What is the Best Neighborhoods USA ranking for Ford Woods?
Ford Woods is ranked #22 of 29 eligible neighborhoods in Dearborn; #186 of 334 eligible neighborhoods in MI; and #8,454 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Ford Woods
Dearborn, MI | Wayne County
Scored premium profile
Best Neighborhoods USA Index
47.7
Stability and Strength
31.0
Value Opportunity
34.5
Momentum
92.9
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Dearborn, MI |
| County | Wayne County |
| National rank | #8,454 of 14,967 |
| State rank | #186 of 334 |
| City rank | #22 of 29 |
| County rank | #45 of 123 |
| National percentile | 43.5 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $235,794 |
| Year-over-year home value change | 6.4% |
| Month-over-month home value change | 0.96% |
| Home value to income ratio | 5.11 |
| Median household income | $46,146 |
| Bachelor's degree or higher | 21.1% |
| Civilian unemployment rate | 6.2% |
| Homeownership rate | 73.6% |
| Housing vacancy rate | 17.1% |
| Rent burden 30% or higher | 61.6% |
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 Ford Woods
Is Ford Woods one of the best neighborhoods in Dearborn?
Ford Woods has a Best Neighborhoods USA Index of 47.7 and a city ranking of #22 of 29 eligible neighborhoods in Dearborn.
How much are homes worth in Ford Woods?
The current Zillow Home Value Index for Ford Woods is approximately $235,794.
Are home values rising or falling in Ford Woods?
Zillow neighborhood values changed 6.4% year over year and 0.96% month over month.
What is the Neighborhood Momentum Score for Ford Woods?
Ford Woods has a Neighborhood Momentum Score of 92.9. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Ford Woods?
The NDS-derived neighborhood median household income is approximately $46,146.
How affordable is Ford Woods relative to household income?
The current Zillow home-value-to-household-income ratio is 5.11. Price-to-income affordability is a major Value Opportunity input.
Is Ford Woods primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 73.6%.
What is the unemployment rate in Ford Woods?
The NDS-derived civilian unemployment rate is approximately 6.2%.
How educated are residents of Ford Woods?
Approximately 21.1% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Ford Woods face high rent burden?
Approximately 61.6% 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 Ford Woods?
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 applications98
Estimated originations53
Home-purchase applications34
Origination rate54.6%
Home-purchase share34.4%
Average application loan$148,882
Total application loan amount$14,530,768
National application rank#4,435 of 14,874 rankable neighborhoods
Geometry coverage99.9%
Recent trend: Applications -21.9% YoY; originations 5.7% 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.