What is the Best Neighborhoods USA ranking for Hethwood?
Hethwood is ranked #22 of 31 eligible neighborhoods in Blacksburg; #331 of 518 eligible neighborhoods in VA; and #7,957 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Hethwood
Blacksburg, VA | Montgomery County
Scored premium profile
Best Neighborhoods USA Index
49.1
Stability and Strength
44.9
Value Opportunity
42.5
Momentum
65.0
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Blacksburg, VA |
| County | Montgomery County |
| National rank | #7,957 of 14,967 |
| State rank | #331 of 518 |
| City rank | #22 of 31 |
| County rank | #22 of 31 |
| National percentile | 46.8 |
| 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 | $463,638 |
| Year-over-year home value change | 2.8% |
| Month-over-month home value change | 0.05% |
| Home value to income ratio | 7.84 |
| Median household income | $59,124 |
| Bachelor's degree or higher | 77.4% |
| Civilian unemployment rate | 3.2% |
| Homeownership rate | 23.7% |
| Housing vacancy rate | 14.0% |
| Rent burden 30% or higher | 66.9% |
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 Hethwood
Is Hethwood one of the best neighborhoods in Blacksburg?
Hethwood has a Best Neighborhoods USA Index of 49.1 and a city ranking of #22 of 31 eligible neighborhoods in Blacksburg.
How much are homes worth in Hethwood?
The current Zillow Home Value Index for Hethwood is approximately $463,638.
Are home values rising or falling in Hethwood?
Zillow neighborhood values changed 2.8% year over year and 0.05% month over month.
What is the Neighborhood Momentum Score for Hethwood?
Hethwood has a Neighborhood Momentum Score of 65.0. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Hethwood?
The NDS-derived neighborhood median household income is approximately $59,124.
How affordable is Hethwood relative to household income?
The current Zillow home-value-to-household-income ratio is 7.84. Price-to-income affordability is a major Value Opportunity input.
Is Hethwood primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 23.7%.
What is the unemployment rate in Hethwood?
The NDS-derived civilian unemployment rate is approximately 3.2%.
How educated are residents of Hethwood?
Approximately 77.4% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Hethwood face high rent burden?
Approximately 66.9% 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 Hethwood?
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 applications50
Estimated originations30
Home-purchase applications29
Origination rate60.8%
Home-purchase share57.7%
Average application loan$262,360
Total application loan amount$13,127,440
National application rank#7,224 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 7.8% YoY; originations -3.7% 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.