What is the Best Neighborhoods USA ranking for Midtown?
Midtown is ranked No published New Albany rank is currently available; #587 of 656 eligible neighborhoods in IN; and #12,268 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Midtown
New Albany, IN | Floyd County
Scored premium profile
Best Neighborhoods USA Index
35.4
Stability and Strength
30.2
Value Opportunity
41.9
Momentum
34.8
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | New Albany, IN |
| County | Floyd County |
| National rank | #12,268 of 14,967 |
| State rank | #587 of 656 |
| City rank | Not available |
| County rank | Not available |
| National percentile | 18.0 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $186,214 |
| Year-over-year home value change | -1.6% |
| Month-over-month home value change | 0.06% |
| Home value to income ratio | 4.18 |
| Median household income | $44,546 |
| Bachelor's degree or higher | 30.6% |
| Civilian unemployment rate | 7.0% |
| Homeownership rate | 47.5% |
| Housing vacancy rate | 15.0% |
| Rent burden 30% or higher | 48.1% |
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 Midtown
Is Midtown one of the best neighborhoods in New Albany?
Midtown has a Best Neighborhoods USA Index of 35.4 and a city ranking of No published New Albany rank is currently available.
How much are homes worth in Midtown?
The current Zillow Home Value Index for Midtown is approximately $186,214.
Are home values rising or falling in Midtown?
Zillow neighborhood values changed -1.6% year over year and 0.06% month over month.
What is the Neighborhood Momentum Score for Midtown?
Midtown has a Neighborhood Momentum Score of 34.8. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Midtown?
The NDS-derived neighborhood median household income is approximately $44,546.
How affordable is Midtown relative to household income?
The current Zillow home-value-to-household-income ratio is 4.18. Price-to-income affordability is a major Value Opportunity input.
Is Midtown primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 47.5%.
What is the unemployment rate in Midtown?
The NDS-derived civilian unemployment rate is approximately 7.0%.
How educated are residents of Midtown?
Approximately 30.6% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Midtown face high rent burden?
Approximately 48.1% 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 Midtown?
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 applications67
Estimated originations40
Home-purchase applications37
Origination rate59.0%
Home-purchase share55.5%
Average application loan$175,648
Total application loan amount$11,770,519
National application rank#6,009 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 7.0% YoY; originations 1.0% 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.