What is the Best Neighborhoods USA ranking for Minnehaha?
Minnehaha is ranked #15 of 26 eligible neighborhoods in Spokane; #370 of 533 eligible neighborhoods in WA; and #10,165 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Minnehaha
Spokane, WA | Spokane County
Scored premium profile
Best Neighborhoods USA Index
42.7
Stability and Strength
45.5
Value Opportunity
51.7
Momentum
25.6
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Spokane, WA |
| County | Spokane County |
| National rank | #10,165 of 14,967 |
| State rank | #370 of 533 |
| City rank | #15 of 26 |
| County rank | #16 of 27 |
| National percentile | 32.1 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $313,380 |
| Year-over-year home value change | -1.2% |
| Month-over-month home value change | -0.45% |
| Home value to income ratio | 4.05 |
| Median household income | $77,389 |
| Bachelor's degree or higher | 19.5% |
| Civilian unemployment rate | 9.6% |
| Homeownership rate | 67.0% |
| Housing vacancy rate | 1.4% |
| Rent burden 30% or higher | 36.7% |
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 Minnehaha
Is Minnehaha one of the best neighborhoods in Spokane?
Minnehaha has a Best Neighborhoods USA Index of 42.7 and a city ranking of #15 of 26 eligible neighborhoods in Spokane.
How much are homes worth in Minnehaha?
The current Zillow Home Value Index for Minnehaha is approximately $313,380.
Are home values rising or falling in Minnehaha?
Zillow neighborhood values changed -1.2% year over year and -0.45% month over month.
What is the Neighborhood Momentum Score for Minnehaha?
Minnehaha has a Neighborhood Momentum Score of 25.6. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Minnehaha?
The NDS-derived neighborhood median household income is approximately $77,389.
How affordable is Minnehaha relative to household income?
The current Zillow home-value-to-household-income ratio is 4.05. Price-to-income affordability is a major Value Opportunity input.
Is Minnehaha primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 67.0%.
What is the unemployment rate in Minnehaha?
The NDS-derived civilian unemployment rate is approximately 9.6%.
How educated are residents of Minnehaha?
Approximately 19.5% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Minnehaha face high rent burden?
Approximately 36.7% 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 Minnehaha?
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 applications72
Estimated originations40
Home-purchase applications28
Origination rate56.1%
Home-purchase share39.2%
Average application loan$177,256
Total application loan amount$12,678,876
National application rank#5,724 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -1.1% YoY; originations -5.9% 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.