What is the Best Neighborhoods USA ranking for Chaldean Town?
Chaldean Town is ranked #64 of 80 eligible neighborhoods in Detroit; #308 of 334 eligible neighborhoods in MI; and #14,150 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Chaldean Town
Detroit, MI | Wayne County
Scored premium profile
Best Neighborhoods USA Index
25.4
Stability and Strength
11.0
Value Opportunity
38.4
Momentum
30.4
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Detroit, MI |
| County | Wayne County |
| National rank | #14,150 of 14,967 |
| State rank | #308 of 334 |
| City rank | #64 of 80 |
| County rank | #107 of 123 |
| National percentile | 5.5 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $70,752 |
| Year-over-year home value change | -9.3% |
| Month-over-month home value change | 1.41% |
| Home value to income ratio | 3.17 |
| Median household income | $22,352 |
| Bachelor's degree or higher | 6.1% |
| Civilian unemployment rate | 8.8% |
| Homeownership rate | 34.1% |
| Housing vacancy rate | 35.0% |
| Rent burden 30% or higher | 60.9% |
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 Chaldean Town
Is Chaldean Town one of the best neighborhoods in Detroit?
Chaldean Town has a Best Neighborhoods USA Index of 25.4 and a city ranking of #64 of 80 eligible neighborhoods in Detroit.
How much are homes worth in Chaldean Town?
The current Zillow Home Value Index for Chaldean Town is approximately $70,752.
Are home values rising or falling in Chaldean Town?
Zillow neighborhood values changed -9.3% year over year and 1.41% month over month.
What is the Neighborhood Momentum Score for Chaldean Town?
Chaldean Town has a Neighborhood Momentum Score of 30.4. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Chaldean Town?
The NDS-derived neighborhood median household income is approximately $22,352.
How affordable is Chaldean Town relative to household income?
The current Zillow home-value-to-household-income ratio is 3.17. Price-to-income affordability is a major Value Opportunity input.
Is Chaldean Town primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 34.1%.
What is the unemployment rate in Chaldean Town?
The NDS-derived civilian unemployment rate is approximately 8.8%.
How educated are residents of Chaldean Town?
Approximately 6.1% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Chaldean Town face high rent burden?
Approximately 60.9% 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 Chaldean Town?
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 originations5
Home-purchase applications4
Origination rate36.7%
Home-purchase share34.8%
Average application loan$140,641
Total application loan amount$1,732,181
National application rank#12,024 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 9.1% YoY; originations 22.1% 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.