What is the Best Neighborhoods USA ranking for Boon Trace?
Boon Trace is ranked #203 of 442 eligible neighborhoods in Nashville; #254 of 571 eligible neighborhoods in TN; and #8,006 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Boon Trace
Nashville, TN | Davidson County
Scored premium profile
Best Neighborhoods USA Index
49.0
Stability and Strength
59.1
Value Opportunity
62.5
Momentum
13.8
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 | #8,006 of 14,967 |
| State rank | #254 of 571 |
| City rank | #203 of 442 |
| County rank | #203 of 442 |
| National percentile | 46.5 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $488,692 |
| Year-over-year home value change | -4.0% |
| Month-over-month home value change | -0.25% |
| Home value to income ratio | 4.11 |
| Median household income | $118,924 |
| Bachelor's degree or higher | 58.6% |
| Civilian unemployment rate | 6.1% |
| Homeownership rate | 83.9% |
| Housing vacancy rate | 12.1% |
| Rent burden 30% or higher | 66.5% |
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 Boon Trace
Is Boon Trace one of the best neighborhoods in Nashville?
Boon Trace has a Best Neighborhoods USA Index of 49.0 and a city ranking of #203 of 442 eligible neighborhoods in Nashville.
How much are homes worth in Boon Trace?
The current Zillow Home Value Index for Boon Trace is approximately $488,692.
Are home values rising or falling in Boon Trace?
Zillow neighborhood values changed -4.0% year over year and -0.25% month over month.
What is the Neighborhood Momentum Score for Boon Trace?
Boon Trace has a Neighborhood Momentum Score of 13.8. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Boon Trace?
The NDS-derived neighborhood median household income is approximately $118,924.
How affordable is Boon Trace relative to household income?
The current Zillow home-value-to-household-income ratio is 4.11. Price-to-income affordability is a major Value Opportunity input.
Is Boon Trace primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 83.9%.
What is the unemployment rate in Boon Trace?
The NDS-derived civilian unemployment rate is approximately 6.1%.
How educated are residents of Boon Trace?
Approximately 58.6% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Boon Trace face high rent burden?
Approximately 66.5% 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 Boon Trace?
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 applications3
Estimated originations2
Home-purchase applications2
Origination rate70.7%
Home-purchase share54.5%
Average application loan$354,222
Total application loan amount$1,130,180
National application rank#14,251 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 13.6% YoY; originations 34.1% 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.