What is the Best Neighborhoods USA ranking for Oceana?
Oceana is ranked #29 of 29 eligible neighborhoods in Virginia Beach; #459 of 518 eligible neighborhoods in VA; and #12,106 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Oceana
Virginia Beach, VA | Virginia Beach City
Scored premium profile
Best Neighborhoods USA Index
36.1
Stability and Strength
28.3
Value Opportunity
31.7
Momentum
54.7
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Virginia Beach, VA |
| County | Virginia Beach City |
| National rank | #12,106 of 14,967 |
| State rank | #459 of 518 |
| City rank | #29 of 29 |
| County rank | #29 of 29 |
| National percentile | 19.1 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $329,770 |
| Year-over-year home value change | 0.6% |
| Month-over-month home value change | 0.20% |
| Home value to income ratio | 6.22 |
| Median household income | $53,022 |
| Bachelor's degree or higher | 22.4% |
| Civilian unemployment rate | 5.2% |
| Homeownership rate | 29.9% |
| Housing vacancy rate | 18.3% |
| Rent burden 30% or higher | 51.1% |
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 Oceana
Is Oceana one of the best neighborhoods in Virginia Beach?
Oceana has a Best Neighborhoods USA Index of 36.1 and a city ranking of #29 of 29 eligible neighborhoods in Virginia Beach.
How much are homes worth in Oceana?
The current Zillow Home Value Index for Oceana is approximately $329,770.
Are home values rising or falling in Oceana?
Zillow neighborhood values changed 0.6% year over year and 0.20% month over month.
What is the Neighborhood Momentum Score for Oceana?
Oceana has a Neighborhood Momentum Score of 54.7. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Oceana?
The NDS-derived neighborhood median household income is approximately $53,022.
How affordable is Oceana relative to household income?
The current Zillow home-value-to-household-income ratio is 6.22. Price-to-income affordability is a major Value Opportunity input.
Is Oceana primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 29.9%.
What is the unemployment rate in Oceana?
The NDS-derived civilian unemployment rate is approximately 5.2%.
How educated are residents of Oceana?
Approximately 22.4% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Oceana face high rent burden?
Approximately 51.1% 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 Oceana?
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 applications73
Estimated originations46
Home-purchase applications38
Origination rate62.6%
Home-purchase share51.5%
Average application loan$280,551
Total application loan amount$20,462,141
National application rank#5,625 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -5.7% YoY; originations 7.0% 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.