What is the Best Neighborhoods USA ranking for Union Square?
Union Square is ranked #6 of 11 eligible neighborhoods in Somerville; #140 of 259 eligible neighborhoods in MA; and #5,864 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Union Square
Somerville, MA | Middlesex County
Scored premium profile
Best Neighborhoods USA Index
54.7
Stability and Strength
69.2
Value Opportunity
53.9
Momentum
32.4
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Somerville, MA |
| County | Middlesex County |
| National rank | #5,864 of 14,967 |
| State rank | #140 of 259 |
| City rank | #6 of 11 |
| County rank | #64 of 110 |
| National percentile | 60.8 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $1,284,696 |
| Year-over-year home value change | -1.0% |
| Month-over-month home value change | -0.16% |
| Home value to income ratio | 9.90 |
| Median household income | $129,768 |
| Bachelor's degree or higher | 74.4% |
| Civilian unemployment rate | 2.8% |
| Homeownership rate | 28.6% |
| Housing vacancy rate | 5.7% |
| Rent burden 30% or higher | 37.0% |
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 Union Square
Is Union Square one of the best neighborhoods in Somerville?
Union Square has a Best Neighborhoods USA Index of 54.7 and a city ranking of #6 of 11 eligible neighborhoods in Somerville.
How much are homes worth in Union Square?
The current Zillow Home Value Index for Union Square is approximately $1,284,696.
Are home values rising or falling in Union Square?
Zillow neighborhood values changed -1.0% year over year and -0.16% month over month.
What is the Neighborhood Momentum Score for Union Square?
Union Square has a Neighborhood Momentum Score of 32.4. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Union Square?
The NDS-derived neighborhood median household income is approximately $129,768.
How affordable is Union Square relative to household income?
The current Zillow home-value-to-household-income ratio is 9.90. Price-to-income affordability is a major Value Opportunity input.
Is Union Square primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 28.6%.
What is the unemployment rate in Union Square?
The NDS-derived civilian unemployment rate is approximately 2.8%.
How educated are residents of Union Square?
Approximately 74.4% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Union Square face high rent burden?
Approximately 37.0% 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 Union Square?
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 applications268
Estimated originations169
Home-purchase applications155
Origination rate62.9%
Home-purchase share57.8%
Average application loan$765,897
Total application loan amount$205,445,033
National application rank#1,416 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 18.7% YoY; originations 19.6% 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.