What is the Best Neighborhoods USA ranking for Wessex Square?
Wessex Square is ranked #43 of 163 eligible neighborhoods in Charlotte; #161 of 535 eligible neighborhoods in NC; and #4,606 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Wessex Square
Charlotte, NC | Mecklenburg County
Scored premium profile
Best Neighborhoods USA Index
58.3
Stability and Strength
63.7
Value Opportunity
57.4
Momentum
50.7
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Charlotte, NC |
| County | Mecklenburg County |
| National rank | #4,606 of 14,967 |
| State rank | #161 of 535 |
| City rank | #43 of 163 |
| County rank | #43 of 163 |
| National percentile | 69.2 |
| National band | MIDDLE_50_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 | $733,828 |
| Year-over-year home value change | 1.5% |
| Month-over-month home value change | -0.15% |
| Home value to income ratio | 5.58 |
| Median household income | $131,596 |
| Bachelor's degree or higher | 72.3% |
| Civilian unemployment rate | 6.5% |
| Homeownership rate | 75.5% |
| Housing vacancy rate | 9.2% |
| Rent burden 30% or higher | 60.5% |
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 Wessex Square
Is Wessex Square one of the best neighborhoods in Charlotte?
Wessex Square has a Best Neighborhoods USA Index of 58.3 and a city ranking of #43 of 163 eligible neighborhoods in Charlotte.
How much are homes worth in Wessex Square?
The current Zillow Home Value Index for Wessex Square is approximately $733,828.
Are home values rising or falling in Wessex Square?
Zillow neighborhood values changed 1.5% year over year and -0.15% month over month.
What is the Neighborhood Momentum Score for Wessex Square?
Wessex Square has a Neighborhood Momentum Score of 50.7. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Wessex Square?
The NDS-derived neighborhood median household income is approximately $131,596.
How affordable is Wessex Square relative to household income?
The current Zillow home-value-to-household-income ratio is 5.58. Price-to-income affordability is a major Value Opportunity input.
Is Wessex Square primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 75.5%.
What is the unemployment rate in Wessex Square?
The NDS-derived civilian unemployment rate is approximately 6.5%.
How educated are residents of Wessex Square?
Approximately 72.3% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Wessex Square face high rent burden?
Approximately 60.5% 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 Wessex Square?
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 applications263
Estimated originations183
Home-purchase applications125
Origination rate69.7%
Home-purchase share47.4%
Average application loan$366,931
Total application loan amount$96,482,303
National application rank#1,458 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 7.3% YoY; originations 10.2% 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.