What is the Best Neighborhoods USA ranking for Little Village?
Little Village is ranked #151 of 179 eligible neighborhoods in Chicago; #224 of 261 eligible neighborhoods in IL; and #11,614 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Little Village
Chicago, IL | Cook County
Scored premium profile
Best Neighborhoods USA Index
37.9
Stability and Strength
28.3
Value Opportunity
37.8
Momentum
53.5
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Chicago, IL |
| County | Cook County |
| National rank | #11,614 of 14,967 |
| State rank | #224 of 261 |
| City rank | #151 of 179 |
| County rank | #162 of 190 |
| National percentile | 22.4 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $228,103 |
| Year-over-year home value change | -0.6% |
| Month-over-month home value change | 0.64% |
| Home value to income ratio | 4.79 |
| Median household income | $47,587 |
| Bachelor's degree or higher | 16.0% |
| Civilian unemployment rate | 7.3% |
| Homeownership rate | 46.0% |
| Housing vacancy rate | 7.3% |
| Rent burden 30% or higher | 50.6% |
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 Little Village
Is Little Village one of the best neighborhoods in Chicago?
Little Village has a Best Neighborhoods USA Index of 37.9 and a city ranking of #151 of 179 eligible neighborhoods in Chicago.
How much are homes worth in Little Village?
The current Zillow Home Value Index for Little Village is approximately $228,103.
Are home values rising or falling in Little Village?
Zillow neighborhood values changed -0.6% year over year and 0.64% month over month.
What is the Neighborhood Momentum Score for Little Village?
Little Village has a Neighborhood Momentum Score of 53.5. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Little Village?
The NDS-derived neighborhood median household income is approximately $47,587.
How affordable is Little Village relative to household income?
The current Zillow home-value-to-household-income ratio is 4.79. Price-to-income affordability is a major Value Opportunity input.
Is Little Village primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 46.0%.
What is the unemployment rate in Little Village?
The NDS-derived civilian unemployment rate is approximately 7.3%.
How educated are residents of Little Village?
Approximately 16.0% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Little Village face high rent burden?
Approximately 50.6% 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 Little 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 applications545
Estimated originations252
Home-purchase applications229
Origination rate46.3%
Home-purchase share42.0%
Average application loan$212,506
Total application loan amount$115,869,104
National application rank#486 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 12.6% YoY; originations 18.3% 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.