What is the Best Neighborhoods USA ranking for Lake Park?
Lake Park is ranked #3 of 107 eligible neighborhoods in Durham; #17 of 535 eligible neighborhoods in NC; and #354 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Lake Park
Durham, NC | Durham County
Scored premium profile
Best Neighborhoods USA Index
77.9
Stability and Strength
90.6
Value Opportunity
89.1
Momentum
41.9
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Durham, NC |
| County | Durham County |
| National rank | #354 of 14,967 |
| State rank | #17 of 535 |
| City rank | #3 of 107 |
| County rank | #2 of 106 |
| National percentile | 97.6 |
| National band | TOP_5_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $491,628 |
| Year-over-year home value change | 0.4% |
| Month-over-month home value change | -0.20% |
| Home value to income ratio | 2.70 |
| Median household income | $182,116 |
| Bachelor's degree or higher | 75.3% |
| Civilian unemployment rate | 1.6% |
| Homeownership rate | 98.5% |
| Housing vacancy rate | 4.6% |
| Rent burden 30% or higher | 0.0% |
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 Lake Park
Is Lake Park one of the best neighborhoods in Durham?
Lake Park has a Best Neighborhoods USA Index of 77.9 and a city ranking of #3 of 107 eligible neighborhoods in Durham.
How much are homes worth in Lake Park?
The current Zillow Home Value Index for Lake Park is approximately $491,628.
Are home values rising or falling in Lake Park?
Zillow neighborhood values changed 0.4% year over year and -0.20% month over month.
What is the Neighborhood Momentum Score for Lake Park?
Lake Park has a Neighborhood Momentum Score of 41.9. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Lake Park?
The NDS-derived neighborhood median household income is approximately $182,116.
How affordable is Lake Park relative to household income?
The current Zillow home-value-to-household-income ratio is 2.70. Price-to-income affordability is a major Value Opportunity input.
Is Lake Park primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 98.5%.
What is the unemployment rate in Lake Park?
The NDS-derived civilian unemployment rate is approximately 1.6%.
How educated are residents of Lake Park?
Approximately 75.3% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Lake Park face high rent burden?
Approximately 0.0% 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 Lake Park?
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 applications9
Estimated originations6
Home-purchase applications4
Origination rate60.5%
Home-purchase share48.3%
Average application loan$341,937
Total application loan amount$3,155,600
National application rank#12,704 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 15.8% YoY; originations 13.3% 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.