Neighborhood Profile

Waban

Newton, MA | Middlesex County
Scored premium profile
Best Neighborhoods USA Index
53.9
National rank: #6,140 of 14,967
Stability and Strength
52.8
Score
Value Opportunity
28.6
Score
Momentum
91.3
Score
Score note: Rankings show denominators so users always see the size of the eligible cohort.
ContextValue
LocationNewton, MA
CountyMiddlesex County
National rank#6,140 of 14,967
State rank#147 of 259
City rank#9 of 12
County rank#69 of 110
National percentile59.0
National bandMIDDLE_50_PERCENT
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Housing and local fundamentals

Housing and market metricsValue
Current Zillow home value$2,354,002
Year-over-year home value change6.9%
Month-over-month home value change0.55%
Home value to income ratio525.35
Median household income$4,481
Bachelor's degree or higher82.8%
Civilian unemployment rate4.2%
Homeownership rate78.2%
Housing vacancy rate6.8%
Rent burden 30% or higher49.8%

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 Waban

What is the Best Neighborhoods USA ranking for Waban?

Waban is ranked #9 of 12 eligible neighborhoods in Newton; #147 of 259 eligible neighborhoods in MA; and #6,140 of 14,967 eligible neighborhoods in the United States.

Is Waban one of the best neighborhoods in Newton?

Waban has a Best Neighborhoods USA Index of 53.9 and a city ranking of #9 of 12 eligible neighborhoods in Newton.

How much are homes worth in Waban?

The current Zillow Home Value Index for Waban is approximately $2,354,002.

Are home values rising or falling in Waban?

Zillow neighborhood values changed 6.9% year over year and 0.55% month over month.

What is the Neighborhood Momentum Score for Waban?

Waban has a Neighborhood Momentum Score of 91.3. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.

What is the median household income in Waban?

The NDS-derived neighborhood median household income is approximately $4,481.

How affordable is Waban relative to household income?

The current Zillow home-value-to-household-income ratio is 525.35. Price-to-income affordability is a major Value Opportunity input.

Is Waban primarily homeowners or renters?

The NDS-derived homeownership rate is approximately 78.2%.

What is the unemployment rate in Waban?

The NDS-derived civilian unemployment rate is approximately 4.2%.

How educated are residents of Waban?

Approximately 82.8% of residents age 25 and older are estimated to have a bachelor's degree or higher.

What share of renters in Waban face high rent burden?

Approximately 49.8% 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 Waban?

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 applications133
Estimated originations94
Home-purchase applications62
Origination rate70.4%
Home-purchase share47.0%
Average application loan$1,083,292
Total application loan amount$144,025,611
National application rank#3,316 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 3.1% YoY; originations 15.7% 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.