What is the Best Neighborhoods USA ranking for Southern Hills?
Southern Hills is ranked #2 of 43 eligible neighborhoods in Roanoke; #108 of 518 eligible neighborhoods in VA; and #2,560 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Southern Hills
Roanoke, VA | Roanoke City
Scored premium profile
Best Neighborhoods USA Index
64.7
Stability and Strength
61.8
Value Opportunity
58.7
Momentum
77.9
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Roanoke, VA |
| County | Roanoke City |
| National rank | #2,560 of 14,967 |
| State rank | #108 of 518 |
| City rank | #2 of 43 |
| County rank | #2 of 43 |
| National percentile | 82.9 |
| National band | TOP_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $361,643 |
| Year-over-year home value change | 4.0% |
| Month-over-month home value change | 0.30% |
| Home value to income ratio | 4.50 |
| Median household income | $80,371 |
| Bachelor's degree or higher | 54.4% |
| Civilian unemployment rate | 2.7% |
| Homeownership rate | 66.3% |
| Housing vacancy rate | 12.5% |
| Rent burden 30% or higher | 27.0% |
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 Southern Hills
Is Southern Hills one of the best neighborhoods in Roanoke?
Southern Hills has a Best Neighborhoods USA Index of 64.7 and a city ranking of #2 of 43 eligible neighborhoods in Roanoke.
How much are homes worth in Southern Hills?
The current Zillow Home Value Index for Southern Hills is approximately $361,643.
Are home values rising or falling in Southern Hills?
Zillow neighborhood values changed 4.0% year over year and 0.30% month over month.
What is the Neighborhood Momentum Score for Southern Hills?
Southern Hills has a Neighborhood Momentum Score of 77.9. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Southern Hills?
The NDS-derived neighborhood median household income is approximately $80,371.
How affordable is Southern Hills relative to household income?
The current Zillow home-value-to-household-income ratio is 4.50. Price-to-income affordability is a major Value Opportunity input.
Is Southern Hills primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 66.3%.
What is the unemployment rate in Southern Hills?
The NDS-derived civilian unemployment rate is approximately 2.7%.
How educated are residents of Southern Hills?
Approximately 54.4% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Southern Hills face high rent burden?
Approximately 27.0% 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 Southern Hills?
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 applications82
Estimated originations53
Home-purchase applications41
Origination rate64.8%
Home-purchase share49.7%
Average application loan$332,922
Total application loan amount$27,441,823
National application rank#5,106 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 14.0% YoY; originations 16.0% 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.