What is the Best Neighborhoods USA ranking for Edgewood?
Edgewood is ranked #57 of 113 eligible neighborhoods in Richmond; #301 of 518 eligible neighborhoods in VA; and #7,300 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Edgewood
Richmond, VA | Richmond City
Scored premium profile
Best Neighborhoods USA Index
50.9
Stability and Strength
53.4
Value Opportunity
55.8
Momentum
40.1
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Richmond, VA |
| County | Richmond City |
| National rank | #7,300 of 14,967 |
| State rank | #301 of 518 |
| City rank | #57 of 113 |
| County rank | #57 of 113 |
| National percentile | 51.2 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $293,993 |
| Year-over-year home value change | -0.1% |
| Month-over-month home value change | -0.11% |
| Home value to income ratio | 4.50 |
| Median household income | $65,296 |
| Bachelor's degree or higher | 46.8% |
| Civilian unemployment rate | 3.7% |
| Homeownership rate | 69.1% |
| Housing vacancy rate | 5.8% |
| Rent burden 30% or higher | 53.9% |
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 Edgewood
Is Edgewood one of the best neighborhoods in Richmond?
Edgewood has a Best Neighborhoods USA Index of 50.9 and a city ranking of #57 of 113 eligible neighborhoods in Richmond.
How much are homes worth in Edgewood?
The current Zillow Home Value Index for Edgewood is approximately $293,993.
Are home values rising or falling in Edgewood?
Zillow neighborhood values changed -0.1% year over year and -0.11% month over month.
What is the Neighborhood Momentum Score for Edgewood?
Edgewood has a Neighborhood Momentum Score of 40.1. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Edgewood?
The NDS-derived neighborhood median household income is approximately $65,296.
How affordable is Edgewood relative to household income?
The current Zillow home-value-to-household-income ratio is 4.50. Price-to-income affordability is a major Value Opportunity input.
Is Edgewood primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 69.1%.
What is the unemployment rate in Edgewood?
The NDS-derived civilian unemployment rate is approximately 3.7%.
How educated are residents of Edgewood?
Approximately 46.8% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Edgewood face high rent burden?
Approximately 53.9% 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 Edgewood?
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 applications31
Estimated originations22
Home-purchase applications15
Origination rate72.2%
Home-purchase share48.5%
Average application loan$242,724
Total application loan amount$7,544,944
National application rank#9,095 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -14.4% YoY; originations 18.4% 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.