What is the Best Neighborhoods USA ranking for Colony Park?
Colony Park is ranked #12 of 107 eligible neighborhoods in Durham; #42 of 535 eligible neighborhoods in NC; and #950 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Colony Park
Durham, NC | Durham County
Scored premium profile
Best Neighborhoods USA Index
72.4
Stability and Strength
90.8
Value Opportunity
88.6
Momentum
20.4
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 | #950 of 14,967 |
| State rank | #42 of 535 |
| City rank | #12 of 107 |
| County rank | #11 of 106 |
| National percentile | 93.7 |
| National band | TOP_10_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $626,491 |
| Year-over-year home value change | -2.5% |
| Month-over-month home value change | -0.25% |
| Home value to income ratio | 3.48 |
| Median household income | $179,848 |
| Bachelor's degree or higher | 86.8% |
| Civilian unemployment rate | 0.0% |
| Homeownership rate | 80.5% |
| Housing vacancy rate | 2.6% |
| Rent burden 30% or higher | 38.9% |
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 Colony Park
Is Colony Park one of the best neighborhoods in Durham?
Colony Park has a Best Neighborhoods USA Index of 72.4 and a city ranking of #12 of 107 eligible neighborhoods in Durham.
How much are homes worth in Colony Park?
The current Zillow Home Value Index for Colony Park is approximately $626,491.
Are home values rising or falling in Colony Park?
Zillow neighborhood values changed -2.5% year over year and -0.25% month over month.
What is the Neighborhood Momentum Score for Colony Park?
Colony Park has a Neighborhood Momentum Score of 20.4. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Colony Park?
The NDS-derived neighborhood median household income is approximately $179,848.
How affordable is Colony Park relative to household income?
The current Zillow home-value-to-household-income ratio is 3.48. Price-to-income affordability is a major Value Opportunity input.
Is Colony Park primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 80.5%.
What is the unemployment rate in Colony Park?
The NDS-derived civilian unemployment rate is approximately 0.0%.
How educated are residents of Colony Park?
Approximately 86.8% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Colony Park face high rent burden?
Approximately 38.9% 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 Colony Park?
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 applications3
Estimated originations2
Home-purchase applications1
Origination rate66.7%
Home-purchase share37.6%
Average application loan$282,949
Total application loan amount$945,775
National application rank#14,205 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -37.1% YoY; originations -26.4% 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.