What is the Best Neighborhoods USA ranking for Melrose/Rugby?
Melrose/Rugby is ranked #29 of 43 eligible neighborhoods in Roanoke; #453 of 518 eligible neighborhoods in VA; and #11,853 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Melrose/Rugby
Roanoke, VA | Roanoke City
Scored premium profile
Best Neighborhoods USA Index
37.1
Stability and Strength
28.4
Value Opportunity
46.9
Momentum
37.3
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Roanoke, VA |
| County | Roanoke City |
| National rank | #11,853 of 14,967 |
| State rank | #453 of 518 |
| City rank | #29 of 43 |
| County rank | #29 of 43 |
| National percentile | 20.8 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $152,801 |
| Year-over-year home value change | -3.4% |
| Month-over-month home value change | 0.81% |
| Home value to income ratio | 3.05 |
| Median household income | $50,093 |
| Bachelor's degree or higher | 21.5% |
| Civilian unemployment rate | 16.5% |
| Homeownership rate | 59.8% |
| Housing vacancy rate | 9.5% |
| Rent burden 30% or higher | 45.6% |
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 Melrose/Rugby
Is Melrose/Rugby one of the best neighborhoods in Roanoke?
Melrose/Rugby has a Best Neighborhoods USA Index of 37.1 and a city ranking of #29 of 43 eligible neighborhoods in Roanoke.
How much are homes worth in Melrose/Rugby?
The current Zillow Home Value Index for Melrose/Rugby is approximately $152,801.
Are home values rising or falling in Melrose/Rugby?
Zillow neighborhood values changed -3.4% year over year and 0.81% month over month.
What is the Neighborhood Momentum Score for Melrose/Rugby?
Melrose/Rugby has a Neighborhood Momentum Score of 37.3. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Melrose/Rugby?
The NDS-derived neighborhood median household income is approximately $50,093.
How affordable is Melrose/Rugby relative to household income?
The current Zillow home-value-to-household-income ratio is 3.05. Price-to-income affordability is a major Value Opportunity input.
Is Melrose/Rugby primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 59.8%.
What is the unemployment rate in Melrose/Rugby?
The NDS-derived civilian unemployment rate is approximately 16.5%.
How educated are residents of Melrose/Rugby?
Approximately 21.5% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Melrose/Rugby face high rent burden?
Approximately 45.6% 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 Melrose/Rugby?
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 applications105
Estimated originations61
Home-purchase applications49
Origination rate58.6%
Home-purchase share46.9%
Average application loan$134,371
Total application loan amount$14,087,296
National application rank#4,170 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 11.1% YoY; originations 11.3% 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.