What is the Best Neighborhoods USA ranking for North Lancaster?
North Lancaster is ranked #13 of 18 eligible neighborhoods in Salem; #226 of 254 eligible neighborhoods in OR; and #11,994 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
North Lancaster
Salem, OR | Marion County
Scored premium profile
Best Neighborhoods USA Index
36.5
Stability and Strength
30.7
Value Opportunity
36.1
Momentum
46.5
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Salem, OR |
| County | Marion County |
| National rank | #11,994 of 14,967 |
| State rank | #226 of 254 |
| City rank | #13 of 18 |
| County rank | #13 of 18 |
| National percentile | 19.9 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $408,291 |
| Year-over-year home value change | 0.2% |
| Month-over-month home value change | 0.01% |
| Home value to income ratio | 6.14 |
| Median household income | $66,450 |
| Bachelor's degree or higher | 15.8% |
| Civilian unemployment rate | 9.3% |
| Homeownership rate | 43.7% |
| Housing vacancy rate | 2.4% |
| Rent burden 30% or higher | 64.3% |
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 North Lancaster
Is North Lancaster one of the best neighborhoods in Salem?
North Lancaster has a Best Neighborhoods USA Index of 36.5 and a city ranking of #13 of 18 eligible neighborhoods in Salem.
How much are homes worth in North Lancaster?
The current Zillow Home Value Index for North Lancaster is approximately $408,291.
Are home values rising or falling in North Lancaster?
Zillow neighborhood values changed 0.2% year over year and 0.01% month over month.
What is the Neighborhood Momentum Score for North Lancaster?
North Lancaster has a Neighborhood Momentum Score of 46.5. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in North Lancaster?
The NDS-derived neighborhood median household income is approximately $66,450.
How affordable is North Lancaster relative to household income?
The current Zillow home-value-to-household-income ratio is 6.14. Price-to-income affordability is a major Value Opportunity input.
Is North Lancaster primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 43.7%.
What is the unemployment rate in North Lancaster?
The NDS-derived civilian unemployment rate is approximately 9.3%.
How educated are residents of North Lancaster?
Approximately 15.8% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in North Lancaster face high rent burden?
Approximately 64.3% 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 North Lancaster?
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 applications129
Estimated originations70
Home-purchase applications55
Origination rate54.1%
Home-purchase share42.5%
Average application loan$214,558
Total application loan amount$27,627,754
National application rank#3,416 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 4.5% YoY; originations 20.6% 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.