What is the Best Neighborhoods USA ranking for Ballard?
Ballard is ranked #32 of 35 eligible neighborhoods in Evansville; #564 of 656 eligible neighborhoods in IN; and #11,485 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Ballard
Evansville, IN | Vanderburgh County
Scored premium profile
Best Neighborhoods USA Index
38.4
Stability and Strength
14.4
Value Opportunity
42.9
Momentum
70.5
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Evansville, IN |
| County | Vanderburgh County |
| National rank | #11,485 of 14,967 |
| State rank | #564 of 656 |
| City rank | #32 of 35 |
| County rank | #32 of 35 |
| National percentile | 23.3 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $97,628 |
| Year-over-year home value change | 13.3% |
| Month-over-month home value change | -0.89% |
| Home value to income ratio | 2.67 |
| Median household income | $36,576 |
| Bachelor's degree or higher | 13.0% |
| Civilian unemployment rate | 14.1% |
| Homeownership rate | 35.1% |
| Housing vacancy rate | 18.1% |
| Rent burden 30% or higher | 53.8% |
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 Ballard
Is Ballard one of the best neighborhoods in Evansville?
Ballard has a Best Neighborhoods USA Index of 38.4 and a city ranking of #32 of 35 eligible neighborhoods in Evansville.
How much are homes worth in Ballard?
The current Zillow Home Value Index for Ballard is approximately $97,628.
Are home values rising or falling in Ballard?
Zillow neighborhood values changed 13.3% year over year and -0.89% month over month.
What is the Neighborhood Momentum Score for Ballard?
Ballard has a Neighborhood Momentum Score of 70.5. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Ballard?
The NDS-derived neighborhood median household income is approximately $36,576.
How affordable is Ballard relative to household income?
The current Zillow home-value-to-household-income ratio is 2.67. Price-to-income affordability is a major Value Opportunity input.
Is Ballard primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 35.1%.
What is the unemployment rate in Ballard?
The NDS-derived civilian unemployment rate is approximately 14.1%.
How educated are residents of Ballard?
Approximately 13.0% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Ballard face high rent burden?
Approximately 53.8% 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 Ballard?
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 applications14
Estimated originations9
Home-purchase applications8
Origination rate61.8%
Home-purchase share52.9%
Average application loan$102,353
Total application loan amount$1,455,413
National application rank#11,640 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -22.7% YoY; originations -34.4% 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.