Neighborhood Profile

Independence Village

Reynoldsburg, OH | Franklin County
Scored premium profile
Best Neighborhoods USA Index
46.7
National rank: #8,812 of 14,967
Stability and Strength
45.1
Score
Value Opportunity
52.8
Score
Momentum
40.6
Score
Score note: Rankings show denominators so users always see the size of the eligible cohort.
ContextValue
LocationReynoldsburg, OH
CountyFranklin County
National rank#8,812 of 14,967
State rank#234 of 481
City rankNot available
County rank#121 of 215
National percentile41.1
National bandMIDDLE_50_PERCENT
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Housing and local fundamentals

Housing and market metricsValue
Current Zillow home value$306,286
Year-over-year home value change-0.3%
Month-over-month home value change-0.04%
Home value to income ratio4.81
Median household income$63,644
Bachelor's degree or higher27.0%
Civilian unemployment rate3.0%
Homeownership rate37.0%
Housing vacancy rate2.2%
Rent burden 30% or higher51.8%

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 Independence Village

What is the Best Neighborhoods USA ranking for Independence Village?

Independence Village is ranked No published Reynoldsburg rank is currently available; #234 of 481 eligible neighborhoods in OH; and #8,812 of 14,967 eligible neighborhoods in the United States.

Is Independence Village one of the best neighborhoods in Reynoldsburg?

Independence Village has a Best Neighborhoods USA Index of 46.7 and a city ranking of No published Reynoldsburg rank is currently available.

How much are homes worth in Independence Village?

The current Zillow Home Value Index for Independence Village is approximately $306,286.

Are home values rising or falling in Independence Village?

Zillow neighborhood values changed -0.3% year over year and -0.04% month over month.

What is the Neighborhood Momentum Score for Independence Village?

Independence Village has a Neighborhood Momentum Score of 40.6. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.

What is the median household income in Independence Village?

The NDS-derived neighborhood median household income is approximately $63,644.

How affordable is Independence Village relative to household income?

The current Zillow home-value-to-household-income ratio is 4.81. Price-to-income affordability is a major Value Opportunity input.

Is Independence Village primarily homeowners or renters?

The NDS-derived homeownership rate is approximately 37.0%.

What is the unemployment rate in Independence Village?

The NDS-derived civilian unemployment rate is approximately 3.0%.

How educated are residents of Independence Village?

Approximately 27.0% of residents age 25 and older are estimated to have a bachelor's degree or higher.

What share of renters in Independence Village face high rent burden?

Approximately 51.8% 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 Independence 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

FULL_OR_NEAR_FULL

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 applications305
Estimated originations151
Home-purchase applications134
Origination rate49.3%
Home-purchase share43.8%
Average application loan$268,668
Total application loan amount$82,055,136
National application rank#1,157 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 16.1% YoY; originations 12.2% 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.