What is the Best Neighborhoods USA ranking for Westlake Hills?
Westlake Hills is ranked #88 of 113 eligible neighborhoods in Richmond; #435 of 518 eligible neighborhoods in VA; and #10,984 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Westlake Hills
Richmond, VA | Richmond City
Scored premium profile
Best Neighborhoods USA Index
40.1
Stability and Strength
32.6
Value Opportunity
32.9
Momentum
62.2
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 | #10,984 of 14,967 |
| State rank | #435 of 518 |
| City rank | #88 of 113 |
| County rank | #88 of 113 |
| National percentile | 26.6 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $392,561 |
| Year-over-year home value change | 1.1% |
| Month-over-month home value change | 0.37% |
| Home value to income ratio | 7.59 |
| Median household income | $51,713 |
| Bachelor's degree or higher | 41.7% |
| Civilian unemployment rate | 4.4% |
| Homeownership rate | 29.2% |
| Housing vacancy rate | 16.1% |
| Rent burden 30% or higher | 64.2% |
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 Westlake Hills
Is Westlake Hills one of the best neighborhoods in Richmond?
Westlake Hills has a Best Neighborhoods USA Index of 40.1 and a city ranking of #88 of 113 eligible neighborhoods in Richmond.
How much are homes worth in Westlake Hills?
The current Zillow Home Value Index for Westlake Hills is approximately $392,561.
Are home values rising or falling in Westlake Hills?
Zillow neighborhood values changed 1.1% year over year and 0.37% month over month.
What is the Neighborhood Momentum Score for Westlake Hills?
Westlake Hills has a Neighborhood Momentum Score of 62.2. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Westlake Hills?
The NDS-derived neighborhood median household income is approximately $51,713.
How affordable is Westlake Hills relative to household income?
The current Zillow home-value-to-household-income ratio is 7.59. Price-to-income affordability is a major Value Opportunity input.
Is Westlake Hills primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 29.2%.
What is the unemployment rate in Westlake Hills?
The NDS-derived civilian unemployment rate is approximately 4.4%.
How educated are residents of Westlake Hills?
Approximately 41.7% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Westlake Hills face high rent burden?
Approximately 64.2% 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 Westlake Hills?
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 applications46
Estimated originations31
Home-purchase applications22
Origination rate68.7%
Home-purchase share48.6%
Average application loan$247,961
Total application loan amount$11,329,614
National application rank#7,618 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 7.2% YoY; originations 15.0% 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.