What is the Best Neighborhoods USA ranking for Cedar Knolls?
Cedar Knolls is ranked #2 of 10 eligible neighborhoods in Apple Valley; #57 of 275 eligible neighborhoods in MN; and #802 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Cedar Knolls
Apple Valley, MN | Dakota County
Scored premium profile
Best Neighborhoods USA Index
73.5
Stability and Strength
74.1
Value Opportunity
79.2
Momentum
64.8
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Apple Valley, MN |
| County | Dakota County |
| National rank | #802 of 14,967 |
| State rank | #57 of 275 |
| City rank | #2 of 10 |
| County rank | #2 of 10 |
| National percentile | 94.6 |
| National band | TOP_10_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $596,814 |
| Year-over-year home value change | 1.9% |
| Month-over-month home value change | 0.27% |
| Home value to income ratio | 3.49 |
| Median household income | $170,964 |
| Bachelor's degree or higher | 73.0% |
| Civilian unemployment rate | 4.5% |
| Homeownership rate | 98.5% |
| Housing vacancy rate | 4.1% |
| Rent burden 30% or higher | 98.8% |
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 Cedar Knolls
Is Cedar Knolls one of the best neighborhoods in Apple Valley?
Cedar Knolls has a Best Neighborhoods USA Index of 73.5 and a city ranking of #2 of 10 eligible neighborhoods in Apple Valley.
How much are homes worth in Cedar Knolls?
The current Zillow Home Value Index for Cedar Knolls is approximately $596,814.
Are home values rising or falling in Cedar Knolls?
Zillow neighborhood values changed 1.9% year over year and 0.27% month over month.
What is the Neighborhood Momentum Score for Cedar Knolls?
Cedar Knolls has a Neighborhood Momentum Score of 64.8. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Cedar Knolls?
The NDS-derived neighborhood median household income is approximately $170,964.
How affordable is Cedar Knolls relative to household income?
The current Zillow home-value-to-household-income ratio is 3.49. Price-to-income affordability is a major Value Opportunity input.
Is Cedar Knolls primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 98.5%.
What is the unemployment rate in Cedar Knolls?
The NDS-derived civilian unemployment rate is approximately 4.5%.
How educated are residents of Cedar Knolls?
Approximately 73.0% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Cedar Knolls face high rent burden?
Approximately 98.8% 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 Cedar Knolls?
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 applications47
Estimated originations33
Home-purchase applications23
Origination rate68.6%
Home-purchase share47.7%
Average application loan$250,495
Total application loan amount$11,881,240
National application rank#7,443 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 17.2% YoY; originations 13.5% 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.