What is the Best Neighborhoods USA ranking for Essex Village?
Essex Village is ranked No published Essex rank is currently available; #7 of 153 eligible neighborhoods in CT; and #719 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Essex Village
Essex, CT | Middlesex County
Scored premium profile
Best Neighborhoods USA Index
74.2
Stability and Strength
78.2
Value Opportunity
53.9
Momentum
96.1
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Essex, CT |
| County | Middlesex County |
| National rank | #719 of 14,967 |
| State rank | #7 of 153 |
| City rank | Not available |
| County rank | #1 of 6 |
| National percentile | 95.2 |
| National band | TOP_5_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $1,022,878 |
| Year-over-year home value change | 8.0% |
| Month-over-month home value change | 1.28% |
| Home value to income ratio | 8.39 |
| Median household income | $121,852 |
| Bachelor's degree or higher | 64.0% |
| Civilian unemployment rate | 1.1% |
| Homeownership rate | 84.8% |
| Housing vacancy rate | 10.5% |
| Rent burden 30% or higher | 33.1% |
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 Essex Village
Is Essex Village one of the best neighborhoods in Essex?
Essex Village has a Best Neighborhoods USA Index of 74.2 and a city ranking of No published Essex rank is currently available.
How much are homes worth in Essex Village?
The current Zillow Home Value Index for Essex Village is approximately $1,022,878.
Are home values rising or falling in Essex Village?
Zillow neighborhood values changed 8.0% year over year and 1.28% month over month.
What is the Neighborhood Momentum Score for Essex Village?
Essex Village has a Neighborhood Momentum Score of 96.1. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Essex Village?
The NDS-derived neighborhood median household income is approximately $121,852.
How affordable is Essex Village relative to household income?
The current Zillow home-value-to-household-income ratio is 8.39. Price-to-income affordability is a major Value Opportunity input.
Is Essex Village primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 84.8%.
What is the unemployment rate in Essex Village?
The NDS-derived civilian unemployment rate is approximately 1.1%.
How educated are residents of Essex Village?
Approximately 64.0% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Essex Village face high rent burden?
Approximately 33.1% 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 Essex 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 applications80
Estimated originations48
Home-purchase applications33
Origination rate60.0%
Home-purchase share41.3%
Average application loan$355,077
Total application loan amount$28,406,024
National application rank#5,238 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Trend not published for this geometry comparison
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.