Neighborhood Profile

The Village/Rio/Armstrong

Savannah, GA | Chatham County
Scored premium profile
Best Neighborhoods USA Index
28.2
National rank: #13,762 of 14,967
Stability and Strength
34.5
Score
Value Opportunity
36.9
Score
Momentum
6.0
Score
Score note: Rankings show denominators so users always see the size of the eligible cohort.
ContextValue
LocationSavannah, GA
CountyChatham County
National rank#13,762 of 14,967
State rank#340 of 438
City rank#50 of 78
County rank#50 of 78
National percentile8.1
National bandLOWER_25_PERCENT
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Housing and local fundamentals

Housing and market metricsValue
Current Zillow home value$349,269
Year-over-year home value change-6.0%
Month-over-month home value change-0.53%
Home value to income ratio5.78
Median household income$60,461
Bachelor's degree or higher42.8%
Civilian unemployment rate10.4%
Homeownership rate42.3%
Housing vacancy rate10.7%
Rent burden 30% or higher48.2%

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 The Village/Rio/Armstrong

What is the Best Neighborhoods USA ranking for The Village/Rio/Armstrong?

The Village/Rio/Armstrong is ranked #50 of 78 eligible neighborhoods in Savannah; #340 of 438 eligible neighborhoods in GA; and #13,762 of 14,967 eligible neighborhoods in the United States.

Is The Village/Rio/Armstrong one of the best neighborhoods in Savannah?

The Village/Rio/Armstrong has a Best Neighborhoods USA Index of 28.2 and a city ranking of #50 of 78 eligible neighborhoods in Savannah.

How much are homes worth in The Village/Rio/Armstrong?

The current Zillow Home Value Index for The Village/Rio/Armstrong is approximately $349,269.

Are home values rising or falling in The Village/Rio/Armstrong?

Zillow neighborhood values changed -6.0% year over year and -0.53% month over month.

What is the Neighborhood Momentum Score for The Village/Rio/Armstrong?

The Village/Rio/Armstrong has a Neighborhood Momentum Score of 6.0. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.

What is the median household income in The Village/Rio/Armstrong?

The NDS-derived neighborhood median household income is approximately $60,461.

How affordable is The Village/Rio/Armstrong relative to household income?

The current Zillow home-value-to-household-income ratio is 5.78. Price-to-income affordability is a major Value Opportunity input.

Is The Village/Rio/Armstrong primarily homeowners or renters?

The NDS-derived homeownership rate is approximately 42.3%.

What is the unemployment rate in The Village/Rio/Armstrong?

The NDS-derived civilian unemployment rate is approximately 10.4%.

How educated are residents of The Village/Rio/Armstrong?

Approximately 42.8% of residents age 25 and older are estimated to have a bachelor's degree or higher.

What share of renters in The Village/Rio/Armstrong face high rent burden?

Approximately 48.2% 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 The Village/Rio/Armstrong?

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 applications83
Estimated originations44
Home-purchase applications39
Origination rate52.9%
Home-purchase share47.6%
Average application loan$239,246
Total application loan amount$19,788,455
National application rank#5,098 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 27.7% YoY; originations 30.6% 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.