What is the Best Neighborhoods USA ranking for Ghent Square?
Ghent Square is ranked #10 of 114 eligible neighborhoods in Norfolk; #85 of 518 eligible neighborhoods in VA; and #1,937 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Ghent Square
Norfolk, VA | Norfolk City
Scored premium profile
Best Neighborhoods USA Index
67.3
Stability and Strength
75.4
Value Opportunity
72.4
Momentum
47.3
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Norfolk, VA |
| County | Norfolk City |
| National rank | #1,937 of 14,967 |
| State rank | #85 of 518 |
| City rank | #10 of 114 |
| County rank | #10 of 114 |
| National percentile | 87.1 |
| National band | TOP_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $588,903 |
| Year-over-year home value change | 1.0% |
| Month-over-month home value change | -0.15% |
| Home value to income ratio | 4.71 |
| Median household income | $124,908 |
| Bachelor's degree or higher | 76.5% |
| Civilian unemployment rate | 1.3% |
| Homeownership rate | 50.3% |
| Housing vacancy rate | 5.8% |
| Rent burden 30% or higher | 39.9% |
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 Ghent Square
Is Ghent Square one of the best neighborhoods in Norfolk?
Ghent Square has a Best Neighborhoods USA Index of 67.3 and a city ranking of #10 of 114 eligible neighborhoods in Norfolk.
How much are homes worth in Ghent Square?
The current Zillow Home Value Index for Ghent Square is approximately $588,903.
Are home values rising or falling in Ghent Square?
Zillow neighborhood values changed 1.0% year over year and -0.15% month over month.
What is the Neighborhood Momentum Score for Ghent Square?
Ghent Square has a Neighborhood Momentum Score of 47.3. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Ghent Square?
The NDS-derived neighborhood median household income is approximately $124,908.
How affordable is Ghent Square relative to household income?
The current Zillow home-value-to-household-income ratio is 4.71. Price-to-income affordability is a major Value Opportunity input.
Is Ghent Square primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 50.3%.
What is the unemployment rate in Ghent Square?
The NDS-derived civilian unemployment rate is approximately 1.3%.
How educated are residents of Ghent Square?
Approximately 76.5% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Ghent Square face high rent burden?
Approximately 39.9% 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 Ghent 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 applications42
Estimated originations29
Home-purchase applications35
Origination rate69.6%
Home-purchase share84.3%
Average application loan$311,136
Total application loan amount$13,037,572
National application rank#7,950 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 22.9% YoY; originations 49.6% 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.