What is the Best Neighborhoods USA ranking for Russell Gardens?
Russell Gardens is ranked #1 of 13 eligible neighborhoods in Great Neck; #5 of 418 eligible neighborhoods in NY; and #340 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Russell Gardens
Great Neck, NY | Nassau County
Scored premium profile
Best Neighborhoods USA Index
78.1
Stability and Strength
84.1
Value Opportunity
57.2
Momentum
97.8
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Great Neck, NY |
| County | Nassau County |
| National rank | #340 of 14,967 |
| State rank | #5 of 418 |
| City rank | #1 of 13 |
| County rank | #1 of 17 |
| National percentile | 97.7 |
| National band | TOP_5_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $1,951,351 |
| Year-over-year home value change | 10.1% |
| Month-over-month home value change | 1.23% |
| Home value to income ratio | 9.77 |
| Median household income | $199,784 |
| Bachelor's degree or higher | 84.9% |
| Civilian unemployment rate | 2.1% |
| Homeownership rate | 78.1% |
| Housing vacancy rate | 8.5% |
| Rent burden 30% or higher | 29.5% |
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 Russell Gardens
Is Russell Gardens one of the best neighborhoods in Great Neck?
Russell Gardens has a Best Neighborhoods USA Index of 78.1 and a city ranking of #1 of 13 eligible neighborhoods in Great Neck.
How much are homes worth in Russell Gardens?
The current Zillow Home Value Index for Russell Gardens is approximately $1,951,351.
Are home values rising or falling in Russell Gardens?
Zillow neighborhood values changed 10.1% year over year and 1.23% month over month.
What is the Neighborhood Momentum Score for Russell Gardens?
Russell Gardens 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 Russell Gardens?
The NDS-derived neighborhood median household income is approximately $199,784.
How affordable is Russell Gardens relative to household income?
The current Zillow home-value-to-household-income ratio is 9.77. Price-to-income affordability is a major Value Opportunity input.
Is Russell Gardens primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 78.1%.
What is the unemployment rate in Russell Gardens?
The NDS-derived civilian unemployment rate is approximately 2.1%.
How educated are residents of Russell Gardens?
Approximately 84.9% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Russell Gardens face high rent burden?
Approximately 29.5% 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 Russell Gardens?
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 applications21
Estimated originations11
Home-purchase applications12
Origination rate53.0%
Home-purchase share55.4%
Average application loan$716,193
Total application loan amount$15,261,147
National application rank#10,431 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -7.4% YoY; originations -18.7% 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.