What is the Best Neighborhoods USA ranking for Irving Woods?
Irving Woods is ranked #66 of 179 eligible neighborhoods in Chicago; #103 of 261 eligible neighborhoods in IL; and #3,601 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Irving Woods
Chicago, IL | Cook County
Scored premium profile
Best Neighborhoods USA Index
61.3
Stability and Strength
49.4
Value Opportunity
50.3
Momentum
95.8
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 | #3,601 of 14,967 |
| State rank | #103 of 261 |
| City rank | #66 of 179 |
| County rank | #71 of 190 |
| National percentile | 76.0 |
| National band | TOP_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $401,948 |
| Year-over-year home value change | 7.9% |
| Month-over-month home value change | 1.12% |
| Home value to income ratio | 4.90 |
| Median household income | $82,020 |
| Bachelor's degree or higher | 28.2% |
| Civilian unemployment rate | 5.4% |
| Homeownership rate | 74.2% |
| Housing vacancy rate | 5.4% |
| Rent burden 30% or higher | 56.7% |
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 Irving Woods
Is Irving Woods one of the best neighborhoods in Chicago?
Irving Woods has a Best Neighborhoods USA Index of 61.3 and a city ranking of #66 of 179 eligible neighborhoods in Chicago.
How much are homes worth in Irving Woods?
The current Zillow Home Value Index for Irving Woods is approximately $401,948.
Are home values rising or falling in Irving Woods?
Zillow neighborhood values changed 7.9% year over year and 1.12% month over month.
What is the Neighborhood Momentum Score for Irving Woods?
Irving Woods has a Neighborhood Momentum Score of 95.8. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Irving Woods?
The NDS-derived neighborhood median household income is approximately $82,020.
How affordable is Irving Woods relative to household income?
The current Zillow home-value-to-household-income ratio is 4.90. Price-to-income affordability is a major Value Opportunity input.
Is Irving Woods primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 74.2%.
What is the unemployment rate in Irving Woods?
The NDS-derived civilian unemployment rate is approximately 5.4%.
How educated are residents of Irving Woods?
Approximately 28.2% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Irving Woods face high rent burden?
Approximately 56.7% 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 Irving Woods?
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 applications153
Estimated originations87
Home-purchase applications76
Origination rate56.7%
Home-purchase share49.5%
Average application loan$218,556
Total application loan amount$33,353,948
National application rank#2,871 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 51.8% YoY; originations 40.2% 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.