What is the Best Neighborhoods USA ranking for Teele Square?
Teele Square is ranked #7 of 11 eligible neighborhoods in Somerville; #173 of 259 eligible neighborhoods in MA; and #7,636 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Teele Square
Somerville, MA | Middlesex County
Scored premium profile
Best Neighborhoods USA Index
50.0
Stability and Strength
62.9
Value Opportunity
49.0
Momentum
30.5
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Somerville, MA |
| County | Middlesex County |
| National rank | #7,636 of 14,967 |
| State rank | #173 of 259 |
| City rank | #7 of 11 |
| County rank | #83 of 110 |
| National percentile | 49.0 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $1,334,468 |
| Year-over-year home value change | -0.7% |
| Month-over-month home value change | -0.32% |
| Home value to income ratio | 11.29 |
| Median household income | $118,239 |
| Bachelor's degree or higher | 66.7% |
| Civilian unemployment rate | 4.5% |
| Homeownership rate | 23.6% |
| Housing vacancy rate | 3.3% |
| Rent burden 30% or higher | 41.0% |
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 Teele Square
Is Teele Square one of the best neighborhoods in Somerville?
Teele Square has a Best Neighborhoods USA Index of 50.0 and a city ranking of #7 of 11 eligible neighborhoods in Somerville.
How much are homes worth in Teele Square?
The current Zillow Home Value Index for Teele Square is approximately $1,334,468.
Are home values rising or falling in Teele Square?
Zillow neighborhood values changed -0.7% year over year and -0.32% month over month.
What is the Neighborhood Momentum Score for Teele Square?
Teele Square has a Neighborhood Momentum Score of 30.5. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Teele Square?
The NDS-derived neighborhood median household income is approximately $118,239.
How affordable is Teele Square relative to household income?
The current Zillow home-value-to-household-income ratio is 11.29. Price-to-income affordability is a major Value Opportunity input.
Is Teele Square primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 23.6%.
What is the unemployment rate in Teele Square?
The NDS-derived civilian unemployment rate is approximately 4.5%.
How educated are residents of Teele Square?
Approximately 66.7% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Teele Square face high rent burden?
Approximately 41.0% 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 Teele Square?
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 applications67
Estimated originations43
Home-purchase applications41
Origination rate64.1%
Home-purchase share61.6%
Average application loan$662,298
Total application loan amount$44,438,715
National application rank#6,005 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 0.1% YoY; originations 2.7% 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.