What is the Best Neighborhoods USA ranking for Cherry Hill Estates?
Cherry Hill Estates is ranked #5 of 29 eligible neighborhoods in Dearborn; #41 of 334 eligible neighborhoods in MI; and #1,121 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Cherry Hill Estates
Dearborn, MI | Wayne County
Scored premium profile
Best Neighborhoods USA Index
71.3
Stability and Strength
71.1
Value Opportunity
63.3
Momentum
82.9
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 | #1,121 of 14,967 |
| State rank | #41 of 334 |
| City rank | #5 of 29 |
| County rank | #9 of 123 |
| National percentile | 92.5 |
| National band | TOP_10_PERCENT |
Neighborhood Expert Opportunity
Become the Neighborhood Expert for this market
Inquire about this marketUnsold commercial placement. No local expert is currently assigned.
Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $813,948 |
| Year-over-year home value change | 4.1% |
| Month-over-month home value change | 0.56% |
| Home value to income ratio | 5.44 |
| Median household income | $149,658 |
| Bachelor's degree or higher | 53.3% |
| Civilian unemployment rate | 5.5% |
| Homeownership rate | 99.8% |
| Housing vacancy rate | 0.0% |
| Rent burden 30% or higher | 68.5% |
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 Cherry Hill Estates
Is Cherry Hill Estates one of the best neighborhoods in Dearborn?
Cherry Hill Estates has a Best Neighborhoods USA Index of 71.3 and a city ranking of #5 of 29 eligible neighborhoods in Dearborn.
How much are homes worth in Cherry Hill Estates?
The current Zillow Home Value Index for Cherry Hill Estates is approximately $813,948.
Are home values rising or falling in Cherry Hill Estates?
Zillow neighborhood values changed 4.1% year over year and 0.56% month over month.
What is the Neighborhood Momentum Score for Cherry Hill Estates?
Cherry Hill Estates has a Neighborhood Momentum Score of 82.9. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Cherry Hill Estates?
The NDS-derived neighborhood median household income is approximately $149,658.
How affordable is Cherry Hill Estates relative to household income?
The current Zillow home-value-to-household-income ratio is 5.44. Price-to-income affordability is a major Value Opportunity input.
Is Cherry Hill Estates primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 99.8%.
What is the unemployment rate in Cherry Hill Estates?
The NDS-derived civilian unemployment rate is approximately 5.5%.
How educated are residents of Cherry Hill Estates?
Approximately 53.3% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Cherry Hill Estates face high rent burden?
Approximately 68.5% 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 Cherry Hill Estates?
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 applications47
Estimated originations28
Home-purchase applications19
Origination rate59.2%
Home-purchase share40.4%
Average application loan$320,389
Total application loan amount$15,064,293
National application rank#7,487 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 23.9% YoY; originations 16.9% 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.