-derived civilian unemployment rate is approximately 2.3%.
How educated are residents of Gravel Hill?
Approximately 54.3% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Gravel Hill face high rent burden?
Approximately 42.0% 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 Gravel Hill?
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 applications38
Estimated originations25
Home-purchase applications16
Origination rate66.2%
Home-purchase share41.7%
Average application loan$289,964
Total application loan amount$11,004,644
National application rank#8,342 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 28.3% YoY; originations 36.5% 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.