What is the Best Neighborhoods USA ranking for Arlington Woods?
Arlington Woods is ranked #81 of 82 eligible neighborhoods in Indianapolis; #647 of 656 eligible neighborhoods in IN; and #14,290 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Arlington Woods
Indianapolis, IN | Marion County
Scored premium profile
Best Neighborhoods USA Index
24.2
Stability and Strength
12.8
Value Opportunity
33.7
Momentum
29.2
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Indianapolis, IN |
| County | Marion County |
| National rank | #14,290 of 14,967 |
| State rank | #647 of 656 |
| City rank | #81 of 82 |
| County rank | #81 of 82 |
| National percentile | 4.5 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $137,708 |
| Year-over-year home value change | -0.8% |
| Month-over-month home value change | -0.37% |
| Home value to income ratio | 4.00 |
| Median household income | $34,432 |
| Bachelor's degree or higher | 11.3% |
| Civilian unemployment rate | 15.6% |
| Homeownership rate | 41.7% |
| Housing vacancy rate | 14.8% |
| Rent burden 30% or higher | 64.8% |
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 Arlington Woods
Is Arlington Woods one of the best neighborhoods in Indianapolis?
Arlington Woods has a Best Neighborhoods USA Index of 24.2 and a city ranking of #81 of 82 eligible neighborhoods in Indianapolis.
How much are homes worth in Arlington Woods?
The current Zillow Home Value Index for Arlington Woods is approximately $137,708.
Are home values rising or falling in Arlington Woods?
Zillow neighborhood values changed -0.8% year over year and -0.37% month over month.
What is the Neighborhood Momentum Score for Arlington Woods?
Arlington Woods has a Neighborhood Momentum Score of 29.2. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Arlington Woods?
The NDS-derived neighborhood median household income is approximately $34,432.
How affordable is Arlington Woods relative to household income?
The current Zillow home-value-to-household-income ratio is 4.00. Price-to-income affordability is a major Value Opportunity input.
Is Arlington Woods primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 41.7%.
What is the unemployment rate in Arlington Woods?
The NDS-derived civilian unemployment rate is approximately 15.6%.
How educated are residents of Arlington Woods?
Approximately 11.3% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Arlington Woods face high rent burden?
Approximately 64.8% 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 Arlington Woods?
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 applications254
Estimated originations132
Home-purchase applications120
Origination rate51.7%
Home-purchase share47.2%
Average application loan$176,500
Total application loan amount$44,898,430
National application rank#1,513 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 21.5% YoY; originations 32.0% 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.