What is the Best Neighborhoods USA ranking for Three Chopt?
Three Chopt is ranked #4 of 113 eligible neighborhoods in Richmond; #7 of 518 eligible neighborhoods in VA; and #255 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Three Chopt
Richmond, VA | Richmond City
Scored premium profile
Best Neighborhoods USA Index
79.4
Stability and Strength
87.0
Value Opportunity
63.2
Momentum
90.0
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 | #255 of 14,967 |
| State rank | #7 of 518 |
| City rank | #4 of 113 |
| County rank | #4 of 113 |
| National percentile | 98.3 |
| National band | TOP_5_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $934,875 |
| Year-over-year home value change | 5.4% |
| Month-over-month home value change | 0.83% |
| Home value to income ratio | 7.37 |
| Median household income | $126,783 |
| Bachelor's degree or higher | 79.8% |
| Civilian unemployment rate | 0.0% |
| Homeownership rate | 80.3% |
| Housing vacancy rate | 5.1% |
| Rent burden 30% or higher | 9.6% |
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 Three Chopt
Is Three Chopt one of the best neighborhoods in Richmond?
Three Chopt has a Best Neighborhoods USA Index of 79.4 and a city ranking of #4 of 113 eligible neighborhoods in Richmond.
How much are homes worth in Three Chopt?
The current Zillow Home Value Index for Three Chopt is approximately $934,875.
Are home values rising or falling in Three Chopt?
Zillow neighborhood values changed 5.4% year over year and 0.83% month over month.
What is the Neighborhood Momentum Score for Three Chopt?
Three Chopt has a Neighborhood Momentum Score of 90.0. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Three Chopt?
The NDS-derived neighborhood median household income is approximately $126,783.
How affordable is Three Chopt relative to household income?
The current Zillow home-value-to-household-income ratio is 7.37. Price-to-income affordability is a major Value Opportunity input.
Is Three Chopt primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 80.3%.
What is the unemployment rate in Three Chopt?
The NDS-derived civilian unemployment rate is approximately 0.0%.
How educated are residents of Three Chopt?
Approximately 79.8% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Three Chopt face high rent burden?
Approximately 9.6% 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 Three Chopt?
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 applications59
Estimated originations35
Home-purchase applications30
Origination rate59.4%
Home-purchase share51.5%
Average application loan$782,270
Total application loan amount$46,065,449
National application rank#6,581 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 26.2% YoY; originations 11.1% 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.