What is the Best Neighborhoods USA ranking for Central City?
Central City is ranked #13 of 13 eligible neighborhoods in Gresham; #252 of 254 eligible neighborhoods in OR; and #14,680 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Central City
Gresham, OR | Multnomah County
Scored premium profile
Best Neighborhoods USA Index
19.7
Stability and Strength
24.3
Value Opportunity
22.8
Momentum
8.0
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Gresham, OR |
| County | Multnomah County |
| National rank | #14,680 of 14,967 |
| State rank | #252 of 254 |
| City rank | #13 of 13 |
| County rank | #104 of 104 |
| National percentile | 1.9 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $375,433 |
| Year-over-year home value change | -4.9% |
| Month-over-month home value change | -0.50% |
| Home value to income ratio | 9.58 |
| Median household income | $39,204 |
| Bachelor's degree or higher | 28.5% |
| Civilian unemployment rate | 7.9% |
| Homeownership rate | 19.6% |
| Housing vacancy rate | 8.0% |
| Rent burden 30% or higher | 55.2% |
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 Central City
Is Central City one of the best neighborhoods in Gresham?
Central City has a Best Neighborhoods USA Index of 19.7 and a city ranking of #13 of 13 eligible neighborhoods in Gresham.
How much are homes worth in Central City?
The current Zillow Home Value Index for Central City is approximately $375,433.
Are home values rising or falling in Central City?
Zillow neighborhood values changed -4.9% year over year and -0.50% month over month.
What is the Neighborhood Momentum Score for Central City?
Central City has a Neighborhood Momentum Score of 8.0. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Central City?
The NDS-derived neighborhood median household income is approximately $39,204.
How affordable is Central City relative to household income?
The current Zillow home-value-to-household-income ratio is 9.58. Price-to-income affordability is a major Value Opportunity input.
Is Central City primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 19.6%.
What is the unemployment rate in Central City?
The NDS-derived civilian unemployment rate is approximately 7.9%.
How educated are residents of Central City?
Approximately 28.5% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Central City face high rent burden?
Approximately 55.2% 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 Central City?
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 applications70
Estimated originations43
Home-purchase applications33
Origination rate60.6%
Home-purchase share47.3%
Average application loan$266,154
Total application loan amount$18,704,188
National application rank#5,798 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 21.0% YoY; originations 8.6% 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.