What is the Best Neighborhoods USA ranking for Sherwood Hills?
Sherwood Hills is ranked #2 of 32 eligible neighborhoods in Provo; #4 of 95 eligible neighborhoods in UT; and #794 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Sherwood Hills
Provo, UT | Utah County
Scored premium profile
Best Neighborhoods USA Index
73.6
Stability and Strength
78.4
Value Opportunity
55.6
Momentum
91.1
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Provo, UT |
| County | Utah County |
| National rank | #794 of 14,967 |
| State rank | #4 of 95 |
| City rank | #2 of 32 |
| County rank | #3 of 54 |
| National percentile | 94.7 |
| National band | TOP_10_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $982,961 |
| Year-over-year home value change | 8.1% |
| Month-over-month home value change | 0.43% |
| Home value to income ratio | 7.80 |
| Median household income | $125,989 |
| Bachelor's degree or higher | 69.7% |
| Civilian unemployment rate | 3.5% |
| Homeownership rate | 83.9% |
| Housing vacancy rate | 5.3% |
| Rent burden 30% or higher | 24.5% |
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 Sherwood Hills
Is Sherwood Hills one of the best neighborhoods in Provo?
Sherwood Hills has a Best Neighborhoods USA Index of 73.6 and a city ranking of #2 of 32 eligible neighborhoods in Provo.
How much are homes worth in Sherwood Hills?
The current Zillow Home Value Index for Sherwood Hills is approximately $982,961.
Are home values rising or falling in Sherwood Hills?
Zillow neighborhood values changed 8.1% year over year and 0.43% month over month.
What is the Neighborhood Momentum Score for Sherwood Hills?
Sherwood Hills has a Neighborhood Momentum Score of 91.1. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Sherwood Hills?
The NDS-derived neighborhood median household income is approximately $125,989.
How affordable is Sherwood Hills relative to household income?
The current Zillow home-value-to-household-income ratio is 7.80. Price-to-income affordability is a major Value Opportunity input.
Is Sherwood Hills primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 83.9%.
What is the unemployment rate in Sherwood Hills?
The NDS-derived civilian unemployment rate is approximately 3.5%.
How educated are residents of Sherwood Hills?
Approximately 69.7% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Sherwood Hills face high rent burden?
Approximately 24.5% 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 Sherwood Hills?
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 applications28
Estimated originations15
Home-purchase applications9
Origination rate53.5%
Home-purchase share31.7%
Average application loan$451,852
Total application loan amount$12,757,210
National application rank#9,476 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 19.3% YoY; originations 2.6% 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.