What is the Best Neighborhoods USA ranking for Cherry?
Cherry is ranked #91 of 163 eligible neighborhoods in Charlotte; #340 of 535 eligible neighborhoods in NC; and #9,863 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Cherry
Charlotte, NC | Mecklenburg County
Scored premium profile
Best Neighborhoods USA Index
43.6
Stability and Strength
52.9
Value Opportunity
41.9
Momentum
31.1
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Charlotte, NC |
| County | Mecklenburg County |
| National rank | #9,863 of 14,967 |
| State rank | #340 of 535 |
| City rank | #91 of 163 |
| County rank | #91 of 163 |
| National percentile | 34.1 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $747,018 |
| Year-over-year home value change | -1.2% |
| Month-over-month home value change | -0.14% |
| Home value to income ratio | 9.46 |
| Median household income | $78,990 |
| Bachelor's degree or higher | 69.6% |
| Civilian unemployment rate | 3.8% |
| Homeownership rate | 51.1% |
| Housing vacancy rate | 12.6% |
| Rent burden 30% or higher | 61.9% |
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 Cherry
Is Cherry one of the best neighborhoods in Charlotte?
Cherry has a Best Neighborhoods USA Index of 43.6 and a city ranking of #91 of 163 eligible neighborhoods in Charlotte.
How much are homes worth in Cherry?
The current Zillow Home Value Index for Cherry is approximately $747,018.
Are home values rising or falling in Cherry?
Zillow neighborhood values changed -1.2% year over year and -0.14% month over month.
What is the Neighborhood Momentum Score for Cherry?
Cherry has a Neighborhood Momentum Score of 31.1. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Cherry?
The NDS-derived neighborhood median household income is approximately $78,990.
How affordable is Cherry relative to household income?
The current Zillow home-value-to-household-income ratio is 9.46. Price-to-income affordability is a major Value Opportunity input.
Is Cherry primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 51.1%.
What is the unemployment rate in Cherry?
The NDS-derived civilian unemployment rate is approximately 3.8%.
How educated are residents of Cherry?
Approximately 69.6% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Cherry face high rent burden?
Approximately 61.9% 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 Cherry?
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 applications61
Estimated originations43
Home-purchase applications33
Origination rate70.5%
Home-purchase share54.1%
Average application loan$454,362
Total application loan amount$27,502,183
National application rank#6,448 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -4.7% YoY; originations 38.6% 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.