What is the Best Neighborhoods USA ranking for Lamberts Point?
Lamberts Point is ranked #102 of 114 eligible neighborhoods in Norfolk; #474 of 518 eligible neighborhoods in VA; and #12,625 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Lamberts Point
Norfolk, VA | Norfolk City
Scored premium profile
Best Neighborhoods USA Index
34.0
Stability and Strength
23.0
Value Opportunity
25.5
Momentum
63.6
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 | #12,625 of 14,967 |
| State rank | #474 of 518 |
| City rank | #102 of 114 |
| County rank | #102 of 114 |
| National percentile | 15.6 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $309,277 |
| Year-over-year home value change | 2.5% |
| Month-over-month home value change | 0.07% |
| Home value to income ratio | 8.55 |
| Median household income | $36,164 |
| Bachelor's degree or higher | 33.6% |
| Civilian unemployment rate | 7.7% |
| Homeownership rate | 26.2% |
| Housing vacancy rate | 7.9% |
| Rent burden 30% or higher | 75.3% |
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 Lamberts Point
Is Lamberts Point one of the best neighborhoods in Norfolk?
Lamberts Point has a Best Neighborhoods USA Index of 34.0 and a city ranking of #102 of 114 eligible neighborhoods in Norfolk.
How much are homes worth in Lamberts Point?
The current Zillow Home Value Index for Lamberts Point is approximately $309,277.
Are home values rising or falling in Lamberts Point?
Zillow neighborhood values changed 2.5% year over year and 0.07% month over month.
What is the Neighborhood Momentum Score for Lamberts Point?
Lamberts Point has a Neighborhood Momentum Score of 63.6. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Lamberts Point?
The NDS-derived neighborhood median household income is approximately $36,164.
How affordable is Lamberts Point relative to household income?
The current Zillow home-value-to-household-income ratio is 8.55. Price-to-income affordability is a major Value Opportunity input.
Is Lamberts Point primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 26.2%.
What is the unemployment rate in Lamberts Point?
The NDS-derived civilian unemployment rate is approximately 7.7%.
How educated are residents of Lamberts Point?
Approximately 33.6% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Lamberts Point face high rent burden?
Approximately 75.3% 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 Lamberts Point?
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 applications49
Estimated originations26
Home-purchase applications33
Origination rate53.7%
Home-purchase share67.2%
Average application loan$271,472
Total application loan amount$13,175,785
National application rank#7,351 of 14,874 rankable neighborhoods
Geometry coverage96.9%
Recent trend: Applications 15.5% YoY; originations 20.0% 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.