What is the Best Neighborhoods USA ranking for Sherwood Forest?
Sherwood Forest is ranked #2 of 80 eligible neighborhoods in Detroit; #36 of 334 eligible neighborhoods in MI; and #828 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Sherwood Forest
Detroit, MI | Wayne County
Scored premium profile
Best Neighborhoods USA Index
73.4
Stability and Strength
74.1
Value Opportunity
76.6
Momentum
67.7
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 | #828 of 14,967 |
| State rank | #36 of 334 |
| City rank | #2 of 80 |
| County rank | #8 of 123 |
| National percentile | 94.5 |
| National band | TOP_10_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $399,056 |
| Year-over-year home value change | 2.1% |
| Month-over-month home value change | 0.31% |
| Home value to income ratio | 2.74 |
| Median household income | $145,450 |
| Bachelor's degree or higher | 79.4% |
| Civilian unemployment rate | 15.0% |
| Homeownership rate | 97.8% |
| Housing vacancy rate | 4.1% |
| Rent burden 30% or higher | 0.2% |
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 Sherwood Forest
Is Sherwood Forest one of the best neighborhoods in Detroit?
Sherwood Forest has a Best Neighborhoods USA Index of 73.4 and a city ranking of #2 of 80 eligible neighborhoods in Detroit.
How much are homes worth in Sherwood Forest?
The current Zillow Home Value Index for Sherwood Forest is approximately $399,056.
Are home values rising or falling in Sherwood Forest?
Zillow neighborhood values changed 2.1% year over year and 0.31% month over month.
What is the Neighborhood Momentum Score for Sherwood Forest?
Sherwood Forest has a Neighborhood Momentum Score of 67.7. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Sherwood Forest?
The NDS-derived neighborhood median household income is approximately $145,450.
How affordable is Sherwood Forest relative to household income?
The current Zillow home-value-to-household-income ratio is 2.74. Price-to-income affordability is a major Value Opportunity input.
Is Sherwood Forest primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 97.8%.
What is the unemployment rate in Sherwood Forest?
The NDS-derived civilian unemployment rate is approximately 15.0%.
How educated are residents of Sherwood Forest?
Approximately 79.4% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Sherwood Forest face high rent burden?
Approximately 0.2% 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 Sherwood Forest?
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 applications39
Estimated originations18
Home-purchase applications7
Origination rate47.1%
Home-purchase share17.7%
Average application loan$254,776
Total application loan amount$9,939,768
National application rank#8,235 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -1.0% YoY; originations -15.8% 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.