What is the Best Neighborhoods USA ranking for Hickory Ridge?
Hickory Ridge is ranked #123 of 163 eligible neighborhoods in Charlotte; #429 of 535 eligible neighborhoods in NC; and #12,176 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Hickory Ridge
Charlotte, NC | Mecklenburg County
Scored premium profile
Best Neighborhoods USA Index
35.8
Stability and Strength
34.4
Value Opportunity
40.3
Momentum
31.6
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 | #12,176 of 14,967 |
| State rank | #429 of 535 |
| City rank | #123 of 163 |
| County rank | #123 of 163 |
| National percentile | 18.6 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $303,163 |
| Year-over-year home value change | -1.5% |
| Month-over-month home value change | -0.05% |
| Home value to income ratio | 5.17 |
| Median household income | $58,666 |
| Bachelor's degree or higher | 17.1% |
| Civilian unemployment rate | 6.5% |
| Homeownership rate | 56.1% |
| Housing vacancy rate | 4.9% |
| Rent burden 30% or higher | 57.7% |
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 Hickory Ridge
Is Hickory Ridge one of the best neighborhoods in Charlotte?
Hickory Ridge has a Best Neighborhoods USA Index of 35.8 and a city ranking of #123 of 163 eligible neighborhoods in Charlotte.
How much are homes worth in Hickory Ridge?
The current Zillow Home Value Index for Hickory Ridge is approximately $303,163.
Are home values rising or falling in Hickory Ridge?
Zillow neighborhood values changed -1.5% year over year and -0.05% month over month.
What is the Neighborhood Momentum Score for Hickory Ridge?
Hickory Ridge has a Neighborhood Momentum Score of 31.6. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Hickory Ridge?
The NDS-derived neighborhood median household income is approximately $58,666.
How affordable is Hickory Ridge relative to household income?
The current Zillow home-value-to-household-income ratio is 5.17. Price-to-income affordability is a major Value Opportunity input.
Is Hickory Ridge primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 56.1%.
What is the unemployment rate in Hickory Ridge?
The NDS-derived civilian unemployment rate is approximately 6.5%.
How educated are residents of Hickory Ridge?
Approximately 17.1% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Hickory Ridge face high rent burden?
Approximately 57.7% 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 Hickory Ridge?
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 applications248
Estimated originations148
Home-purchase applications111
Origination rate59.7%
Home-purchase share44.8%
Average application loan$1,600,653
Total application loan amount$396,573,961
National application rank#1,570 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -4.2% YoY; originations 5.7% 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.