| Context | Value |
|---|
| Location | Chicago, IL |
| County | Cook County |
| National rank | #8,800 of 14,967 |
| State rank | #184 of 261 |
| City rank | #122 of 179 |
| County rank | #131 of 190 |
| National percentile | 41.2 |
| National band | MIDDLE_50_PERCENT |
Housing and local fundamentals
| Housing and market metrics | Value |
|---|
| Current Zillow home value | $181,673 |
| Year-over-year home value change | 2.6% |
| Month-over-month home value change | -0.63% |
| Home value to income ratio | 2.69 |
| Median household income | $67,614 |
| Bachelor's degree or higher | 29.4% |
| Civilian unemployment rate | 13.7% |
| Homeownership rate | 75.3% |
| Housing vacancy rate | 13.5% |
| Rent burden 30% or higher | 41.4% |
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 Washington Heights
What is the Best Neighborhoods USA ranking for Washington Heights?
Washington Heights is ranked #122 of 179 eligible neighborhoods in Chicago; #184 of 261 eligible neighborhoods in IL; and #8,800 of 14,967 eligible neighborhoods in the United States.
Is Washington Heights one of the best neighborhoods in Chicago?
Washington Heights has a Best Neighborhoods USA Index of 46.7 and a city ranking of #122 of 179 eligible neighborhoods in Chicago.
How much are homes worth in Washington Heights?
The current Zillow Home Value Index for Washington Heights is approximately $181,673.
Are home values rising or falling in Washington Heights?
Zillow neighborhood values changed 2.6% year over year and -0.63% month over month.
What is the Neighborhood Momentum Score for Washington Heights?
Washington Heights has a Neighborhood Momentum Score of 50.5. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Washington Heights?
The NDS-derived neighborhood median household income is approximately $67,614.
How affordable is Washington Heights relative to household income?
The current Zillow home-value-to-household-income ratio is 2.69. Price-to-income affordability is a major Value Opportunity input.
Is Washington Heights primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 75.3%.
What is the unemployment rate in Washington Heights?
The NDS-derived civilian unemployment rate is approximately 13.7%.
How educated are residents of Washington Heights?
Approximately 29.4% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Washington Heights face high rent burden?
Approximately 41.4% 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 Washington Heights?
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
FULL_OR_NEAR_FULL
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 applications190
Estimated originations88
Home-purchase applications87
Origination rate46.4%
Home-purchase share46.0%
Average application loan$164,717
Total application loan amount$31,253,340
National application rank#2,211 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 10.8% YoY; originations 11.9% 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.