What is the Best Neighborhoods USA ranking for West Ocean View?
West Ocean View is ranked #54 of 114 eligible neighborhoods in Norfolk; #319 of 518 eligible neighborhoods in VA; and #7,665 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
West Ocean View
Norfolk, VA | Norfolk City
Scored premium profile
Best Neighborhoods USA Index
49.9
Stability and Strength
45.0
Value Opportunity
50.5
Momentum
56.9
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Norfolk, VA |
| County | Norfolk City |
| National rank | #7,665 of 14,967 |
| State rank | #319 of 518 |
| City rank | #54 of 114 |
| County rank | #54 of 114 |
| National percentile | 48.8 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $309,547 |
| Year-over-year home value change | 0.2% |
| Month-over-month home value change | 0.42% |
| Home value to income ratio | 4.63 |
| Median household income | $66,787 |
| Bachelor's degree or higher | 28.3% |
| Civilian unemployment rate | 2.4% |
| Homeownership rate | 46.0% |
| Housing vacancy rate | 12.2% |
| Rent burden 30% or higher | 47.3% |
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 West Ocean View
Is West Ocean View one of the best neighborhoods in Norfolk?
West Ocean View has a Best Neighborhoods USA Index of 49.9 and a city ranking of #54 of 114 eligible neighborhoods in Norfolk.
How much are homes worth in West Ocean View?
The current Zillow Home Value Index for West Ocean View is approximately $309,547.
Are home values rising or falling in West Ocean View?
Zillow neighborhood values changed 0.2% year over year and 0.42% month over month.
What is the Neighborhood Momentum Score for West Ocean View?
West Ocean View has a Neighborhood Momentum Score of 56.9. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in West Ocean View?
The NDS-derived neighborhood median household income is approximately $66,787.
How affordable is West Ocean View relative to household income?
The current Zillow home-value-to-household-income ratio is 4.63. Price-to-income affordability is a major Value Opportunity input.
Is West Ocean View primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 46.0%.
What is the unemployment rate in West Ocean View?
The NDS-derived civilian unemployment rate is approximately 2.4%.
How educated are residents of West Ocean View?
Approximately 28.3% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in West Ocean View face high rent burden?
Approximately 47.3% 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 West Ocean View?
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 applications153
Estimated originations98
Home-purchase applications72
Origination rate63.6%
Home-purchase share46.9%
Average application loan$246,550
Total application loan amount$37,819,293
National application rank#2,854 of 14,874 rankable neighborhoods
Geometry coverage99.1%
Recent trend: Applications -4.3% YoY; originations 5.0% 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.