What is the Best Neighborhoods USA ranking for Lochhaven?
Lochhaven is ranked #45 of 114 eligible neighborhoods in Norfolk; #274 of 518 eligible neighborhoods in VA; and #6,482 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Lochhaven
Norfolk, VA | Norfolk City
Scored premium profile
Best Neighborhoods USA Index
53.1
Stability and Strength
59.8
Value Opportunity
42.9
Momentum
56.7
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 | #6,482 of 14,967 |
| State rank | #274 of 518 |
| City rank | #45 of 114 |
| County rank | #45 of 114 |
| National percentile | 56.7 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $843,284 |
| Year-over-year home value change | 0.5% |
| Month-over-month home value change | 0.31% |
| Home value to income ratio | 7.50 |
| Median household income | $112,454 |
| Bachelor's degree or higher | 53.8% |
| Civilian unemployment rate | 18.8% |
| Homeownership rate | 85.6% |
| Housing vacancy rate | 5.8% |
| Rent burden 30% or higher | 37.7% |
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 Lochhaven
Is Lochhaven one of the best neighborhoods in Norfolk?
Lochhaven has a Best Neighborhoods USA Index of 53.1 and a city ranking of #45 of 114 eligible neighborhoods in Norfolk.
How much are homes worth in Lochhaven?
The current Zillow Home Value Index for Lochhaven is approximately $843,284.
Are home values rising or falling in Lochhaven?
Zillow neighborhood values changed 0.5% year over year and 0.31% month over month.
What is the Neighborhood Momentum Score for Lochhaven?
Lochhaven has a Neighborhood Momentum Score of 56.7. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Lochhaven?
The NDS-derived neighborhood median household income is approximately $112,454.
How affordable is Lochhaven relative to household income?
The current Zillow home-value-to-household-income ratio is 7.50. Price-to-income affordability is a major Value Opportunity input.
Is Lochhaven primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 85.6%.
What is the unemployment rate in Lochhaven?
The NDS-derived civilian unemployment rate is approximately 18.8%.
How educated are residents of Lochhaven?
Approximately 53.8% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Lochhaven face high rent burden?
Approximately 37.7% 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 Lochhaven?
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 applications32
Estimated originations18
Home-purchase applications15
Origination rate57.1%
Home-purchase share48.6%
Average application loan$393,845
Total application loan amount$12,526,992
National application rank#9,014 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 12.9% YoY; originations 3.8% 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.