What is the Best Neighborhoods USA ranking for Locust Grove?
Locust Grove is ranked #19 of 25 eligible neighborhoods in Charlottesville; #368 of 518 eligible neighborhoods in VA; and #9,013 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Locust Grove
Charlottesville, VA | Charlottesville City
Scored premium profile
Best Neighborhoods USA Index
46.1
Stability and Strength
44.3
Value Opportunity
36.8
Momentum
62.2
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Charlottesville, VA |
| County | Charlottesville City |
| National rank | #9,013 of 14,967 |
| State rank | #368 of 518 |
| City rank | #19 of 25 |
| County rank | #19 of 25 |
| National percentile | 39.8 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $498,959 |
| Year-over-year home value change | 4.2% |
| Month-over-month home value change | -0.35% |
| Home value to income ratio | 7.57 |
| Median household income | $65,902 |
| Bachelor's degree or higher | 54.4% |
| Civilian unemployment rate | 5.6% |
| Homeownership rate | 59.8% |
| Housing vacancy rate | 15.2% |
| Rent burden 30% or higher | 58.6% |
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 Locust Grove
Is Locust Grove one of the best neighborhoods in Charlottesville?
Locust Grove has a Best Neighborhoods USA Index of 46.1 and a city ranking of #19 of 25 eligible neighborhoods in Charlottesville.
How much are homes worth in Locust Grove?
The current Zillow Home Value Index for Locust Grove is approximately $498,959.
Are home values rising or falling in Locust Grove?
Zillow neighborhood values changed 4.2% year over year and -0.35% month over month.
What is the Neighborhood Momentum Score for Locust Grove?
Locust Grove has a Neighborhood Momentum Score of 62.2. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Locust Grove?
The NDS-derived neighborhood median household income is approximately $65,902.
How affordable is Locust Grove relative to household income?
The current Zillow home-value-to-household-income ratio is 7.57. Price-to-income affordability is a major Value Opportunity input.
Is Locust Grove primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 59.8%.
What is the unemployment rate in Locust Grove?
The NDS-derived civilian unemployment rate is approximately 5.6%.
How educated are residents of Locust Grove?
Approximately 54.4% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Locust Grove face high rent burden?
Approximately 58.6% 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 Locust Grove?
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 applications23
Estimated originations13
Home-purchase applications9
Origination rate54.7%
Home-purchase share38.1%
Average application loan$284,095
Total application loan amount$6,542,485
National application rank#10,176 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 15.4% YoY; originations 5.6% 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.