What is the Best Neighborhoods USA ranking for Prescott Terrace?
Prescott Terrace is ranked #32 of 77 eligible neighborhoods in Columbia; #60 of 160 eligible neighborhoods in SC; and #5,283 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Prescott Terrace
Columbia, SC | Richland County
Scored premium profile
Best Neighborhoods USA Index
56.3
Stability and Strength
31.8
Value Opportunity
54.7
Momentum
97.8
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Columbia, SC |
| County | Richland County |
| National rank | #5,283 of 14,967 |
| State rank | #60 of 160 |
| City rank | #32 of 77 |
| County rank | #32 of 77 |
| National percentile | 64.7 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $113,830 |
| Year-over-year home value change | 18.1% |
| Month-over-month home value change | 0.79% |
| Home value to income ratio | 2.36 |
| Median household income | $48,288 |
| Bachelor's degree or higher | 25.8% |
| Civilian unemployment rate | 27.9% |
| Homeownership rate | 77.0% |
| Housing vacancy rate | 2.8% |
| Rent burden 30% or higher | 68.4% |
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 Prescott Terrace
Is Prescott Terrace one of the best neighborhoods in Columbia?
Prescott Terrace has a Best Neighborhoods USA Index of 56.3 and a city ranking of #32 of 77 eligible neighborhoods in Columbia.
How much are homes worth in Prescott Terrace?
The current Zillow Home Value Index for Prescott Terrace is approximately $113,830.
Are home values rising or falling in Prescott Terrace?
Zillow neighborhood values changed 18.1% year over year and 0.79% month over month.
What is the Neighborhood Momentum Score for Prescott Terrace?
Prescott Terrace has a Neighborhood Momentum Score of 97.8. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Prescott Terrace?
The NDS-derived neighborhood median household income is approximately $48,288.
How affordable is Prescott Terrace relative to household income?
The current Zillow home-value-to-household-income ratio is 2.36. Price-to-income affordability is a major Value Opportunity input.
Is Prescott Terrace primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 77.0%.
What is the unemployment rate in Prescott Terrace?
The NDS-derived civilian unemployment rate is approximately 27.9%.
How educated are residents of Prescott Terrace?
Approximately 25.8% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Prescott Terrace face high rent burden?
Approximately 68.4% 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 Prescott Terrace?
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 applications6
Estimated originations3
Home-purchase applications3
Origination rate46.3%
Home-purchase share44.5%
Average application loan$110,219
Total application loan amount$692,370
National application rank#13,393 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 9.1% YoY; originations 0.0% 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.