What is the Best Neighborhoods USA ranking for Far West?
Far West is ranked #72 of 80 eligible neighborhoods in Detroit; #320 of 334 eligible neighborhoods in MI; and #14,432 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Far West
Detroit, MI | Wayne County
Scored premium profile
Best Neighborhoods USA Index
22.8
Stability and Strength
21.5
Value Opportunity
10.5
Momentum
42.2
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Detroit, MI |
| County | Wayne County |
| National rank | #14,432 of 14,967 |
| State rank | #320 of 334 |
| City rank | #72 of 80 |
| County rank | #115 of 123 |
| National percentile | 3.6 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $118,635 |
| Year-over-year home value change | 0.2% |
| Month-over-month home value change | -0.14% |
| Home value to income ratio | 2,057.99 |
| Median household income | $58 |
| Bachelor's degree or higher | 11.3% |
| Civilian unemployment rate | 13.7% |
| Homeownership rate | 72.0% |
| Housing vacancy rate | 2.2% |
| Rent burden 30% or higher | 91.0% |
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 Far West
Is Far West one of the best neighborhoods in Detroit?
Far West has a Best Neighborhoods USA Index of 22.8 and a city ranking of #72 of 80 eligible neighborhoods in Detroit.
How much are homes worth in Far West?
The current Zillow Home Value Index for Far West is approximately $118,635.
Are home values rising or falling in Far West?
Zillow neighborhood values changed 0.2% year over year and -0.14% month over month.
What is the Neighborhood Momentum Score for Far West?
Far West has a Neighborhood Momentum Score of 42.2. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Far West?
The NDS-derived neighborhood median household income is approximately $58.
How affordable is Far West relative to household income?
The current Zillow home-value-to-household-income ratio is 2,057.99. Price-to-income affordability is a major Value Opportunity input.
Is Far West primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 72.0%.
What is the unemployment rate in Far West?
The NDS-derived civilian unemployment rate is approximately 13.7%.
How educated are residents of Far West?
Approximately 11.3% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Far West face high rent burden?
Approximately 91.0% 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 Far West?
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 applications45
Estimated originations29
Home-purchase applications23
Origination rate63.4%
Home-purchase share51.5%
Average application loan$94,027
Total application loan amount$4,245,938
National application rank#7,667 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 28.8% YoY; originations 44.0% 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.