What is the Best Neighborhoods USA ranking for Gresham?
Gresham is ranked #153 of 179 eligible neighborhoods in Chicago; #228 of 261 eligible neighborhoods in IL; and #12,210 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Gresham
Chicago, IL | Cook County
Scored premium profile
Best Neighborhoods USA Index
35.6
Stability and Strength
17.9
Value Opportunity
29.5
Momentum
72.5
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Chicago, IL |
| County | Cook County |
| National rank | #12,210 of 14,967 |
| State rank | #228 of 261 |
| City rank | #153 of 179 |
| County rank | #164 of 190 |
| National percentile | 18.4 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $190,703 |
| Year-over-year home value change | 4.0% |
| Month-over-month home value change | 0.09% |
| Home value to income ratio | 4.95 |
| Median household income | $38,523 |
| Bachelor's degree or higher | 19.3% |
| Civilian unemployment rate | 17.4% |
| Homeownership rate | 48.8% |
| Housing vacancy rate | 14.3% |
| Rent burden 30% or higher | 60.4% |
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 Gresham
Is Gresham one of the best neighborhoods in Chicago?
Gresham has a Best Neighborhoods USA Index of 35.6 and a city ranking of #153 of 179 eligible neighborhoods in Chicago.
How much are homes worth in Gresham?
The current Zillow Home Value Index for Gresham is approximately $190,703.
Are home values rising or falling in Gresham?
Zillow neighborhood values changed 4.0% year over year and 0.09% month over month.
What is the Neighborhood Momentum Score for Gresham?
Gresham has a Neighborhood Momentum Score of 72.5. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Gresham?
The NDS-derived neighborhood median household income is approximately $38,523.
How affordable is Gresham relative to household income?
The current Zillow home-value-to-household-income ratio is 4.95. Price-to-income affordability is a major Value Opportunity input.
Is Gresham primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 48.8%.
What is the unemployment rate in Gresham?
The NDS-derived civilian unemployment rate is approximately 17.4%.
How educated are residents of Gresham?
Approximately 19.3% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Gresham face high rent burden?
Approximately 60.4% 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 Gresham?
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 applications1,289
Estimated originations539
Home-purchase applications633
Origination rate41.8%
Home-purchase share49.1%
Average application loan$222,675
Total application loan amount$286,951,591
National application rank#111 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 9.8% YoY; originations 2.7% 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.