What is the Best Neighborhoods USA ranking for Greenwood?
Greenwood is ranked #21 of 114 eligible neighborhoods in Norfolk; #136 of 518 eligible neighborhoods in VA; and #3,128 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Greenwood
Norfolk, VA | Norfolk City
Scored premium profile
Best Neighborhoods USA Index
62.8
Stability and Strength
54.3
Value Opportunity
64.7
Momentum
73.8
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 | #3,128 of 14,967 |
| State rank | #136 of 518 |
| City rank | #21 of 114 |
| County rank | #21 of 114 |
| National percentile | 79.1 |
| National band | TOP_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $287,275 |
| Year-over-year home value change | 2.2% |
| Month-over-month home value change | 0.72% |
| Home value to income ratio | 3.68 |
| Median household income | $78,026 |
| Bachelor's degree or higher | 20.9% |
| Civilian unemployment rate | 1.7% |
| Homeownership rate | 76.5% |
| Housing vacancy rate | 1.5% |
| Rent burden 30% or higher | 72.5% |
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 Greenwood
Is Greenwood one of the best neighborhoods in Norfolk?
Greenwood has a Best Neighborhoods USA Index of 62.8 and a city ranking of #21 of 114 eligible neighborhoods in Norfolk.
How much are homes worth in Greenwood?
The current Zillow Home Value Index for Greenwood is approximately $287,275.
Are home values rising or falling in Greenwood?
Zillow neighborhood values changed 2.2% year over year and 0.72% month over month.
What is the Neighborhood Momentum Score for Greenwood?
Greenwood has a Neighborhood Momentum Score of 73.8. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Greenwood?
The NDS-derived neighborhood median household income is approximately $78,026.
How affordable is Greenwood relative to household income?
The current Zillow home-value-to-household-income ratio is 3.68. Price-to-income affordability is a major Value Opportunity input.
Is Greenwood primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 76.5%.
What is the unemployment rate in Greenwood?
The NDS-derived civilian unemployment rate is approximately 1.7%.
How educated are residents of Greenwood?
Approximately 20.9% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Greenwood face high rent burden?
Approximately 72.5% 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 Greenwood?
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 applications66
Estimated originations39
Home-purchase applications30
Origination rate58.9%
Home-purchase share45.2%
Average application loan$206,679
Total application loan amount$13,638,001
National application rank#6,092 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 26.3% YoY; originations 33.8% 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.