What is the Best Neighborhoods USA ranking for Shea Terrace?
Shea Terrace is ranked #19 of 32 eligible neighborhoods in Portsmouth; #302 of 518 eligible neighborhoods in VA; and #7,321 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Shea Terrace
Portsmouth, VA | Portsmouth City
Scored premium profile
Best Neighborhoods USA Index
50.9
Stability and Strength
48.1
Value Opportunity
62.4
Momentum
39.1
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Portsmouth, VA |
| County | Portsmouth City |
| National rank | #7,321 of 14,967 |
| State rank | #302 of 518 |
| City rank | #19 of 32 |
| County rank | #19 of 32 |
| National percentile | 51.1 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $258,510 |
| Year-over-year home value change | -2.2% |
| Month-over-month home value change | 0.43% |
| Home value to income ratio | 3.07 |
| Median household income | $84,198 |
| Bachelor's degree or higher | 30.8% |
| Civilian unemployment rate | 5.3% |
| Homeownership rate | 75.8% |
| Housing vacancy rate | 8.4% |
| Rent burden 30% or higher | 62.4% |
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 Shea Terrace
Is Shea Terrace one of the best neighborhoods in Portsmouth?
Shea Terrace has a Best Neighborhoods USA Index of 50.9 and a city ranking of #19 of 32 eligible neighborhoods in Portsmouth.
How much are homes worth in Shea Terrace?
The current Zillow Home Value Index for Shea Terrace is approximately $258,510.
Are home values rising or falling in Shea Terrace?
Zillow neighborhood values changed -2.2% year over year and 0.43% month over month.
What is the Neighborhood Momentum Score for Shea Terrace?
Shea Terrace has a Neighborhood Momentum Score of 39.1. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Shea Terrace?
The NDS-derived neighborhood median household income is approximately $84,198.
How affordable is Shea Terrace relative to household income?
The current Zillow home-value-to-household-income ratio is 3.07. Price-to-income affordability is a major Value Opportunity input.
Is Shea Terrace primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 75.8%.
What is the unemployment rate in Shea Terrace?
The NDS-derived civilian unemployment rate is approximately 5.3%.
How educated are residents of Shea Terrace?
Approximately 30.8% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Shea Terrace face high rent burden?
Approximately 62.4% 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 Shea Terrace?
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 applications56
Estimated originations37
Home-purchase applications32
Origination rate66.4%
Home-purchase share56.8%
Average application loan$208,840
Total application loan amount$11,716,670
National application rank#6,780 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 26.3% YoY; originations 43.1% 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.