Neighborhood Profile

Norwood Cherrylee

El Monte, CA | Los Angeles County
Scored premium profile
Best Neighborhoods USA Index
37.1
National rank: #11,839 of 14,967
Stability and Strength
40.9
Score
Value Opportunity
32.5
Score
Momentum
37.5
Score
Score note: Rankings show denominators so users always see the size of the eligible cohort.
ContextValue
LocationEl Monte, CA
CountyLos Angeles County
National rank#11,839 of 14,967
State rank#1,464 of 1,814
City rank#3 of 5
County rank#255 of 321
National percentile20.9
National bandLOWER_25_PERCENT
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Housing and local fundamentals

Housing and market metricsValue
Current Zillow home value$821,520
Year-over-year home value change-0.4%
Month-over-month home value change-0.13%
Home value to income ratio10.17
Median household income$80,818
Bachelor's degree or higher19.2%
Civilian unemployment rate5.9%
Homeownership rate48.0%
Housing vacancy rate4.4%
Rent burden 30% or higher55.5%

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 Norwood Cherrylee

What is the Best Neighborhoods USA ranking for Norwood Cherrylee?

Norwood Cherrylee is ranked #3 of 5 eligible neighborhoods in El Monte; #1,464 of 1,814 eligible neighborhoods in CA; and #11,839 of 14,967 eligible neighborhoods in the United States.

Is Norwood Cherrylee one of the best neighborhoods in El Monte?

Norwood Cherrylee has a Best Neighborhoods USA Index of 37.1 and a city ranking of #3 of 5 eligible neighborhoods in El Monte.

How much are homes worth in Norwood Cherrylee?

The current Zillow Home Value Index for Norwood Cherrylee is approximately $821,520.

Are home values rising or falling in Norwood Cherrylee?

Zillow neighborhood values changed -0.4% year over year and -0.13% month over month.

What is the Neighborhood Momentum Score for Norwood Cherrylee?

Norwood Cherrylee has a Neighborhood Momentum Score of 37.5. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.

What is the median household income in Norwood Cherrylee?

The NDS-derived neighborhood median household income is approximately $80,818.

How affordable is Norwood Cherrylee relative to household income?

The current Zillow home-value-to-household-income ratio is 10.17. Price-to-income affordability is a major Value Opportunity input.

Is Norwood Cherrylee primarily homeowners or renters?

The NDS-derived homeownership rate is approximately 48.0%.

What is the unemployment rate in Norwood Cherrylee?

The NDS-derived civilian unemployment rate is approximately 5.9%.

How educated are residents of Norwood Cherrylee?

Approximately 19.2% of residents age 25 and older are estimated to have a bachelor's degree or higher.

What share of renters in Norwood Cherrylee face high rent burden?

Approximately 55.5% 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 Norwood Cherrylee?

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

FULL_OR_NEAR_FULL

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 applications271
Estimated originations133
Home-purchase applications94
Origination rate49.0%
Home-purchase share34.6%
Average application loan$365,373
Total application loan amount$98,987,588
National application rank#1,394 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 17.3% YoY; originations 19.1% 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.