What is the Best Neighborhoods USA ranking for Terrace Hills?
Terrace Hills is ranked #60 of 108 eligible neighborhoods in Mobile; #129 of 258 eligible neighborhoods in AL; and #10,020 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Terrace Hills
Mobile, AL | Mobile County
Scored premium profile
Best Neighborhoods USA Index
43.1
Stability and Strength
39.8
Value Opportunity
50.1
Momentum
38.4
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Mobile, AL |
| County | Mobile County |
| National rank | #10,020 of 14,967 |
| State rank | #129 of 258 |
| City rank | #60 of 108 |
| County rank | #88 of 148 |
| National percentile | 33.1 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $210,162 |
| Year-over-year home value change | -0.9% |
| Month-over-month home value change | 0.02% |
| Home value to income ratio | 3.68 |
| Median household income | $57,140 |
| Bachelor's degree or higher | 28.2% |
| Civilian unemployment rate | 4.8% |
| Homeownership rate | 68.3% |
| Housing vacancy rate | 17.0% |
| Rent burden 30% or higher | 51.3% |
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 Terrace Hills
Is Terrace Hills one of the best neighborhoods in Mobile?
Terrace Hills has a Best Neighborhoods USA Index of 43.1 and a city ranking of #60 of 108 eligible neighborhoods in Mobile.
How much are homes worth in Terrace Hills?
The current Zillow Home Value Index for Terrace Hills is approximately $210,162.
Are home values rising or falling in Terrace Hills?
Zillow neighborhood values changed -0.9% year over year and 0.02% month over month.
What is the Neighborhood Momentum Score for Terrace Hills?
Terrace Hills has a Neighborhood Momentum Score of 38.4. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Terrace Hills?
The NDS-derived neighborhood median household income is approximately $57,140.
How affordable is Terrace Hills relative to household income?
The current Zillow home-value-to-household-income ratio is 3.68. Price-to-income affordability is a major Value Opportunity input.
Is Terrace Hills primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 68.3%.
What is the unemployment rate in Terrace Hills?
The NDS-derived civilian unemployment rate is approximately 4.8%.
How educated are residents of Terrace Hills?
Approximately 28.2% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Terrace Hills face high rent burden?
Approximately 51.3% 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 Terrace Hills?
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 applications147
Estimated originations73
Home-purchase applications48
Origination rate49.3%
Home-purchase share32.4%
Average application loan$142,923
Total application loan amount$21,072,664
National application rank#2,984 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 21.3% YoY; originations 4.3% 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.