What is the Best Neighborhoods USA ranking for Devon?
Devon is ranked #8 of 82 eligible neighborhoods in Indianapolis; #130 of 656 eligible neighborhoods in IN; and #1,650 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Devon
Indianapolis, IN | Marion County
Scored premium profile
Best Neighborhoods USA Index
68.5
Stability and Strength
71.8
Value Opportunity
79.4
Momentum
48.1
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Indianapolis, IN |
| County | Marion County |
| National rank | #1,650 of 14,967 |
| State rank | #130 of 656 |
| City rank | #8 of 82 |
| County rank | #8 of 82 |
| National percentile | 89.0 |
| National band | TOP_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $292,874 |
| Year-over-year home value change | 1.7% |
| Month-over-month home value change | -0.33% |
| Home value to income ratio | 2.74 |
| Median household income | $107,063 |
| Bachelor's degree or higher | 49.7% |
| Civilian unemployment rate | 2.6% |
| Homeownership rate | 92.1% |
| Housing vacancy rate | 3.4% |
| Rent burden 30% or higher | 53.1% |
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 Devon
Is Devon one of the best neighborhoods in Indianapolis?
Devon has a Best Neighborhoods USA Index of 68.5 and a city ranking of #8 of 82 eligible neighborhoods in Indianapolis.
How much are homes worth in Devon?
The current Zillow Home Value Index for Devon is approximately $292,874.
Are home values rising or falling in Devon?
Zillow neighborhood values changed 1.7% year over year and -0.33% month over month.
What is the Neighborhood Momentum Score for Devon?
Devon has a Neighborhood Momentum Score of 48.1. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Devon?
The NDS-derived neighborhood median household income is approximately $107,063.
How affordable is Devon relative to household income?
The current Zillow home-value-to-household-income ratio is 2.74. Price-to-income affordability is a major Value Opportunity input.
Is Devon primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 92.1%.
What is the unemployment rate in Devon?
The NDS-derived civilian unemployment rate is approximately 2.6%.
How educated are residents of Devon?
Approximately 49.7% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Devon face high rent burden?
Approximately 53.1% 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 Devon?
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 applications104
Estimated originations49
Home-purchase applications30
Origination rate46.9%
Home-purchase share29.0%
Average application loan$203,764
Total application loan amount$21,258,872
National application rank#4,185 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 18.0% YoY; originations 2.7% 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.