What is the Best Neighborhoods USA ranking for Mill Ridge Place?
Mill Ridge Place is ranked #189 of 302 eligible neighborhoods in Fort Wayne; #315 of 656 eligible neighborhoods in IN; and #4,839 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Mill Ridge Place
Fort Wayne, IN | Allen County
Scored premium profile
Best Neighborhoods USA Index
57.6
Stability and Strength
50.6
Value Opportunity
61.0
Momentum
64.0
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Fort Wayne, IN |
| County | Allen County |
| National rank | #4,839 of 14,967 |
| State rank | #315 of 656 |
| City rank | #189 of 302 |
| County rank | #189 of 302 |
| National percentile | 67.7 |
| National band | MIDDLE_50_PERCENT |
Neighborhood Expert Opportunity
Become the Neighborhood Expert for this market
Inquire about this marketUnsold commercial placement. No local expert is currently assigned.
Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $286,328 |
| Year-over-year home value change | 2.8% |
| Month-over-month home value change | 0.03% |
| Home value to income ratio | 3.23 |
| Median household income | $88,646 |
| Bachelor's degree or higher | 26.7% |
| Civilian unemployment rate | 5.2% |
| Homeownership rate | 59.7% |
| Housing vacancy rate | 8.9% |
| Rent burden 30% or higher | 27.1% |
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 Mill Ridge Place
Is Mill Ridge Place one of the best neighborhoods in Fort Wayne?
Mill Ridge Place has a Best Neighborhoods USA Index of 57.6 and a city ranking of #189 of 302 eligible neighborhoods in Fort Wayne.
How much are homes worth in Mill Ridge Place?
The current Zillow Home Value Index for Mill Ridge Place is approximately $286,328.
Are home values rising or falling in Mill Ridge Place?
Zillow neighborhood values changed 2.8% year over year and 0.03% month over month.
What is the Neighborhood Momentum Score for Mill Ridge Place?
Mill Ridge Place has a Neighborhood Momentum Score of 64.0. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Mill Ridge Place?
The NDS-derived neighborhood median household income is approximately $88,646.
How affordable is Mill Ridge Place relative to household income?
The current Zillow home-value-to-household-income ratio is 3.23. Price-to-income affordability is a major Value Opportunity input.
Is Mill Ridge Place primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 59.7%.
What is the unemployment rate in Mill Ridge Place?
The NDS-derived civilian unemployment rate is approximately 5.2%.
How educated are residents of Mill Ridge Place?
Approximately 26.7% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Mill Ridge Place face high rent burden?
Approximately 27.1% 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 Mill Ridge Place?
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 applications11
Estimated originations7
Home-purchase applications4
Origination rate63.6%
Home-purchase share37.3%
Average application loan$160,482
Total application loan amount$1,775,383
National application rank#12,285 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 8.1% YoY; originations 5.1% 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.