What is the Best Neighborhoods USA ranking for Forty Acres?
Forty Acres is ranked #2 of 35 eligible neighborhoods in Wilmington; #2 of 35 eligible neighborhoods in DE; and #100 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Forty Acres
Wilmington, DE | New Castle County
Scored premium profile
Best Neighborhoods USA Index
83.3
Stability and Strength
76.9
Value Opportunity
85.4
Momentum
90.8
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Wilmington, DE |
| County | New Castle County |
| National rank | #100 of 14,967 |
| State rank | #2 of 35 |
| City rank | #2 of 35 |
| County rank | #2 of 35 |
| National percentile | 99.3 |
| National band | TOP_1_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $452,085 |
| Year-over-year home value change | 6.2% |
| Month-over-month home value change | 0.65% |
| Home value to income ratio | 3.26 |
| Median household income | $138,519 |
| Bachelor's degree or higher | 72.1% |
| Civilian unemployment rate | 1.2% |
| Homeownership rate | 62.0% |
| Housing vacancy rate | 2.8% |
| Rent burden 30% or higher | 57.2% |
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 Forty Acres
Is Forty Acres one of the best neighborhoods in Wilmington?
Forty Acres has a Best Neighborhoods USA Index of 83.3 and a city ranking of #2 of 35 eligible neighborhoods in Wilmington.
How much are homes worth in Forty Acres?
The current Zillow Home Value Index for Forty Acres is approximately $452,085.
Are home values rising or falling in Forty Acres?
Zillow neighborhood values changed 6.2% year over year and 0.65% month over month.
What is the Neighborhood Momentum Score for Forty Acres?
Forty Acres has a Neighborhood Momentum Score of 90.8. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Forty Acres?
The NDS-derived neighborhood median household income is approximately $138,519.
How affordable is Forty Acres relative to household income?
The current Zillow home-value-to-household-income ratio is 3.26. Price-to-income affordability is a major Value Opportunity input.
Is Forty Acres primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 62.0%.
What is the unemployment rate in Forty Acres?
The NDS-derived civilian unemployment rate is approximately 1.2%.
How educated are residents of Forty Acres?
Approximately 72.1% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Forty Acres face high rent burden?
Approximately 57.2% 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 Forty Acres?
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 applications38
Estimated originations26
Home-purchase applications20
Origination rate67.6%
Home-purchase share54.2%
Average application loan$242,693
Total application loan amount$9,170,137
National application rank#8,354 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 24.4% YoY; originations 28.6% 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.