What is the Best Neighborhoods USA ranking for Forest Hill?
Forest Hill is ranked #7 of 113 eligible neighborhoods in Richmond; #15 of 518 eligible neighborhoods in VA; and #486 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Forest Hill
Richmond, VA | Richmond City
Scored premium profile
Best Neighborhoods USA Index
76.4
Stability and Strength
79.7
Value Opportunity
68.5
Momentum
82.1
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 | #486 of 14,967 |
| State rank | #15 of 518 |
| City rank | #7 of 113 |
| County rank | #7 of 113 |
| National percentile | 96.8 |
| National band | TOP_5_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $604,838 |
| Year-over-year home value change | 3.9% |
| Month-over-month home value change | 0.57% |
| Home value to income ratio | 5.27 |
| Median household income | $114,721 |
| Bachelor's degree or higher | 59.7% |
| Civilian unemployment rate | 1.6% |
| Homeownership rate | 75.1% |
| Housing vacancy rate | 0.0% |
| Rent burden 30% or higher | 34.5% |
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 Forest Hill
Is Forest Hill one of the best neighborhoods in Richmond?
Forest Hill has a Best Neighborhoods USA Index of 76.4 and a city ranking of #7 of 113 eligible neighborhoods in Richmond.
How much are homes worth in Forest Hill?
The current Zillow Home Value Index for Forest Hill is approximately $604,838.
Are home values rising or falling in Forest Hill?
Zillow neighborhood values changed 3.9% year over year and 0.57% month over month.
What is the Neighborhood Momentum Score for Forest Hill?
Forest Hill has a Neighborhood Momentum Score of 82.1. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Forest Hill?
The NDS-derived neighborhood median household income is approximately $114,721.
How affordable is Forest Hill relative to household income?
The current Zillow home-value-to-household-income ratio is 5.27. Price-to-income affordability is a major Value Opportunity input.
Is Forest Hill primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 75.1%.
What is the unemployment rate in Forest Hill?
The NDS-derived civilian unemployment rate is approximately 1.6%.
How educated are residents of Forest Hill?
Approximately 59.7% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Forest Hill face high rent burden?
Approximately 34.5% 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 Forest Hill?
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 applications47
Estimated originations34
Home-purchase applications26
Origination rate72.4%
Home-purchase share55.3%
Average application loan$294,069
Total application loan amount$13,894,480
National application rank#7,465 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 17.8% YoY; originations 41.8% 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.