What is the Best Neighborhoods USA ranking for Sheffield Village?
Sheffield Village is ranked #15 of 117 eligible neighborhoods in Oakland; #260 of 1,814 eligible neighborhoods in CA; and #2,940 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Sheffield Village
Oakland, CA | Alameda County
Scored premium profile
Best Neighborhoods USA Index
63.5
Stability and Strength
83.3
Value Opportunity
70.1
Momentum
22.3
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Oakland, CA |
| County | Alameda County |
| National rank | #2,940 of 14,967 |
| State rank | #260 of 1,814 |
| City rank | #15 of 117 |
| County rank | #31 of 202 |
| National percentile | 80.4 |
| National band | TOP_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $990,110 |
| Year-over-year home value change | -2.6% |
| Month-over-month home value change | -0.14% |
| Home value to income ratio | 5.35 |
| Median household income | $185,135 |
| Bachelor's degree or higher | 63.0% |
| Civilian unemployment rate | 2.5% |
| Homeownership rate | 83.2% |
| Housing vacancy rate | 1.9% |
| Rent burden 30% or higher | 38.8% |
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 Sheffield Village
Is Sheffield Village one of the best neighborhoods in Oakland?
Sheffield Village has a Best Neighborhoods USA Index of 63.5 and a city ranking of #15 of 117 eligible neighborhoods in Oakland.
How much are homes worth in Sheffield Village?
The current Zillow Home Value Index for Sheffield Village is approximately $990,110.
Are home values rising or falling in Sheffield Village?
Zillow neighborhood values changed -2.6% year over year and -0.14% month over month.
What is the Neighborhood Momentum Score for Sheffield Village?
Sheffield Village has a Neighborhood Momentum Score of 22.3. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Sheffield Village?
The NDS-derived neighborhood median household income is approximately $185,135.
How affordable is Sheffield Village relative to household income?
The current Zillow home-value-to-household-income ratio is 5.35. Price-to-income affordability is a major Value Opportunity input.
Is Sheffield Village primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 83.2%.
What is the unemployment rate in Sheffield Village?
The NDS-derived civilian unemployment rate is approximately 2.5%.
How educated are residents of Sheffield Village?
Approximately 63.0% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Sheffield Village face high rent burden?
Approximately 38.8% 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 Sheffield Village?
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 applications10
Estimated originations6
Home-purchase applications3
Origination rate60.4%
Home-purchase share34.4%
Average application loan$489,787
Total application loan amount$4,864,600
National application rank#12,518 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 8.7% YoY; originations 17.9% 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.