What is the Best Neighborhoods USA ranking for Elkhardt?
Elkhardt is ranked #106 of 113 eligible neighborhoods in Richmond; #505 of 518 eligible neighborhoods in VA; and #14,193 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Elkhardt
Richmond, VA | Richmond City
Scored premium profile
Best Neighborhoods USA Index
25.1
Stability and Strength
21.1
Value Opportunity
35.6
Momentum
16.8
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 | #14,193 of 14,967 |
| State rank | #505 of 518 |
| City rank | #106 of 113 |
| County rank | #106 of 113 |
| National percentile | 5.2 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $259,221 |
| Year-over-year home value change | -2.2% |
| Month-over-month home value change | -0.72% |
| Home value to income ratio | 4.61 |
| Median household income | $56,180 |
| Bachelor's degree or higher | 7.4% |
| Civilian unemployment rate | 15.2% |
| Homeownership rate | 5.6% |
| Housing vacancy rate | 7.1% |
| Rent burden 30% or higher | 40.2% |
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 Elkhardt
Is Elkhardt one of the best neighborhoods in Richmond?
Elkhardt has a Best Neighborhoods USA Index of 25.1 and a city ranking of #106 of 113 eligible neighborhoods in Richmond.
How much are homes worth in Elkhardt?
The current Zillow Home Value Index for Elkhardt is approximately $259,221.
Are home values rising or falling in Elkhardt?
Zillow neighborhood values changed -2.2% year over year and -0.72% month over month.
What is the Neighborhood Momentum Score for Elkhardt?
Elkhardt has a Neighborhood Momentum Score of 16.8. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Elkhardt?
The NDS-derived neighborhood median household income is approximately $56,180.
How affordable is Elkhardt relative to household income?
The current Zillow home-value-to-household-income ratio is 4.61. Price-to-income affordability is a major Value Opportunity input.
Is Elkhardt primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 5.6%.
What is the unemployment rate in Elkhardt?
The NDS-derived civilian unemployment rate is approximately 15.2%.
How educated are residents of Elkhardt?
Approximately 7.4% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Elkhardt face high rent burden?
Approximately 40.2% 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 Elkhardt?
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 applications30
Estimated originations15
Home-purchase applications15
Origination rate51.4%
Home-purchase share50.4%
Average application loan$177,295
Total application loan amount$5,243,725
National application rank#9,290 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 55.8% YoY; originations 83.9% 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.