Neighborhood Profile

Mineral Springs-Rumble Road

Charlotte, NC | Mecklenburg County
Scored premium profile
Best Neighborhoods USA Index
47.1
National rank: #8,672 of 14,967
Stability and Strength
52.6
Score
Value Opportunity
59.9
Score
Momentum
20.3
Score
Score note: Rankings show denominators so users always see the size of the eligible cohort.
ContextValue
LocationCharlotte, NC
CountyMecklenburg County
National rank#8,672 of 14,967
State rank#293 of 535
City rank#81 of 163
County rank#81 of 163
National percentile42.1
National bandMIDDLE_50_PERCENT
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Housing and local fundamentals

Housing and market metricsValue
Current Zillow home value$322,938
Year-over-year home value change-2.2%
Month-over-month home value change-0.35%
Home value to income ratio4.39
Median household income$73,488
Bachelor's degree or higher47.8%
Civilian unemployment rate1.6%
Homeownership rate26.2%
Housing vacancy rate9.0%
Rent burden 30% or higher43.2%

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 Mineral Springs-Rumble Road

What is the Best Neighborhoods USA ranking for Mineral Springs-Rumble Road?

Mineral Springs-Rumble Road is ranked #81 of 163 eligible neighborhoods in Charlotte; #293 of 535 eligible neighborhoods in NC; and #8,672 of 14,967 eligible neighborhoods in the United States.

Is Mineral Springs-Rumble Road one of the best neighborhoods in Charlotte?

Mineral Springs-Rumble Road has a Best Neighborhoods USA Index of 47.1 and a city ranking of #81 of 163 eligible neighborhoods in Charlotte.

How much are homes worth in Mineral Springs-Rumble Road?

The current Zillow Home Value Index for Mineral Springs-Rumble Road is approximately $322,938.

Are home values rising or falling in Mineral Springs-Rumble Road?

Zillow neighborhood values changed -2.2% year over year and -0.35% month over month.

What is the Neighborhood Momentum Score for Mineral Springs-Rumble Road?

Mineral Springs-Rumble Road has a Neighborhood Momentum Score of 20.3. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.

What is the median household income in Mineral Springs-Rumble Road?

The NDS-derived neighborhood median household income is approximately $73,488.

How affordable is Mineral Springs-Rumble Road relative to household income?

The current Zillow home-value-to-household-income ratio is 4.39. Price-to-income affordability is a major Value Opportunity input.

Is Mineral Springs-Rumble Road primarily homeowners or renters?

The NDS-derived homeownership rate is approximately 26.2%.

What is the unemployment rate in Mineral Springs-Rumble Road?

The NDS-derived civilian unemployment rate is approximately 1.6%.

How educated are residents of Mineral Springs-Rumble Road?

Approximately 47.8% of residents age 25 and older are estimated to have a bachelor's degree or higher.

What share of renters in Mineral Springs-Rumble Road face high rent burden?

Approximately 43.2% 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 Mineral Springs-Rumble Road?

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

FULL_OR_NEAR_FULL

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 applications515
Estimated originations319
Home-purchase applications362
Origination rate62.0%
Home-purchase share70.3%
Average application loan$246,190
Total application loan amount$126,775,182
National application rank#530 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 51.4% YoY; originations 70.2% 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.