What is the Best Neighborhoods USA ranking for Oak Ridge?
Oak Ridge is ranked #79 of 88 eligible neighborhoods in Birmingham; #241 of 258 eligible neighborhoods in AL; and #14,471 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Oak Ridge
Birmingham, AL | Jefferson County
Scored premium profile
Best Neighborhoods USA Index
22.4
Stability and Strength
14.5
Value Opportunity
43.1
Momentum
6.2
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Birmingham, AL |
| County | Jefferson County |
| National rank | #14,471 of 14,967 |
| State rank | #241 of 258 |
| City rank | #79 of 88 |
| County rank | #79 of 88 |
| National percentile | 3.3 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $68,688 |
| Year-over-year home value change | -5.0% |
| Month-over-month home value change | -0.74% |
| Home value to income ratio | 1.93 |
| Median household income | $35,596 |
| Bachelor's degree or higher | 6.5% |
| Civilian unemployment rate | 13.1% |
| Homeownership rate | 59.6% |
| Housing vacancy rate | 36.0% |
| Rent burden 30% or higher | 65.2% |
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 Oak Ridge
Is Oak Ridge one of the best neighborhoods in Birmingham?
Oak Ridge has a Best Neighborhoods USA Index of 22.4 and a city ranking of #79 of 88 eligible neighborhoods in Birmingham.
How much are homes worth in Oak Ridge?
The current Zillow Home Value Index for Oak Ridge is approximately $68,688.
Are home values rising or falling in Oak Ridge?
Zillow neighborhood values changed -5.0% year over year and -0.74% month over month.
What is the Neighborhood Momentum Score for Oak Ridge?
Oak Ridge has a Neighborhood Momentum Score of 6.2. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Oak Ridge?
The NDS-derived neighborhood median household income is approximately $35,596.
How affordable is Oak Ridge relative to household income?
The current Zillow home-value-to-household-income ratio is 1.93. Price-to-income affordability is a major Value Opportunity input.
Is Oak Ridge primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 59.6%.
What is the unemployment rate in Oak Ridge?
The NDS-derived civilian unemployment rate is approximately 13.1%.
How educated are residents of Oak Ridge?
Approximately 6.5% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Oak Ridge face high rent burden?
Approximately 65.2% 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 Oak Ridge?
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 applications37
Estimated originations17
Home-purchase applications21
Origination rate47.4%
Home-purchase share57.4%
Average application loan$81,382
Total application loan amount$2,994,281
National application rank#8,451 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 1.2% YoY; originations 1.7% 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.