What is the Best Neighborhoods USA ranking for Perimeter Park?
Perimeter Park is ranked No published Morrisville rank is currently available; #244 of 535 eligible neighborhoods in NC; and #7,047 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Perimeter Park
Morrisville, NC | Wake County
Scored premium profile
Best Neighborhoods USA Index
51.6
Stability and Strength
58.9
Value Opportunity
45.6
Momentum
48.6
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Morrisville, NC |
| County | Wake County |
| National rank | #7,047 of 14,967 |
| State rank | #244 of 535 |
| City rank | Not available |
| County rank | #11 of 23 |
| National percentile | 52.9 |
| National band | MIDDLE_50_PERCENT |
Neighborhood Expert Opportunity
Become the Neighborhood Expert for this market
Inquire about this marketUnsold commercial placement. No local expert is currently assigned.
Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $987,284 |
| Year-over-year home value change | 2.5% |
| Month-over-month home value change | -1.33% |
| Home value to income ratio | 9.60 |
| Median household income | $102,807 |
| Bachelor's degree or higher | 66.9% |
| Civilian unemployment rate | 3.3% |
| Homeownership rate | 21.2% |
| Housing vacancy rate | 14.1% |
| Rent burden 30% or higher | 33.0% |
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 Perimeter Park
Is Perimeter Park one of the best neighborhoods in Morrisville?
Perimeter Park has a Best Neighborhoods USA Index of 51.6 and a city ranking of No published Morrisville rank is currently available.
How much are homes worth in Perimeter Park?
The current Zillow Home Value Index for Perimeter Park is approximately $987,284.
Are home values rising or falling in Perimeter Park?
Zillow neighborhood values changed 2.5% year over year and -1.33% month over month.
What is the Neighborhood Momentum Score for Perimeter Park?
Perimeter Park has a Neighborhood Momentum Score of 48.6. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Perimeter Park?
The NDS-derived neighborhood median household income is approximately $102,807.
How affordable is Perimeter Park relative to household income?
The current Zillow home-value-to-household-income ratio is 9.60. Price-to-income affordability is a major Value Opportunity input.
Is Perimeter Park primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 21.2%.
What is the unemployment rate in Perimeter Park?
The NDS-derived civilian unemployment rate is approximately 3.3%.
How educated are residents of Perimeter Park?
Approximately 66.9% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Perimeter Park face high rent burden?
Approximately 33.0% 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 Perimeter 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 applications27
Estimated originations15
Home-purchase applications18
Origination rate55.7%
Home-purchase share67.6%
Average application loan$944,164
Total application loan amount$25,054,895
National application rank#9,717 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 56.2% YoY; originations 66.7% 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.