What is the Best Neighborhoods USA ranking for Mill Creek?
Mill Creek is ranked #1 of 22 eligible neighborhoods in Springfield; #3 of 261 eligible neighborhoods in IL; and #83 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Mill Creek
Springfield, IL | Sangamon County
Scored premium profile
Best Neighborhoods USA Index
84.0
Stability and Strength
80.7
Value Opportunity
91.3
Momentum
78.9
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Springfield, IL |
| County | Sangamon County |
| National rank | #83 of 14,967 |
| State rank | #3 of 261 |
| City rank | #1 of 22 |
| County rank | #1 of 22 |
| National percentile | 99.5 |
| National band | TOP_1_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $411,838 |
| Year-over-year home value change | 3.8% |
| Month-over-month home value change | 0.38% |
| Home value to income ratio | 2.47 |
| Median household income | $166,917 |
| Bachelor's degree or higher | 53.9% |
| Civilian unemployment rate | 0.0% |
| Homeownership rate | 93.1% |
| Housing vacancy rate | 0.0% |
| Rent burden 30% or higher | 99.8% |
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 Mill Creek
Is Mill Creek one of the best neighborhoods in Springfield?
Mill Creek has a Best Neighborhoods USA Index of 84.0 and a city ranking of #1 of 22 eligible neighborhoods in Springfield.
How much are homes worth in Mill Creek?
The current Zillow Home Value Index for Mill Creek is approximately $411,838.
Are home values rising or falling in Mill Creek?
Zillow neighborhood values changed 3.8% year over year and 0.38% month over month.
What is the Neighborhood Momentum Score for Mill Creek?
Mill Creek has a Neighborhood Momentum Score of 78.9. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Mill Creek?
The NDS-derived neighborhood median household income is approximately $166,917.
How affordable is Mill Creek relative to household income?
The current Zillow home-value-to-household-income ratio is 2.47. Price-to-income affordability is a major Value Opportunity input.
Is Mill Creek primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 93.1%.
What is the unemployment rate in Mill Creek?
The NDS-derived civilian unemployment rate is approximately 0.0%.
How educated are residents of Mill Creek?
Approximately 53.9% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Mill Creek face high rent burden?
Approximately 99.8% 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 Mill Creek?
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 applications12
Estimated originations8
Home-purchase applications7
Origination rate69.1%
Home-purchase share57.0%
Average application loan$226,156
Total application loan amount$2,737,311
National application rank#12,063 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 25.0% YoY; originations 15.1% 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.