Neighborhood Profile

Touchstone Village-Elm Lane

Charlotte, NC | Mecklenburg County
Scored premium profile
Best Neighborhoods USA Index
43.4
National rank: #9,920 of 14,967
Stability and Strength
43.0
Score
Value Opportunity
40.2
Score
Momentum
48.5
Score
Score note: Rankings show denominators so users always see the size of the eligible cohort.
ContextValue
LocationCharlotte, NC
CountyMecklenburg County
National rank#9,920 of 14,967
State rank#343 of 535
City rank#92 of 163
County rank#92 of 163
National percentile33.7
National bandMIDDLE_50_PERCENT
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Housing and local fundamentals

Housing and market metricsValue
Current Zillow home value$574,257
Year-over-year home value change0.5%
Month-over-month home value change0.00%
Home value to income ratio8.05
Median household income$71,377
Bachelor's degree or higher50.3%
Civilian unemployment rate7.3%
Homeownership rate37.2%
Housing vacancy rate2.8%
Rent burden 30% or higher61.8%

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 Touchstone Village-Elm Lane

What is the Best Neighborhoods USA ranking for Touchstone Village-Elm Lane?

Touchstone Village-Elm Lane is ranked #92 of 163 eligible neighborhoods in Charlotte; #343 of 535 eligible neighborhoods in NC; and #9,920 of 14,967 eligible neighborhoods in the United States.

Is Touchstone Village-Elm Lane one of the best neighborhoods in Charlotte?

Touchstone Village-Elm Lane has a Best Neighborhoods USA Index of 43.4 and a city ranking of #92 of 163 eligible neighborhoods in Charlotte.

How much are homes worth in Touchstone Village-Elm Lane?

The current Zillow Home Value Index for Touchstone Village-Elm Lane is approximately $574,257.

Are home values rising or falling in Touchstone Village-Elm Lane?

Zillow neighborhood values changed 0.5% year over year and 0.00% month over month.

What is the Neighborhood Momentum Score for Touchstone Village-Elm Lane?

Touchstone Village-Elm Lane has a Neighborhood Momentum Score of 48.5. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.

What is the median household income in Touchstone Village-Elm Lane?

The NDS-derived neighborhood median household income is approximately $71,377.

How affordable is Touchstone Village-Elm Lane relative to household income?

The current Zillow home-value-to-household-income ratio is 8.05. Price-to-income affordability is a major Value Opportunity input.

Is Touchstone Village-Elm Lane primarily homeowners or renters?

The NDS-derived homeownership rate is approximately 37.2%.

What is the unemployment rate in Touchstone Village-Elm Lane?

The NDS-derived civilian unemployment rate is approximately 7.3%.

How educated are residents of Touchstone Village-Elm Lane?

Approximately 50.3% of residents age 25 and older are estimated to have a bachelor's degree or higher.

What share of renters in Touchstone Village-Elm Lane face high rent burden?

Approximately 61.8% 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 Touchstone Village-Elm Lane?

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

FULL_OR_NEAR_FULL

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 applications48
Estimated originations38
Home-purchase applications16
Origination rate78.7%
Home-purchase share33.4%
Average application loan$313,100
Total application loan amount$15,081,662
National application rank#7,384 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 2.2% YoY; originations 35.1% 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.