What is the Best Neighborhoods USA ranking for Penrith?
Penrith is ranked #68 of 107 eligible neighborhoods in Durham; #265 of 535 eligible neighborhoods in NC; and #7,654 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Penrith
Durham, NC | Durham County
Scored premium profile
Best Neighborhoods USA Index
49.9
Stability and Strength
63.3
Value Opportunity
61.4
Momentum
12.4
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Durham, NC |
| County | Durham County |
| National rank | #7,654 of 14,967 |
| State rank | #265 of 535 |
| City rank | #68 of 107 |
| County rank | #67 of 106 |
| National percentile | 48.9 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $390,182 |
| Year-over-year home value change | -4.3% |
| Month-over-month home value change | -0.28% |
| Home value to income ratio | 5.16 |
| Median household income | $75,586 |
| Bachelor's degree or higher | 69.1% |
| Civilian unemployment rate | 2.2% |
| Homeownership rate | 58.0% |
| Housing vacancy rate | 4.2% |
| Rent burden 30% or higher | 54.2% |
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 Penrith
Is Penrith one of the best neighborhoods in Durham?
Penrith has a Best Neighborhoods USA Index of 49.9 and a city ranking of #68 of 107 eligible neighborhoods in Durham.
How much are homes worth in Penrith?
The current Zillow Home Value Index for Penrith is approximately $390,182.
Are home values rising or falling in Penrith?
Zillow neighborhood values changed -4.3% year over year and -0.28% month over month.
What is the Neighborhood Momentum Score for Penrith?
Penrith has a Neighborhood Momentum Score of 12.4. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Penrith?
The NDS-derived neighborhood median household income is approximately $75,586.
How affordable is Penrith relative to household income?
The current Zillow home-value-to-household-income ratio is 5.16. Price-to-income affordability is a major Value Opportunity input.
Is Penrith primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 58.0%.
What is the unemployment rate in Penrith?
The NDS-derived civilian unemployment rate is approximately 2.2%.
How educated are residents of Penrith?
Approximately 69.1% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Penrith face high rent burden?
Approximately 54.2% 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 Penrith?
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 applications85
Estimated originations53
Home-purchase applications36
Origination rate62.0%
Home-purchase share42.6%
Average application loan$234,121
Total application loan amount$19,940,347
National application rank#4,975 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -29.8% YoY; originations -32.8% 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.