What is the Best Neighborhoods USA ranking for State-Division?
State-Division is ranked #37 of 43 eligible neighborhoods in Elkhart; #522 of 656 eligible neighborhoods in IN; and #9,893 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
State-Division
Elkhart, IN | Elkhart County
Scored premium profile
Best Neighborhoods USA Index
43.5
Stability and Strength
33.8
Value Opportunity
28.0
Momentum
80.7
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Elkhart, IN |
| County | Elkhart County |
| National rank | #9,893 of 14,967 |
| State rank | #522 of 656 |
| City rank | #37 of 43 |
| County rank | #53 of 59 |
| National percentile | 33.9 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $158,472 |
| Year-over-year home value change | 5.9% |
| Month-over-month home value change | 0.14% |
| Home value to income ratio | 8.40 |
| Median household income | $18,855 |
| Bachelor's degree or higher | 25.8% |
| Civilian unemployment rate | 0.8% |
| Homeownership rate | 8.3% |
| Housing vacancy rate | 31.3% |
| Rent burden 30% or higher | 32.9% |
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 State-Division
Is State-Division one of the best neighborhoods in Elkhart?
State-Division has a Best Neighborhoods USA Index of 43.5 and a city ranking of #37 of 43 eligible neighborhoods in Elkhart.
How much are homes worth in State-Division?
The current Zillow Home Value Index for State-Division is approximately $158,472.
Are home values rising or falling in State-Division?
Zillow neighborhood values changed 5.9% year over year and 0.14% month over month.
What is the Neighborhood Momentum Score for State-Division?
State-Division has a Neighborhood Momentum Score of 80.7. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in State-Division?
The NDS-derived neighborhood median household income is approximately $18,855.
How affordable is State-Division relative to household income?
The current Zillow home-value-to-household-income ratio is 8.40. Price-to-income affordability is a major Value Opportunity input.
Is State-Division primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 8.3%.
What is the unemployment rate in State-Division?
The NDS-derived civilian unemployment rate is approximately 0.8%.
How educated are residents of State-Division?
Approximately 25.8% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in State-Division face high rent burden?
Approximately 32.9% 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 State-Division?
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 applications5
Estimated originations4
Home-purchase applications2
Origination rate69.8%
Home-purchase share43.2%
Average application loan$399,786
Total application loan amount$2,119,811
National application rank#13,684 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -5.0% YoY; originations -4.0% 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.