What is the Best Neighborhoods USA ranking for Millenium Village?
Millenium Village is ranked #20 of 80 eligible neighborhoods in Detroit; #229 of 334 eligible neighborhoods in MI; and #11,152 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Millenium Village
Detroit, MI | Wayne County
Scored premium profile
Best Neighborhoods USA Index
39.5
Stability and Strength
35.2
Value Opportunity
35.3
Momentum
52.2
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 | #11,152 of 14,967 |
| State rank | #229 of 334 |
| City rank | #20 of 80 |
| County rank | #56 of 123 |
| National percentile | 25.5 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $199,410 |
| Year-over-year home value change | 3.2% |
| Month-over-month home value change | -2.13% |
| Home value to income ratio | 5.38 |
| Median household income | $37,064 |
| Bachelor's degree or higher | 38.7% |
| Civilian unemployment rate | 6.1% |
| Homeownership rate | 48.7% |
| Housing vacancy rate | 19.5% |
| Rent burden 30% or higher | 26.4% |
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 Millenium Village
Is Millenium Village one of the best neighborhoods in Detroit?
Millenium Village has a Best Neighborhoods USA Index of 39.5 and a city ranking of #20 of 80 eligible neighborhoods in Detroit.
How much are homes worth in Millenium Village?
The current Zillow Home Value Index for Millenium Village is approximately $199,410.
Are home values rising or falling in Millenium Village?
Zillow neighborhood values changed 3.2% year over year and -2.13% month over month.
What is the Neighborhood Momentum Score for Millenium Village?
Millenium Village has a Neighborhood Momentum Score of 52.2. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Millenium Village?
The NDS-derived neighborhood median household income is approximately $37,064.
How affordable is Millenium Village relative to household income?
The current Zillow home-value-to-household-income ratio is 5.38. Price-to-income affordability is a major Value Opportunity input.
Is Millenium Village primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 48.7%.
What is the unemployment rate in Millenium Village?
The NDS-derived civilian unemployment rate is approximately 6.1%.
How educated are residents of Millenium Village?
Approximately 38.7% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Millenium Village face high rent burden?
Approximately 26.4% 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 Millenium Village?
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 applications34
Estimated originations14
Home-purchase applications13
Origination rate41.7%
Home-purchase share37.7%
Average application loan$243,650
Total application loan amount$8,378,922
National application rank#8,720 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -12.0% YoY; originations -42.2% 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.