What is the Best Neighborhoods USA ranking for Ravendale?
Ravendale is ranked #45 of 80 eligible neighborhoods in Detroit; #285 of 334 eligible neighborhoods in MI; and #13,543 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Ravendale
Detroit, MI | Wayne County
Scored premium profile
Best Neighborhoods USA Index
29.7
Stability and Strength
15.7
Value Opportunity
45.1
Momentum
30.4
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 | #13,543 of 14,967 |
| State rank | #285 of 334 |
| City rank | #45 of 80 |
| County rank | #88 of 123 |
| National percentile | 9.5 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $51,424 |
| Year-over-year home value change | -10.7% |
| Month-over-month home value change | 1.88% |
| Home value to income ratio | 1.68 |
| Median household income | $30,527 |
| Bachelor's degree or higher | 8.7% |
| Civilian unemployment rate | 8.5% |
| Homeownership rate | 62.5% |
| Housing vacancy rate | 37.3% |
| Rent burden 30% or higher | 85.4% |
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 Ravendale
Is Ravendale one of the best neighborhoods in Detroit?
Ravendale has a Best Neighborhoods USA Index of 29.7 and a city ranking of #45 of 80 eligible neighborhoods in Detroit.
How much are homes worth in Ravendale?
The current Zillow Home Value Index for Ravendale is approximately $51,424.
Are home values rising or falling in Ravendale?
Zillow neighborhood values changed -10.7% year over year and 1.88% month over month.
What is the Neighborhood Momentum Score for Ravendale?
Ravendale has a Neighborhood Momentum Score of 30.4. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Ravendale?
The NDS-derived neighborhood median household income is approximately $30,527.
How affordable is Ravendale relative to household income?
The current Zillow home-value-to-household-income ratio is 1.68. Price-to-income affordability is a major Value Opportunity input.
Is Ravendale primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 62.5%.
What is the unemployment rate in Ravendale?
The NDS-derived civilian unemployment rate is approximately 8.5%.
How educated are residents of Ravendale?
Approximately 8.7% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Ravendale face high rent burden?
Approximately 85.4% 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 Ravendale?
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 applications40
Estimated originations15
Home-purchase applications19
Origination rate38.6%
Home-purchase share47.7%
Average application loan$75,586
Total application loan amount$3,016,190
National application rank#8,151 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 17.9% YoY; originations 63.2% 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.