What is the Best Neighborhoods USA ranking for Elizabeth Park?
Elizabeth Park is ranked #381 of 442 eligible neighborhoods in Nashville; #474 of 571 eligible neighborhoods in TN; and #12,671 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Elizabeth Park
Nashville, TN | Davidson County
Scored premium profile
Best Neighborhoods USA Index
33.8
Stability and Strength
43.6
Value Opportunity
42.8
Momentum
5.5
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Nashville, TN |
| County | Davidson County |
| National rank | #12,671 of 14,967 |
| State rank | #474 of 571 |
| City rank | #381 of 442 |
| County rank | #381 of 442 |
| National percentile | 15.3 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $396,985 |
| Year-over-year home value change | -6.3% |
| Month-over-month home value change | -0.54% |
| Home value to income ratio | 6.14 |
| Median household income | $64,606 |
| Bachelor's degree or higher | 46.4% |
| Civilian unemployment rate | 3.5% |
| Homeownership rate | 38.7% |
| Housing vacancy rate | 16.0% |
| Rent burden 30% or higher | 51.5% |
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 Elizabeth Park
Is Elizabeth Park one of the best neighborhoods in Nashville?
Elizabeth Park has a Best Neighborhoods USA Index of 33.8 and a city ranking of #381 of 442 eligible neighborhoods in Nashville.
How much are homes worth in Elizabeth Park?
The current Zillow Home Value Index for Elizabeth Park is approximately $396,985.
Are home values rising or falling in Elizabeth Park?
Zillow neighborhood values changed -6.3% year over year and -0.54% month over month.
What is the Neighborhood Momentum Score for Elizabeth Park?
Elizabeth Park has a Neighborhood Momentum Score of 5.5. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Elizabeth Park?
The NDS-derived neighborhood median household income is approximately $64,606.
How affordable is Elizabeth Park relative to household income?
The current Zillow home-value-to-household-income ratio is 6.14. Price-to-income affordability is a major Value Opportunity input.
Is Elizabeth Park primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 38.7%.
What is the unemployment rate in Elizabeth Park?
The NDS-derived civilian unemployment rate is approximately 3.5%.
How educated are residents of Elizabeth Park?
Approximately 46.4% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Elizabeth Park face high rent burden?
Approximately 51.5% 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 Elizabeth Park?
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 applications79
Estimated originations42
Home-purchase applications46
Origination rate53.4%
Home-purchase share57.7%
Average application loan$338,825
Total application loan amount$26,751,905
National application rank#5,289 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 22.2% YoY; originations 29.8% 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.