What is the Best Neighborhoods USA ranking for Park Avenue?
Park Avenue is ranked #22 of 34 eligible neighborhoods in South Bend; #396 of 656 eligible neighborhoods in IN; and #6,775 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Park Avenue
South Bend, IN | Saint Joseph County
Scored premium profile
Best Neighborhoods USA Index
52.3
Stability and Strength
43.7
Value Opportunity
51.6
Momentum
67.1
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | South Bend, IN |
| County | Saint Joseph County |
| National rank | #6,775 of 14,967 |
| State rank | #396 of 656 |
| City rank | #22 of 34 |
| County rank | #24 of 36 |
| National percentile | 54.8 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $264,901 |
| Year-over-year home value change | 2.1% |
| Month-over-month home value change | 0.30% |
| Home value to income ratio | 4.33 |
| Median household income | $61,237 |
| Bachelor's degree or higher | 39.9% |
| Civilian unemployment rate | 2.8% |
| Homeownership rate | 43.0% |
| Housing vacancy rate | 19.3% |
| Rent burden 30% or higher | 47.7% |
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 Park Avenue
Is Park Avenue one of the best neighborhoods in South Bend?
Park Avenue has a Best Neighborhoods USA Index of 52.3 and a city ranking of #22 of 34 eligible neighborhoods in South Bend.
How much are homes worth in Park Avenue?
The current Zillow Home Value Index for Park Avenue is approximately $264,901.
Are home values rising or falling in Park Avenue?
Zillow neighborhood values changed 2.1% year over year and 0.30% month over month.
What is the Neighborhood Momentum Score for Park Avenue?
Park Avenue has a Neighborhood Momentum Score of 67.1. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Park Avenue?
The NDS-derived neighborhood median household income is approximately $61,237.
How affordable is Park Avenue relative to household income?
The current Zillow home-value-to-household-income ratio is 4.33. Price-to-income affordability is a major Value Opportunity input.
Is Park Avenue primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 43.0%.
What is the unemployment rate in Park Avenue?
The NDS-derived civilian unemployment rate is approximately 2.8%.
How educated are residents of Park Avenue?
Approximately 39.9% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Park Avenue face high rent burden?
Approximately 47.7% 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 Park Avenue?
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 applications20
Estimated originations13
Home-purchase applications9
Origination rate67.2%
Home-purchase share44.3%
Average application loan$152,149
Total application loan amount$2,988,526
National application rank#10,703 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -15.0% YoY; originations 4.1% 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.