What is the Best Neighborhoods USA ranking for Homewood South?
Homewood South is ranked #78 of 83 eligible neighborhoods in Pittsburgh; #370 of 382 eligible neighborhoods in PA; and #14,552 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Homewood South
Pittsburgh, PA | Allegheny County
Scored premium profile
Best Neighborhoods USA Index
21.3
Stability and Strength
10.2
Value Opportunity
39.2
Momentum
13.9
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Pittsburgh, PA |
| County | Allegheny County |
| National rank | #14,552 of 14,967 |
| State rank | #370 of 382 |
| City rank | #78 of 83 |
| County rank | #78 of 83 |
| National percentile | 2.8 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $86,611 |
| Year-over-year home value change | -13.8% |
| Month-over-month home value change | 0.00% |
| Home value to income ratio | 3.19 |
| Median household income | $27,127 |
| Bachelor's degree or higher | 21.5% |
| Civilian unemployment rate | 17.5% |
| Homeownership rate | 33.5% |
| Housing vacancy rate | 38.7% |
| Rent burden 30% or higher | 75.2% |
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 Homewood South
Is Homewood South one of the best neighborhoods in Pittsburgh?
Homewood South has a Best Neighborhoods USA Index of 21.3 and a city ranking of #78 of 83 eligible neighborhoods in Pittsburgh.
How much are homes worth in Homewood South?
The current Zillow Home Value Index for Homewood South is approximately $86,611.
Are home values rising or falling in Homewood South?
Zillow neighborhood values changed -13.8% year over year and 0.00% month over month.
What is the Neighborhood Momentum Score for Homewood South?
Homewood South has a Neighborhood Momentum Score of 13.9. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Homewood South?
The NDS-derived neighborhood median household income is approximately $27,127.
How affordable is Homewood South relative to household income?
The current Zillow home-value-to-household-income ratio is 3.19. Price-to-income affordability is a major Value Opportunity input.
Is Homewood South primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 33.5%.
What is the unemployment rate in Homewood South?
The NDS-derived civilian unemployment rate is approximately 17.5%.
How educated are residents of Homewood South?
Approximately 21.5% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Homewood South face high rent burden?
Approximately 75.2% 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 Homewood South?
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 applications23
Estimated originations10
Home-purchase applications9
Origination rate43.4%
Home-purchase share38.9%
Average application loan$98,255
Total application loan amount$2,245,498
National application rank#10,200 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -11.2% YoY; originations -8.9% 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.