Neighborhood Profile

Washington Heights

Charlotte, NC | Mecklenburg County
Scored premium profile
Best Neighborhoods USA Index
37.9
National rank: #11,617 of 14,967
Stability and Strength
19.3
Score
Value Opportunity
25.1
Score
Momentum
85.6
Score
Score note: Rankings show denominators so users always see the size of the eligible cohort.
ContextValue
LocationCharlotte, NC
CountyMecklenburg County
National rank#11,617 of 14,967
State rank#404 of 535
City rank#112 of 163
County rank#112 of 163
National percentile22.4
National bandLOWER_25_PERCENT
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Housing and local fundamentals

Housing and market metricsValue
Current Zillow home value$243,559
Year-over-year home value change6.6%
Month-over-month home value change0.27%
Home value to income ratio6.85
Median household income$35,547
Bachelor's degree or higher1.4%
Civilian unemployment rate6.9%
Homeownership rate41.9%
Housing vacancy rate6.3%
Rent burden 30% or higher73.2%

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 Washington Heights

What is the Best Neighborhoods USA ranking for Washington Heights?

Washington Heights is ranked #112 of 163 eligible neighborhoods in Charlotte; #404 of 535 eligible neighborhoods in NC; and #11,617 of 14,967 eligible neighborhoods in the United States.

Is Washington Heights one of the best neighborhoods in Charlotte?

Washington Heights has a Best Neighborhoods USA Index of 37.9 and a city ranking of #112 of 163 eligible neighborhoods in Charlotte.

How much are homes worth in Washington Heights?

The current Zillow Home Value Index for Washington Heights is approximately $243,559.

Are home values rising or falling in Washington Heights?

Zillow neighborhood values changed 6.6% year over year and 0.27% month over month.

What is the Neighborhood Momentum Score for Washington Heights?

Washington Heights has a Neighborhood Momentum Score of 85.6. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.

What is the median household income in Washington Heights?

The NDS-derived neighborhood median household income is approximately $35,547.

How affordable is Washington Heights relative to household income?

The current Zillow home-value-to-household-income ratio is 6.85. Price-to-income affordability is a major Value Opportunity input.

Is Washington Heights primarily homeowners or renters?

The NDS-derived homeownership rate is approximately 41.9%.

What is the unemployment rate in Washington Heights?

The NDS-derived civilian unemployment rate is approximately 6.9%.

How educated are residents of Washington Heights?

Approximately 1.4% of residents age 25 and older are estimated to have a bachelor's degree or higher.

What share of renters in Washington Heights face high rent burden?

Approximately 73.2% 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 Washington Heights?

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 applications55
Estimated originations29
Home-purchase applications24
Origination rate53.1%
Home-purchase share42.6%
Average application loan$176,538
Total application loan amount$9,730,642
National application rank#6,853 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -5.6% YoY; originations 3.5% 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.