What is the Best Neighborhoods USA ranking for Belmont Estates?
Belmont Estates is ranked #5 of 13 eligible neighborhoods in Harrisonburg; #86 of 518 eligible neighborhoods in VA; and #2,003 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Belmont Estates
Harrisonburg, VA | Rockingham County
Scored premium profile
Best Neighborhoods USA Index
67.0
Stability and Strength
66.5
Value Opportunity
60.3
Momentum
77.3
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Harrisonburg, VA |
| County | Rockingham County |
| National rank | #2,003 of 14,967 |
| State rank | #86 of 518 |
| City rank | #5 of 13 |
| County rank | Not available |
| National percentile | 86.6 |
| National band | TOP_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $476,255 |
| Year-over-year home value change | 3.8% |
| Month-over-month home value change | 0.31% |
| Home value to income ratio | 5.46 |
| Median household income | $87,281 |
| Bachelor's degree or higher | 46.1% |
| Civilian unemployment rate | 1.0% |
| Homeownership rate | 95.9% |
| Housing vacancy rate | 3.1% |
| Rent burden 30% or higher | 100.0% |
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 Belmont Estates
Is Belmont Estates one of the best neighborhoods in Harrisonburg?
Belmont Estates has a Best Neighborhoods USA Index of 67.0 and a city ranking of #5 of 13 eligible neighborhoods in Harrisonburg.
How much are homes worth in Belmont Estates?
The current Zillow Home Value Index for Belmont Estates is approximately $476,255.
Are home values rising or falling in Belmont Estates?
Zillow neighborhood values changed 3.8% year over year and 0.31% month over month.
What is the Neighborhood Momentum Score for Belmont Estates?
Belmont Estates has a Neighborhood Momentum Score of 77.3. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Belmont Estates?
The NDS-derived neighborhood median household income is approximately $87,281.
How affordable is Belmont Estates relative to household income?
The current Zillow home-value-to-household-income ratio is 5.46. Price-to-income affordability is a major Value Opportunity input.
Is Belmont Estates primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 95.9%.
What is the unemployment rate in Belmont Estates?
The NDS-derived civilian unemployment rate is approximately 1.0%.
How educated are residents of Belmont Estates?
Approximately 46.1% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Belmont Estates face high rent burden?
Approximately 100.0% 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 Belmont 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 applications6
Estimated originations4
Home-purchase applications4
Origination rate65.2%
Home-purchase share68.0%
Average application loan$275,442
Total application loan amount$1,604,882
National application rank#13,525 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 5.8% YoY; originations 13.5% 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.