What is the Best Neighborhoods USA ranking for Merritt Downs?
Merritt Downs is ranked #314 of 442 eligible neighborhoods in Nashville; #387 of 571 eligible neighborhoods in TN; and #10,787 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Merritt Downs
Nashville, TN | Davidson County
Scored premium profile
Best Neighborhoods USA Index
40.8
Stability and Strength
50.6
Value Opportunity
42.9
Momentum
22.2
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Nashville, TN |
| County | Davidson County |
| National rank | #10,787 of 14,967 |
| State rank | #387 of 571 |
| City rank | #314 of 442 |
| County rank | #314 of 442 |
| National percentile | 28.0 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $527,975 |
| Year-over-year home value change | -2.4% |
| Month-over-month home value change | -0.19% |
| Home value to income ratio | 7.50 |
| Median household income | $70,436 |
| Bachelor's degree or higher | 33.9% |
| Civilian unemployment rate | 5.1% |
| Homeownership rate | 77.4% |
| Housing vacancy rate | 0.0% |
| Rent burden 30% or higher | 74.0% |
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 Merritt Downs
Is Merritt Downs one of the best neighborhoods in Nashville?
Merritt Downs has a Best Neighborhoods USA Index of 40.8 and a city ranking of #314 of 442 eligible neighborhoods in Nashville.
How much are homes worth in Merritt Downs?
The current Zillow Home Value Index for Merritt Downs is approximately $527,975.
Are home values rising or falling in Merritt Downs?
Zillow neighborhood values changed -2.4% year over year and -0.19% month over month.
What is the Neighborhood Momentum Score for Merritt Downs?
Merritt Downs has a Neighborhood Momentum Score of 22.2. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Merritt Downs?
The NDS-derived neighborhood median household income is approximately $70,436.
How affordable is Merritt Downs relative to household income?
The current Zillow home-value-to-household-income ratio is 7.50. Price-to-income affordability is a major Value Opportunity input.
Is Merritt Downs primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 77.4%.
What is the unemployment rate in Merritt Downs?
The NDS-derived civilian unemployment rate is approximately 5.1%.
How educated are residents of Merritt Downs?
Approximately 33.9% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Merritt Downs face high rent burden?
Approximately 74.0% 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 Merritt Downs?
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 applications4
Estimated originations3
Home-purchase applications2
Origination rate64.7%
Home-purchase share47.3%
Average application loan$301,116
Total application loan amount$1,195,589
National application rank#14,032 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -9.7% YoY; originations 3.6% 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.