What is the Best Neighborhoods USA ranking for Elder Homestead?
Elder Homestead is ranked #169 of 187 eligible neighborhoods in Albuquerque; #200 of 222 eligible neighborhoods in NM; and #12,318 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Elder Homestead
Albuquerque, NM | Bernalillo County
Scored premium profile
Best Neighborhoods USA Index
35.2
Stability and Strength
35.2
Value Opportunity
37.8
Momentum
31.8
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 | #12,318 of 14,967 |
| State rank | #200 of 222 |
| City rank | #169 of 187 |
| County rank | #169 of 187 |
| National percentile | 17.7 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $262,334 |
| Year-over-year home value change | -0.4% |
| Month-over-month home value change | -0.43% |
| Home value to income ratio | 5.54 |
| Median household income | $47,341 |
| Bachelor's degree or higher | 33.2% |
| Civilian unemployment rate | 7.8% |
| Homeownership rate | 72.4% |
| Housing vacancy rate | 5.8% |
| Rent burden 30% or higher | 73.1% |
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 Elder Homestead
Is Elder Homestead one of the best neighborhoods in Albuquerque?
Elder Homestead has a Best Neighborhoods USA Index of 35.2 and a city ranking of #169 of 187 eligible neighborhoods in Albuquerque.
How much are homes worth in Elder Homestead?
The current Zillow Home Value Index for Elder Homestead is approximately $262,334.
Are home values rising or falling in Elder Homestead?
Zillow neighborhood values changed -0.4% year over year and -0.43% month over month.
What is the Neighborhood Momentum Score for Elder Homestead?
Elder Homestead has a Neighborhood Momentum Score of 31.8. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Elder Homestead?
The NDS-derived neighborhood median household income is approximately $47,341.
How affordable is Elder Homestead relative to household income?
The current Zillow home-value-to-household-income ratio is 5.54. Price-to-income affordability is a major Value Opportunity input.
Is Elder Homestead primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 72.4%.
What is the unemployment rate in Elder Homestead?
The NDS-derived civilian unemployment rate is approximately 7.8%.
How educated are residents of Elder Homestead?
Approximately 33.2% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Elder Homestead face high rent burden?
Approximately 73.1% 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 Elder Homestead?
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 applications58
Estimated originations31
Home-purchase applications35
Origination rate54.0%
Home-purchase share60.7%
Average application loan$164,340
Total application loan amount$9,493,089
National application rank#6,659 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 11.1% YoY; originations 17.4% 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.