What is the Best Neighborhoods USA ranking for Cherry Hills?
Cherry Hills is ranked #94 of 187 eligible neighborhoods in Albuquerque; #110 of 222 eligible neighborhoods in NM; and #5,415 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Cherry Hills
Albuquerque, NM | Bernalillo County
Scored premium profile
Best Neighborhoods USA Index
55.9
Stability and Strength
64.0
Value Opportunity
41.5
Momentum
63.1
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Albuquerque, NM |
| County | Bernalillo County |
| National rank | #5,415 of 14,967 |
| State rank | #110 of 222 |
| City rank | #94 of 187 |
| County rank | #94 of 187 |
| National percentile | 63.8 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $499,297 |
| Year-over-year home value change | 1.2% |
| Month-over-month home value change | 0.38% |
| Home value to income ratio | 8.73 |
| Median household income | $57,166 |
| Bachelor's degree or higher | 39.3% |
| Civilian unemployment rate | 1.4% |
| Homeownership rate | 89.8% |
| Housing vacancy rate | 4.1% |
| Rent burden 30% or higher | 21.7% |
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 Cherry Hills
Is Cherry Hills one of the best neighborhoods in Albuquerque?
Cherry Hills has a Best Neighborhoods USA Index of 55.9 and a city ranking of #94 of 187 eligible neighborhoods in Albuquerque.
How much are homes worth in Cherry Hills?
The current Zillow Home Value Index for Cherry Hills is approximately $499,297.
Are home values rising or falling in Cherry Hills?
Zillow neighborhood values changed 1.2% year over year and 0.38% month over month.
What is the Neighborhood Momentum Score for Cherry Hills?
Cherry Hills has a Neighborhood Momentum Score of 63.1. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Cherry Hills?
The NDS-derived neighborhood median household income is approximately $57,166.
How affordable is Cherry Hills relative to household income?
The current Zillow home-value-to-household-income ratio is 8.73. Price-to-income affordability is a major Value Opportunity input.
Is Cherry Hills primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 89.8%.
What is the unemployment rate in Cherry Hills?
The NDS-derived civilian unemployment rate is approximately 1.4%.
How educated are residents of Cherry Hills?
Approximately 39.3% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Cherry Hills face high rent burden?
Approximately 21.7% 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 Cherry Hills?
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 applications29
Estimated originations19
Home-purchase applications14
Origination rate63.1%
Home-purchase share48.8%
Average application loan$296,448
Total application loan amount$8,709,716
National application rank#9,325 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 29.9% YoY; originations 27.6% 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.