What is the Best Neighborhoods USA ranking for Grandmont No.1?
Grandmont No.1 is ranked #5 of 80 eligible neighborhoods in Detroit; #116 of 334 eligible neighborhoods in MI; and #4,573 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Grandmont No.1
Detroit, MI | Wayne County
Scored premium profile
Best Neighborhoods USA Index
58.4
Stability and Strength
35.0
Value Opportunity
57.4
Momentum
97.2
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Detroit, MI |
| County | Wayne County |
| National rank | #4,573 of 14,967 |
| State rank | #116 of 334 |
| City rank | #5 of 80 |
| County rank | #32 of 123 |
| National percentile | 69.5 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $157,539 |
| Year-over-year home value change | 13.1% |
| Month-over-month home value change | 0.78% |
| Home value to income ratio | 1.93 |
| Median household income | $81,825 |
| Bachelor's degree or higher | 20.1% |
| Civilian unemployment rate | 11.5% |
| Homeownership rate | 77.7% |
| Housing vacancy rate | 12.1% |
| Rent burden 30% or higher | 71.6% |
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 Grandmont No.1
Is Grandmont No.1 one of the best neighborhoods in Detroit?
Grandmont No.1 has a Best Neighborhoods USA Index of 58.4 and a city ranking of #5 of 80 eligible neighborhoods in Detroit.
How much are homes worth in Grandmont No.1?
The current Zillow Home Value Index for Grandmont No.1 is approximately $157,539.
Are home values rising or falling in Grandmont No.1?
Zillow neighborhood values changed 13.1% year over year and 0.78% month over month.
What is the Neighborhood Momentum Score for Grandmont No.1?
Grandmont No.1 has a Neighborhood Momentum Score of 97.2. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Grandmont No.1?
The NDS-derived neighborhood median household income is approximately $81,825.
How affordable is Grandmont No.1 relative to household income?
The current Zillow home-value-to-household-income ratio is 1.93. Price-to-income affordability is a major Value Opportunity input.
Is Grandmont No.1 primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 77.7%.
What is the unemployment rate in Grandmont No.1?
The NDS-derived civilian unemployment rate is approximately 11.5%.
How educated are residents of Grandmont No.1?
Approximately 20.1% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Grandmont No.1 face high rent burden?
Approximately 71.6% 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 Grandmont No.1?
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 applications44
Estimated originations21
Home-purchase applications19
Origination rate47.0%
Home-purchase share43.6%
Average application loan$105,269
Total application loan amount$4,645,939
National application rank#7,744 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -6.4% YoY; originations -3.5% 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.