What is the Best Neighborhoods USA ranking for Sheepshead Bay?
Sheepshead Bay is ranked #126 of 199 eligible neighborhoods in New York; #253 of 418 eligible neighborhoods in NY; and #8,697 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Sheepshead Bay
New York, NY | Kings County
Scored premium profile
Best Neighborhoods USA Index
47.0
Stability and Strength
44.2
Value Opportunity
30.3
Momentum
74.8
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | New York, NY |
| County | Kings County |
| National rank | #8,697 of 14,967 |
| State rank | #253 of 418 |
| City rank | #126 of 199 |
| County rank | #28 of 45 |
| National percentile | 41.9 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $1,141,110 |
| Year-over-year home value change | 2.5% |
| Month-over-month home value change | 0.67% |
| Home value to income ratio | 15.90 |
| Median household income | $71,775 |
| Bachelor's degree or higher | 43.1% |
| Civilian unemployment rate | 6.4% |
| Homeownership rate | 49.0% |
| Housing vacancy rate | 6.6% |
| Rent burden 30% or higher | 52.2% |
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 Sheepshead Bay
Is Sheepshead Bay one of the best neighborhoods in New York?
Sheepshead Bay has a Best Neighborhoods USA Index of 47.0 and a city ranking of #126 of 199 eligible neighborhoods in New York.
How much are homes worth in Sheepshead Bay?
The current Zillow Home Value Index for Sheepshead Bay is approximately $1,141,110.
Are home values rising or falling in Sheepshead Bay?
Zillow neighborhood values changed 2.5% year over year and 0.67% month over month.
What is the Neighborhood Momentum Score for Sheepshead Bay?
Sheepshead Bay has a Neighborhood Momentum Score of 74.8. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Sheepshead Bay?
The NDS-derived neighborhood median household income is approximately $71,775.
How affordable is Sheepshead Bay relative to household income?
The current Zillow home-value-to-household-income ratio is 15.90. Price-to-income affordability is a major Value Opportunity input.
Is Sheepshead Bay primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 49.0%.
What is the unemployment rate in Sheepshead Bay?
The NDS-derived civilian unemployment rate is approximately 6.4%.
How educated are residents of Sheepshead Bay?
Approximately 43.1% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Sheepshead Bay face high rent burden?
Approximately 52.2% 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 Sheepshead Bay?
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 applications679
Estimated originations373
Home-purchase applications450
Origination rate54.9%
Home-purchase share66.2%
Average application loan$550,146
Total application loan amount$373,323,848
National application rankNot rankable
Geometry coverage88.3%
Recent trend: Applications 0.4% YoY; originations -3.9% 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.