Why Live in Downtown Detroit
Downtown Detroit, situated between Highway 10 and Interstate 375, is a vibrant and walkable community known for its high-rise condos and a mix of renovated Art Deco buildings from the 1920s and 1930s. The area has seen significant growth since 2010, with a 23% increase in population, leading to the development of new apartments, condos, and mixed-use commercial spaces. Residents enjoy easy access to amenities, including Detroit’s top restaurants, nightlife, and all four professional sports teams. The neighborhood is also home to numerous museums and music venues, making it a hub for things to do. Notable dining options include the historic American Coney Island and Central Kitchen + Bar, while grocery needs can be met at Meijer, Whole Foods, and Plum Market. For shopping, the Somerset Collection offers luxury and local designer goods. The Detroit Riverwalk, a 3-mile trail, provides opportunities for running and biking, passing landmarks like the Aretha Franklin Amphitheater and Robert C. Valade Park. Hart Plaza and Campus Martius Park host various seasonal activities, from summer festivals to winter ice skating. Cass Technical High School, a highly rated institution, serves the area’s students with a range of specialized courses. Transportation options are plentiful, with rentable bikes and scooters, the Q-Line train, and the Detroit People Mover monorail. For longer trips, Detroit Metropolitan Airport is 20 miles west.
Frequently Asked Questions
Is Downtown Detroit a good place to live?
Downtown Detroit is a good place to live. Downtown Detroit is considered very walkable and very bikeable with great transit options. Downtown Detroit has 9 parks for recreational activities. It is somewhat dense in population with 8.5 people per acre and a median age of 39. The average household income is $100,821 which is above the national average. College graduates make up 52.5% of residents. A majority of residents in Downtown Detroit are renters, with 92.6% of residents renting and 7.4% of residents owning their home. A
local real estate agent serving Downtown Detroit can help you decide if this neighborhood is the right one for you. Learn more on our
Downtown Detroit neighborhood guide.
How much do you need to make to afford a house in Downtown Detroit?
The median home price in Downtown Detroit is $350,000. If you put a 20% down payment of $70,000 and had a 30-year fixed mortgage with an interest rate of 6.35%, your estimated principal and interest payment would be $1,740 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $75K a year to afford the median home price in Downtown Detroit. The average household income in Downtown Detroit is $101K.
What are the best public schools in Downtown Detroit?
The best public schools that serve Downtown Detroit are:
What are the best private schools in Downtown Detroit?
The best private schools that serve Downtown Detroit are:
What are the most popular zip codes in Downtown Detroit, Detroit, MI?
What are the most popular neighborhoods near Downtown Detroit, Detroit, MI?
Home Trends in Downtown Detroit, MI
On average, homes in Downtown Detroit, Detroit sell after 67 days on the market compared to the national average of 52 days. The median sale price for homes in Downtown Detroit, Detroit over the last 12 months is $340,000, up 3% from the median home sale price over the previous 12 months.
Median Sale Price
$340,000
Median 2 Bedroom Sale Price
$350,000
Median 1 Bedroom Sale Price
$222,450
Average Price Per Sq Ft
$337
Number of Homes for Sale
27
Last 12 months Home Sales
23
Median List Price
$350,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
3%
