What is the Best Neighborhoods USA ranking for Old Norwood Park?
Old Norwood Park is ranked #63 of 179 eligible neighborhoods in Chicago; #98 of 261 eligible neighborhoods in IL; and #3,235 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Old Norwood Park
Chicago, IL | Cook County
Scored premium profile
Best Neighborhoods USA Index
62.5
Stability and Strength
59.9
Value Opportunity
41.0
Momentum
96.7
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 | #3,235 of 14,967 |
| State rank | #98 of 261 |
| City rank | #63 of 179 |
| County rank | #67 of 190 |
| National percentile | 78.4 |
| National band | TOP_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $640,554 |
| Year-over-year home value change | 9.0% |
| Month-over-month home value change | 1.05% |
| Home value to income ratio | 9.63 |
| Median household income | $66,527 |
| Bachelor's degree or higher | 40.8% |
| Civilian unemployment rate | 0.5% |
| Homeownership rate | 79.0% |
| Housing vacancy rate | 7.7% |
| 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 Old Norwood Park
Is Old Norwood Park one of the best neighborhoods in Chicago?
Old Norwood Park has a Best Neighborhoods USA Index of 62.5 and a city ranking of #63 of 179 eligible neighborhoods in Chicago.
How much are homes worth in Old Norwood Park?
The current Zillow Home Value Index for Old Norwood Park is approximately $640,554.
Are home values rising or falling in Old Norwood Park?
Zillow neighborhood values changed 9.0% year over year and 1.05% month over month.
What is the Neighborhood Momentum Score for Old Norwood Park?
Old Norwood Park has a Neighborhood Momentum Score of 96.7. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Old Norwood Park?
The NDS-derived neighborhood median household income is approximately $66,527.
How affordable is Old Norwood Park relative to household income?
The current Zillow home-value-to-household-income ratio is 9.63. Price-to-income affordability is a major Value Opportunity input.
Is Old Norwood Park primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 79.0%.
What is the unemployment rate in Old Norwood Park?
The NDS-derived civilian unemployment rate is approximately 0.5%.
How educated are residents of Old Norwood Park?
Approximately 40.8% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Old Norwood Park 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 Old Norwood Park?
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 applications121
Estimated originations67
Home-purchase applications55
Origination rate55.6%
Home-purchase share45.3%
Average application loan$297,528
Total application loan amount$35,994,947
National application rank#3,616 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 7.8% YoY; originations 2.6% 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.