What is the Best Neighborhoods USA ranking for Providence Park?
Providence Park is ranked #65 of 113 eligible neighborhoods in Richmond; #357 of 518 eligible neighborhoods in VA; and #8,806 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Providence Park
Richmond, VA | Richmond City
Scored premium profile
Best Neighborhoods USA Index
46.7
Stability and Strength
49.1
Value Opportunity
57.2
Momentum
28.2
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Richmond, VA |
| County | Richmond City |
| National rank | #8,806 of 14,967 |
| State rank | #357 of 518 |
| City rank | #65 of 113 |
| County rank | #65 of 113 |
| National percentile | 41.2 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $246,650 |
| Year-over-year home value change | -0.9% |
| Month-over-month home value change | -0.42% |
| Home value to income ratio | 3.87 |
| Median household income | $63,652 |
| Bachelor's degree or higher | 32.2% |
| Civilian unemployment rate | 0.6% |
| Homeownership rate | 65.5% |
| Housing vacancy rate | 17.0% |
| Rent burden 30% or higher | 57.3% |
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 Providence Park
Is Providence Park one of the best neighborhoods in Richmond?
Providence Park has a Best Neighborhoods USA Index of 46.7 and a city ranking of #65 of 113 eligible neighborhoods in Richmond.
How much are homes worth in Providence Park?
The current Zillow Home Value Index for Providence Park is approximately $246,650.
Are home values rising or falling in Providence Park?
Zillow neighborhood values changed -0.9% year over year and -0.42% month over month.
What is the Neighborhood Momentum Score for Providence Park?
Providence Park has a Neighborhood Momentum Score of 28.2. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Providence Park?
The NDS-derived neighborhood median household income is approximately $63,652.
How affordable is Providence Park relative to household income?
The current Zillow home-value-to-household-income ratio is 3.87. Price-to-income affordability is a major Value Opportunity input.
Is Providence Park primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 65.5%.
What is the unemployment rate in Providence Park?
The NDS-derived civilian unemployment rate is approximately 0.6%.
How educated are residents of Providence Park?
Approximately 32.2% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Providence Park face high rent burden?
Approximately 57.3% 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 Providence Park?
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 applications69
Estimated originations43
Home-purchase applications38
Origination rate63.0%
Home-purchase share55.2%
Average application loan$238,112
Total application loan amount$16,366,680
National application rank#5,898 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -4.2% YoY; originations 3.2% 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.