What is the Best Neighborhoods USA ranking for Hillsborough?
Hillsborough is ranked #10 of 18 eligible neighborhoods in Raleigh; #307 of 535 eligible neighborhoods in NC; and #9,127 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Hillsborough
Raleigh, NC | Wake County
Scored premium profile
Best Neighborhoods USA Index
45.8
Stability and Strength
50.3
Value Opportunity
37.6
Momentum
50.1
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Raleigh, NC |
| County | Wake County |
| National rank | #9,127 of 14,967 |
| State rank | #307 of 535 |
| City rank | #10 of 18 |
| County rank | #13 of 23 |
| National percentile | 39.0 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $921,284 |
| Year-over-year home value change | 0.3% |
| Month-over-month home value change | 0.10% |
| Home value to income ratio | 12.30 |
| Median household income | $74,890 |
| Bachelor's degree or higher | 67.9% |
| Civilian unemployment rate | 4.2% |
| Homeownership rate | 21.6% |
| Housing vacancy rate | 12.0% |
| Rent burden 30% or higher | 43.1% |
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 Hillsborough
Is Hillsborough one of the best neighborhoods in Raleigh?
Hillsborough has a Best Neighborhoods USA Index of 45.8 and a city ranking of #10 of 18 eligible neighborhoods in Raleigh.
How much are homes worth in Hillsborough?
The current Zillow Home Value Index for Hillsborough is approximately $921,284.
Are home values rising or falling in Hillsborough?
Zillow neighborhood values changed 0.3% year over year and 0.10% month over month.
What is the Neighborhood Momentum Score for Hillsborough?
Hillsborough has a Neighborhood Momentum Score of 50.1. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Hillsborough?
The NDS-derived neighborhood median household income is approximately $74,890.
How affordable is Hillsborough relative to household income?
The current Zillow home-value-to-household-income ratio is 12.30. Price-to-income affordability is a major Value Opportunity input.
Is Hillsborough primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 21.6%.
What is the unemployment rate in Hillsborough?
The NDS-derived civilian unemployment rate is approximately 4.2%.
How educated are residents of Hillsborough?
Approximately 67.9% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Hillsborough face high rent burden?
Approximately 43.1% 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 Hillsborough?
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 applications144
Estimated originations97
Home-purchase applications80
Origination rate67.2%
Home-purchase share55.3%
Average application loan$444,238
Total application loan amount$64,151,580
National application rank#3,049 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 21.4% YoY; originations 30.8% 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.