Neighborhood Profile

Garden City

Roanoke, VA | Roanoke City
Scored premium profile
Best Neighborhoods USA Index
53.5
National rank: #6,345 of 14,967
Stability and Strength
38.7
Score
Value Opportunity
50.6
Score
Momentum
81.0
Score
Score note: Rankings show denominators so users always see the size of the eligible cohort.
ContextValue
LocationRoanoke, VA
CountyRoanoke City
National rank#6,345 of 14,967
State rank#268 of 518
City rank#14 of 43
County rank#14 of 43
National percentile57.6
National bandMIDDLE_50_PERCENT
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Housing and local fundamentals

Housing and market metricsValue
Current Zillow home value$231,479
Year-over-year home value change3.3%
Month-over-month home value change0.79%
Home value to income ratio3.50
Median household income$66,199
Bachelor's degree or higher27.9%
Civilian unemployment rate8.2%
Homeownership rate81.8%
Housing vacancy rate11.5%
Rent burden 30% or higher60.0%

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 Garden City

What is the Best Neighborhoods USA ranking for Garden City?

Garden City is ranked #14 of 43 eligible neighborhoods in Roanoke; #268 of 518 eligible neighborhoods in VA; and #6,345 of 14,967 eligible neighborhoods in the United States.

Is Garden City one of the best neighborhoods in Roanoke?

Garden City has a Best Neighborhoods USA Index of 53.5 and a city ranking of #14 of 43 eligible neighborhoods in Roanoke.

How much are homes worth in Garden City?

The current Zillow Home Value Index for Garden City is approximately $231,479.

Are home values rising or falling in Garden City?

Zillow neighborhood values changed 3.3% year over year and 0.79% month over month.

What is the Neighborhood Momentum Score for Garden City?

Garden City has a Neighborhood Momentum Score of 81.0. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.

What is the median household income in Garden City?

The NDS-derived neighborhood median household income is approximately $66,199.

How affordable is Garden City relative to household income?

The current Zillow home-value-to-household-income ratio is 3.50. Price-to-income affordability is a major Value Opportunity input.

Is Garden City primarily homeowners or renters?

The NDS-derived homeownership rate is approximately 81.8%.

What is the unemployment rate in Garden City?

The NDS-derived civilian unemployment rate is approximately 8.2%.

How educated are residents of Garden City?

Approximately 27.9% of residents age 25 and older are estimated to have a bachelor's degree or higher.

What share of renters in Garden City face high rent burden?

Approximately 60.0% 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 Garden City?

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

FULL_OR_NEAR_FULL

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 applications108
Estimated originations68
Home-purchase applications50
Origination rate62.8%
Home-purchase share46.0%
Average application loan$148,108
Total application loan amount$15,962,890
National application rank#4,071 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 33.7% YoY; originations 36.5% 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.