What is the Best Neighborhoods USA ranking for Fairmount?
Fairmount is ranked #94 of 113 eligible neighborhoods in Richmond; #461 of 518 eligible neighborhoods in VA; and #12,241 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Fairmount
Richmond, VA | Richmond City
Scored premium profile
Best Neighborhoods USA Index
35.5
Stability and Strength
31.6
Value Opportunity
31.8
Momentum
47.0
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 | #12,241 of 14,967 |
| State rank | #461 of 518 |
| City rank | #94 of 113 |
| County rank | #94 of 113 |
| National percentile | 18.2 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $314,248 |
| Year-over-year home value change | 2.1% |
| Month-over-month home value change | -0.75% |
| Home value to income ratio | 7.30 |
| Median household income | $43,042 |
| Bachelor's degree or higher | 31.8% |
| Civilian unemployment rate | 6.5% |
| Homeownership rate | 34.0% |
| Housing vacancy rate | 5.2% |
| Rent burden 30% or higher | 54.0% |
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 Fairmount
Is Fairmount one of the best neighborhoods in Richmond?
Fairmount has a Best Neighborhoods USA Index of 35.5 and a city ranking of #94 of 113 eligible neighborhoods in Richmond.
How much are homes worth in Fairmount?
The current Zillow Home Value Index for Fairmount is approximately $314,248.
Are home values rising or falling in Fairmount?
Zillow neighborhood values changed 2.1% year over year and -0.75% month over month.
What is the Neighborhood Momentum Score for Fairmount?
Fairmount has a Neighborhood Momentum Score of 47.0. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Fairmount?
The NDS-derived neighborhood median household income is approximately $43,042.
How affordable is Fairmount relative to household income?
The current Zillow home-value-to-household-income ratio is 7.30. Price-to-income affordability is a major Value Opportunity input.
Is Fairmount primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 34.0%.
What is the unemployment rate in Fairmount?
The NDS-derived civilian unemployment rate is approximately 6.5%.
How educated are residents of Fairmount?
Approximately 31.8% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Fairmount face high rent burden?
Approximately 54.0% 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 Fairmount?
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 applications45
Estimated originations28
Home-purchase applications24
Origination rate61.6%
Home-purchase share53.6%
Average application loan$212,474
Total application loan amount$9,632,071
National application rank#7,652 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 3.8% YoY; originations 2.8% 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.