What is the Best Neighborhoods USA ranking for Melody View?
Melody View is ranked #88 of 154 eligible neighborhoods in Milwaukee; #303 of 394 eligible neighborhoods in WI; and #9,223 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Melody View
Milwaukee, WI | Milwaukee County
Scored premium profile
Best Neighborhoods USA Index
45.5
Stability and Strength
31.4
Value Opportunity
40.8
Momentum
74.6
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Milwaukee, WI |
| County | Milwaukee County |
| National rank | #9,223 of 14,967 |
| State rank | #303 of 394 |
| City rank | #88 of 154 |
| County rank | #134 of 205 |
| National percentile | 38.4 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $290,973 |
| Year-over-year home value change | 6.2% |
| Month-over-month home value change | -0.10% |
| Home value to income ratio | 4.90 |
| Median household income | $59,397 |
| Bachelor's degree or higher | 34.8% |
| Civilian unemployment rate | 10.4% |
| Homeownership rate | 49.9% |
| Housing vacancy rate | 8.7% |
| Rent burden 30% or higher | 62.2% |
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 Melody View
Is Melody View one of the best neighborhoods in Milwaukee?
Melody View has a Best Neighborhoods USA Index of 45.5 and a city ranking of #88 of 154 eligible neighborhoods in Milwaukee.
How much are homes worth in Melody View?
The current Zillow Home Value Index for Melody View is approximately $290,973.
Are home values rising or falling in Melody View?
Zillow neighborhood values changed 6.2% year over year and -0.10% month over month.
What is the Neighborhood Momentum Score for Melody View?
Melody View has a Neighborhood Momentum Score of 74.6. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Melody View?
The NDS-derived neighborhood median household income is approximately $59,397.
How affordable is Melody View relative to household income?
The current Zillow home-value-to-household-income ratio is 4.90. Price-to-income affordability is a major Value Opportunity input.
Is Melody View primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 49.9%.
What is the unemployment rate in Melody View?
The NDS-derived civilian unemployment rate is approximately 10.4%.
How educated are residents of Melody View?
Approximately 34.8% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Melody View face high rent burden?
Approximately 62.2% 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 Melody 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 applications12
Estimated originations6
Home-purchase applications5
Origination rate48.0%
Home-purchase share39.9%
Average application loan$223,034
Total application loan amount$2,667,735
National application rank#12,100 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 50.7% YoY; originations 20.7% 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.