What is the Best Neighborhoods USA ranking for The Elm?
The Elm is ranked #60 of 71 eligible neighborhoods in Wichita; #163 of 187 eligible neighborhoods in KS; and #11,488 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
The Elm
Wichita, KS | Sedgwick County
Scored premium profile
Best Neighborhoods USA Index
38.4
Stability and Strength
18.6
Value Opportunity
44.5
Momentum
61.6
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Wichita, KS |
| County | Sedgwick County |
| National rank | #11,488 of 14,967 |
| State rank | #163 of 187 |
| City rank | #60 of 71 |
| County rank | #60 of 71 |
| National percentile | 23.3 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $101,141 |
| Year-over-year home value change | 2.7% |
| Month-over-month home value change | -0.03% |
| Home value to income ratio | 2.64 |
| Median household income | $38,277 |
| Bachelor's degree or higher | 14.1% |
| Civilian unemployment rate | 10.2% |
| Homeownership rate | 52.2% |
| Housing vacancy rate | 20.6% |
| Rent burden 30% or higher | 58.5% |
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 The Elm
Is The Elm one of the best neighborhoods in Wichita?
The Elm has a Best Neighborhoods USA Index of 38.4 and a city ranking of #60 of 71 eligible neighborhoods in Wichita.
How much are homes worth in The Elm?
The current Zillow Home Value Index for The Elm is approximately $101,141.
Are home values rising or falling in The Elm?
Zillow neighborhood values changed 2.7% year over year and -0.03% month over month.
What is the Neighborhood Momentum Score for The Elm?
The Elm has a Neighborhood Momentum Score of 61.6. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in The Elm?
The NDS-derived neighborhood median household income is approximately $38,277.
How affordable is The Elm relative to household income?
The current Zillow home-value-to-household-income ratio is 2.64. Price-to-income affordability is a major Value Opportunity input.
Is The Elm primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 52.2%.
What is the unemployment rate in The Elm?
The NDS-derived civilian unemployment rate is approximately 10.2%.
How educated are residents of The Elm?
Approximately 14.1% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in The Elm face high rent burden?
Approximately 58.5% 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 The Elm?
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 applications16
Estimated originations9
Home-purchase applications9
Origination rate57.8%
Home-purchase share52.8%
Average application loan$110,997
Total application loan amount$1,822,252
National application rank#11,216 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 14.7% YoY; originations 10.3% 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.