What is the Best Neighborhoods USA ranking for Mill Basin?
Mill Basin is ranked #65 of 199 eligible neighborhoods in New York; #144 of 418 eligible neighborhoods in NY; and #5,249 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Mill Basin
New York, NY | Kings County
Scored premium profile
Best Neighborhoods USA Index
56.4
Stability and Strength
53.9
Value Opportunity
32.9
Momentum
93.3
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | New York, NY |
| County | Kings County |
| National rank | #5,249 of 14,967 |
| State rank | #144 of 418 |
| City rank | #65 of 199 |
| County rank | #12 of 45 |
| National percentile | 64.9 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $1,257,855 |
| Year-over-year home value change | 9.2% |
| Month-over-month home value change | 0.52% |
| Home value to income ratio | 14.65 |
| Median household income | $85,878 |
| Bachelor's degree or higher | 45.5% |
| Civilian unemployment rate | 5.7% |
| Homeownership rate | 70.4% |
| Housing vacancy rate | 10.6% |
| Rent burden 30% or higher | 44.4% |
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 Mill Basin
Is Mill Basin one of the best neighborhoods in New York?
Mill Basin has a Best Neighborhoods USA Index of 56.4 and a city ranking of #65 of 199 eligible neighborhoods in New York.
How much are homes worth in Mill Basin?
The current Zillow Home Value Index for Mill Basin is approximately $1,257,855.
Are home values rising or falling in Mill Basin?
Zillow neighborhood values changed 9.2% year over year and 0.52% month over month.
What is the Neighborhood Momentum Score for Mill Basin?
Mill Basin has a Neighborhood Momentum Score of 93.3. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Mill Basin?
The NDS-derived neighborhood median household income is approximately $85,878.
How affordable is Mill Basin relative to household income?
The current Zillow home-value-to-household-income ratio is 14.65. Price-to-income affordability is a major Value Opportunity input.
Is Mill Basin primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 70.4%.
What is the unemployment rate in Mill Basin?
The NDS-derived civilian unemployment rate is approximately 5.7%.
How educated are residents of Mill Basin?
Approximately 45.5% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Mill Basin face high rent burden?
Approximately 44.4% 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 Mill Basin?
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 applications235
Estimated originations133
Home-purchase applications127
Origination rate56.5%
Home-purchase share54.1%
Average application loan$531,988
Total application loan amount$124,786,399
National application rank#1,675 of 14,874 rankable neighborhoods
Geometry coverage96.6%
Recent trend: Applications 29.8% YoY; originations 33.4% 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.