What is the Best Neighborhoods USA ranking for Hedgewood?
Hedgewood is ranked #1 of 25 eligible neighborhoods in Lafayette; #179 of 656 eligible neighborhoods in IN; and #2,289 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Hedgewood
Lafayette, IN | Tippecanoe County
Scored premium profile
Best Neighborhoods USA Index
65.8
Stability and Strength
50.9
Value Opportunity
66.3
Momentum
89.0
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Lafayette, IN |
| County | Tippecanoe County |
| National rank | #2,289 of 14,967 |
| State rank | #179 of 656 |
| City rank | #1 of 25 |
| County rank | #7 of 40 |
| National percentile | 84.7 |
| National band | TOP_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $205,349 |
| Year-over-year home value change | 6.4% |
| Month-over-month home value change | 0.45% |
| Home value to income ratio | 3.22 |
| Median household income | $63,854 |
| Bachelor's degree or higher | 23.6% |
| Civilian unemployment rate | 2.0% |
| Homeownership rate | 55.8% |
| Housing vacancy rate | 0.0% |
| Rent burden 30% or higher | 53.8% |
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 Hedgewood
Is Hedgewood one of the best neighborhoods in Lafayette?
Hedgewood has a Best Neighborhoods USA Index of 65.8 and a city ranking of #1 of 25 eligible neighborhoods in Lafayette.
How much are homes worth in Hedgewood?
The current Zillow Home Value Index for Hedgewood is approximately $205,349.
Are home values rising or falling in Hedgewood?
Zillow neighborhood values changed 6.4% year over year and 0.45% month over month.
What is the Neighborhood Momentum Score for Hedgewood?
Hedgewood has a Neighborhood Momentum Score of 89.0. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Hedgewood?
The NDS-derived neighborhood median household income is approximately $63,854.
How affordable is Hedgewood relative to household income?
The current Zillow home-value-to-household-income ratio is 3.22. Price-to-income affordability is a major Value Opportunity input.
Is Hedgewood primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 55.8%.
What is the unemployment rate in Hedgewood?
The NDS-derived civilian unemployment rate is approximately 2.0%.
How educated are residents of Hedgewood?
Approximately 23.6% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Hedgewood face high rent burden?
Approximately 53.8% 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 Hedgewood?
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 applications26
Estimated originations18
Home-purchase applications11
Origination rate68.1%
Home-purchase share41.2%
Average application loan$118,809
Total application loan amount$3,100,495
National application rank#9,776 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -3.5% YoY; originations 4.9% 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.