What is the Best Neighborhoods USA ranking for Virginia Park?
Virginia Park is ranked #58 of 80 eligible neighborhoods in Detroit; #302 of 334 eligible neighborhoods in MI; and #13,898 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Virginia Park
Detroit, MI | Wayne County
Scored premium profile
Best Neighborhoods USA Index
27.2
Stability and Strength
23.4
Value Opportunity
34.1
Momentum
23.9
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Detroit, MI |
| County | Wayne County |
| National rank | #13,898 of 14,967 |
| State rank | #302 of 334 |
| City rank | #58 of 80 |
| County rank | #101 of 123 |
| National percentile | 7.2 |
| National band | LOWER_25_PERCENT |
Neighborhood Expert Opportunity
Become the Neighborhood Expert for this market
Inquire about this marketUnsold commercial placement. No local expert is currently assigned.
Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $209,811 |
| Year-over-year home value change | -10.3% |
| Month-over-month home value change | 0.38% |
| Home value to income ratio | 5.25 |
| Median household income | $39,984 |
| Bachelor's degree or higher | 50.4% |
| Civilian unemployment rate | 12.6% |
| Homeownership rate | 21.6% |
| Housing vacancy rate | 25.1% |
| Rent burden 30% or higher | 56.6% |
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 Virginia Park
Is Virginia Park one of the best neighborhoods in Detroit?
Virginia Park has a Best Neighborhoods USA Index of 27.2 and a city ranking of #58 of 80 eligible neighborhoods in Detroit.
How much are homes worth in Virginia Park?
The current Zillow Home Value Index for Virginia Park is approximately $209,811.
Are home values rising or falling in Virginia Park?
Zillow neighborhood values changed -10.3% year over year and 0.38% month over month.
What is the Neighborhood Momentum Score for Virginia Park?
Virginia Park has a Neighborhood Momentum Score of 23.9. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Virginia Park?
The NDS-derived neighborhood median household income is approximately $39,984.
How affordable is Virginia Park relative to household income?
The current Zillow home-value-to-household-income ratio is 5.25. Price-to-income affordability is a major Value Opportunity input.
Is Virginia Park primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 21.6%.
What is the unemployment rate in Virginia Park?
The NDS-derived civilian unemployment rate is approximately 12.6%.
How educated are residents of Virginia Park?
Approximately 50.4% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Virginia Park face high rent burden?
Approximately 56.6% 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 Virginia 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 applications67
Estimated originations34
Home-purchase applications31
Origination rate50.6%
Home-purchase share46.4%
Average application loan$213,054
Total application loan amount$14,220,724
National application rank#6,026 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 41.9% YoY; originations 48.0% 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.