What is the Best Neighborhoods USA ranking for Reid Park?
Reid Park is ranked #156 of 163 eligible neighborhoods in Charlotte; #505 of 535 eligible neighborhoods in NC; and #14,013 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Reid Park
Charlotte, NC | Mecklenburg County
Scored premium profile
Best Neighborhoods USA Index
26.5
Stability and Strength
19.6
Value Opportunity
29.2
Momentum
33.8
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 | #14,013 of 14,967 |
| State rank | #505 of 535 |
| City rank | #156 of 163 |
| County rank | #156 of 163 |
| National percentile | 6.4 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $265,827 |
| Year-over-year home value change | -0.3% |
| Month-over-month home value change | -0.32% |
| Home value to income ratio | 6.48 |
| Median household income | $40,995 |
| Bachelor's degree or higher | 15.8% |
| Civilian unemployment rate | 10.0% |
| Homeownership rate | 26.4% |
| Housing vacancy rate | 2.8% |
| Rent burden 30% or higher | 76.0% |
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 Reid Park
Is Reid Park one of the best neighborhoods in Charlotte?
Reid Park has a Best Neighborhoods USA Index of 26.5 and a city ranking of #156 of 163 eligible neighborhoods in Charlotte.
How much are homes worth in Reid Park?
The current Zillow Home Value Index for Reid Park is approximately $265,827.
Are home values rising or falling in Reid Park?
Zillow neighborhood values changed -0.3% year over year and -0.32% month over month.
What is the Neighborhood Momentum Score for Reid Park?
Reid Park has a Neighborhood Momentum Score of 33.8. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Reid Park?
The NDS-derived neighborhood median household income is approximately $40,995.
How affordable is Reid Park relative to household income?
The current Zillow home-value-to-household-income ratio is 6.48. Price-to-income affordability is a major Value Opportunity input.
Is Reid Park primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 26.4%.
What is the unemployment rate in Reid Park?
The NDS-derived civilian unemployment rate is approximately 10.0%.
How educated are residents of Reid Park?
Approximately 15.8% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Reid Park face high rent burden?
Approximately 76.0% 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 Reid 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 applications77
Estimated originations43
Home-purchase applications52
Origination rate56.1%
Home-purchase share67.7%
Average application loan$319,968
Total application loan amount$24,600,296
National application rank#5,398 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -1.7% YoY; originations -1.5% 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.