What is the Best Neighborhoods USA ranking for Oak Forest?
Oak Forest is ranked #127 of 163 eligible neighborhoods in Charlotte; #435 of 535 eligible neighborhoods in NC; and #12,290 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Oak Forest
Charlotte, NC | Mecklenburg County
Scored premium profile
Best Neighborhoods USA Index
35.3
Stability and Strength
24.0
Value Opportunity
30.9
Momentum
59.7
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Charlotte, NC |
| County | Mecklenburg County |
| National rank | #12,290 of 14,967 |
| State rank | #435 of 535 |
| City rank | #127 of 163 |
| County rank | #127 of 163 |
| National percentile | 17.9 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $281,417 |
| Year-over-year home value change | 2.1% |
| Month-over-month home value change | 0.02% |
| Home value to income ratio | 6.05 |
| Median household income | $46,552 |
| Bachelor's degree or higher | 15.5% |
| Civilian unemployment rate | 8.7% |
| Homeownership rate | 31.4% |
| Housing vacancy rate | 5.3% |
| Rent burden 30% or higher | 54.8% |
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 Oak Forest
Is Oak Forest one of the best neighborhoods in Charlotte?
Oak Forest has a Best Neighborhoods USA Index of 35.3 and a city ranking of #127 of 163 eligible neighborhoods in Charlotte.
How much are homes worth in Oak Forest?
The current Zillow Home Value Index for Oak Forest is approximately $281,417.
Are home values rising or falling in Oak Forest?
Zillow neighborhood values changed 2.1% year over year and 0.02% month over month.
What is the Neighborhood Momentum Score for Oak Forest?
Oak Forest has a Neighborhood Momentum Score of 59.7. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Oak Forest?
The NDS-derived neighborhood median household income is approximately $46,552.
How affordable is Oak Forest relative to household income?
The current Zillow home-value-to-household-income ratio is 6.05. Price-to-income affordability is a major Value Opportunity input.
Is Oak Forest primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 31.4%.
What is the unemployment rate in Oak Forest?
The NDS-derived civilian unemployment rate is approximately 8.7%.
How educated are residents of Oak Forest?
Approximately 15.5% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Oak Forest face high rent burden?
Approximately 54.8% 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 Oak Forest?
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 applications157
Estimated originations80
Home-purchase applications54
Origination rate51.2%
Home-purchase share34.7%
Average application loan$353,340
Total application loan amount$55,393,601
National application rank#2,801 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -3.6% YoY; originations -4.0% 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.