Why Live in Five Points
Five Points, located in Detroit's northwestern corner, borders suburban Southfield to the north and Redford Charter Township to the west. This neighborhood, 15 miles from downtown Detroit, features suburban-like streets lined with sidewalks and trees. The area is known for its affordable housing, with brick ranch homes and vinyl-sided bungalows typically around 1,000 square feet. Prices range from $55,000 to $180,000, with fixer-uppers available for $30,000 or less. Residents benefit from convenient access to I-96 via Telegraph Road and multiple Detroit Department of Transportation bus stops along Seven Mile Rd., Eight Mile Rd., and Grand River Ave.
Five Points offers a mix of shopping and dining options, including Obama Fresh Fish and Seafood, Demi’s Restaurant and Bar, and The Smackin’. For groceries, Aldi and Spartan Foods are nearby in Redford Township, along with Darou Salam African Market on Seven Mile Rd. Recreational spaces include Fargo-Fenton Playground, which features play areas and a walking path, and a small playground with a little library on Lenore Ave. Grand Lawn Cemetery, spanning 175 acres, is also frequented by walkers.
The neighborhood has several schools, with Charles Wright Academy of Arts and Science being the highest-rated, offering a focus on performing arts. Churches such as New St. Mark Baptist Church and Greater Grace Temple play significant roles in the community, providing various services and programs. Despite the presence of an abandoned school, the city is actively seeking residential developers for the property.
Home Trends in Five Points, MI
On average, homes in Five Points, Detroit sell after 78 days on the market compared to the national average of 70 days. The median sale price for homes in Five Points, Detroit over the last 12 months is $325,000, down 20% from the median home sale price over the previous 12 months.
Median Sale Price
$325,000
Median Single Family Sale Price
$325,000
Median 2 Bedroom Sale Price
$5,690,000
Median 1 Bedroom Sale Price
$300,000
Average Price Per Sq Ft
$336
Number of Homes for Sale
5
Last 12 months Home Sales
58
Median List Price
$329,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-20%
