What is the Best Neighborhoods USA ranking for Indian River?
Indian River is ranked #12 of 14 eligible neighborhoods in Chesapeake; #258 of 518 eligible neighborhoods in VA; and #6,101 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Indian River
Chesapeake, VA | Chesapeake City
Scored premium profile
Best Neighborhoods USA Index
54.0
Stability and Strength
41.4
Value Opportunity
48.5
Momentum
82.0
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Chesapeake, VA |
| County | Chesapeake City |
| National rank | #6,101 of 14,967 |
| State rank | #258 of 518 |
| City rank | #12 of 14 |
| County rank | #12 of 14 |
| National percentile | 59.3 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $331,666 |
| Year-over-year home value change | 3.8% |
| Month-over-month home value change | 0.63% |
| Home value to income ratio | 4.88 |
| Median household income | $68,017 |
| Bachelor's degree or higher | 27.5% |
| Civilian unemployment rate | 5.9% |
| Homeownership rate | 53.5% |
| Housing vacancy rate | 3.1% |
| Rent burden 30% or higher | 59.5% |
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 Indian River
Is Indian River one of the best neighborhoods in Chesapeake?
Indian River has a Best Neighborhoods USA Index of 54.0 and a city ranking of #12 of 14 eligible neighborhoods in Chesapeake.
How much are homes worth in Indian River?
The current Zillow Home Value Index for Indian River is approximately $331,666.
Are home values rising or falling in Indian River?
Zillow neighborhood values changed 3.8% year over year and 0.63% month over month.
What is the Neighborhood Momentum Score for Indian River?
Indian River has a Neighborhood Momentum Score of 82.0. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Indian River?
The NDS-derived neighborhood median household income is approximately $68,017.
How affordable is Indian River relative to household income?
The current Zillow home-value-to-household-income ratio is 4.88. Price-to-income affordability is a major Value Opportunity input.
Is Indian River primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 53.5%.
What is the unemployment rate in Indian River?
The NDS-derived civilian unemployment rate is approximately 5.9%.
How educated are residents of Indian River?
Approximately 27.5% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Indian River face high rent burden?
Approximately 59.5% 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 Indian River?
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 applications1,089
Estimated originations596
Home-purchase applications448
Origination rate54.8%
Home-purchase share41.2%
Average application loan$252,762
Total application loan amount$275,138,400
National application rank#154 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 13.1% YoY; originations 13.3% 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.