What is the Best Neighborhoods USA ranking for Venable?
Venable is ranked #23 of 25 eligible neighborhoods in Charlottesville; #465 of 518 eligible neighborhoods in VA; and #12,394 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Venable
Charlottesville, VA | Charlottesville City
Scored premium profile
Best Neighborhoods USA Index
35.0
Stability and Strength
35.8
Value Opportunity
29.4
Momentum
41.5
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Charlottesville, VA |
| County | Charlottesville City |
| National rank | #12,394 of 14,967 |
| State rank | #465 of 518 |
| City rank | #23 of 25 |
| County rank | #23 of 25 |
| National percentile | 17.2 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $990,684 |
| Year-over-year home value change | -0.3% |
| Month-over-month home value change | -0.02% |
| Home value to income ratio | 16.26 |
| Median household income | $60,926 |
| Bachelor's degree or higher | 68.3% |
| Civilian unemployment rate | 7.8% |
| Homeownership rate | 14.5% |
| Housing vacancy rate | 9.7% |
| Rent burden 30% or higher | 68.9% |
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 Venable
Is Venable one of the best neighborhoods in Charlottesville?
Venable has a Best Neighborhoods USA Index of 35.0 and a city ranking of #23 of 25 eligible neighborhoods in Charlottesville.
How much are homes worth in Venable?
The current Zillow Home Value Index for Venable is approximately $990,684.
Are home values rising or falling in Venable?
Zillow neighborhood values changed -0.3% year over year and -0.02% month over month.
What is the Neighborhood Momentum Score for Venable?
Venable has a Neighborhood Momentum Score of 41.5. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Venable?
The NDS-derived neighborhood median household income is approximately $60,926.
How affordable is Venable relative to household income?
The current Zillow home-value-to-household-income ratio is 16.26. Price-to-income affordability is a major Value Opportunity input.
Is Venable primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 14.5%.
What is the unemployment rate in Venable?
The NDS-derived civilian unemployment rate is approximately 7.8%.
How educated are residents of Venable?
Approximately 68.3% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Venable face high rent burden?
Approximately 68.9% 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 Venable?
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 applications37
Estimated originations24
Home-purchase applications22
Origination rate65.0%
Home-purchase share58.0%
Average application loan$823,330
Total application loan amount$30,502,151
National application rank#8,435 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 24.6% YoY; originations 55.6% 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.