What is the Best Neighborhoods USA ranking for Richmond Hill?
Richmond Hill is ranked #63 of 87 eligible neighborhoods in Madison; #191 of 394 eligible neighborhoods in WI; and #4,688 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Richmond Hill
Madison, WI | Dane County
Scored premium profile
Best Neighborhoods USA Index
58.0
Stability and Strength
60.6
Value Opportunity
47.7
Momentum
68.3
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Madison, WI |
| County | Dane County |
| National rank | #4,688 of 14,967 |
| State rank | #191 of 394 |
| City rank | #63 of 87 |
| County rank | #65 of 89 |
| National percentile | 68.7 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $644,622 |
| Year-over-year home value change | 3.2% |
| Month-over-month home value change | 0.08% |
| Home value to income ratio | 9.20 |
| Median household income | $70,045 |
| Bachelor's degree or higher | 47.9% |
| Civilian unemployment rate | 0.6% |
| Homeownership rate | 69.9% |
| Housing vacancy rate | 1.3% |
| Rent burden 30% or higher | 74.6% |
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 Richmond Hill
Is Richmond Hill one of the best neighborhoods in Madison?
Richmond Hill has a Best Neighborhoods USA Index of 58.0 and a city ranking of #63 of 87 eligible neighborhoods in Madison.
How much are homes worth in Richmond Hill?
The current Zillow Home Value Index for Richmond Hill is approximately $644,622.
Are home values rising or falling in Richmond Hill?
Zillow neighborhood values changed 3.2% year over year and 0.08% month over month.
What is the Neighborhood Momentum Score for Richmond Hill?
Richmond Hill has a Neighborhood Momentum Score of 68.3. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Richmond Hill?
The NDS-derived neighborhood median household income is approximately $70,045.
How affordable is Richmond Hill relative to household income?
The current Zillow home-value-to-household-income ratio is 9.20. Price-to-income affordability is a major Value Opportunity input.
Is Richmond Hill primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 69.9%.
What is the unemployment rate in Richmond Hill?
The NDS-derived civilian unemployment rate is approximately 0.6%.
How educated are residents of Richmond Hill?
Approximately 47.9% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Richmond Hill face high rent burden?
Approximately 74.6% 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 Richmond Hill?
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 applications1
Estimated originations1
Home-purchase applications1
Origination rate69.0%
Home-purchase share42.9%
Average application loan$188,929
Total application loan amount$257,351
National application rank#14,710 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -20.0% YoY; originations -23.7% 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.