Why Live in Palmer Woods
Palmer Woods in Detroit is a historic neighborhood known for its well-preserved homes, strong community spirit, and secluded feel along the Woodward Corridor. The area features a diverse mix of Victorian, Tudor, Colonial, Georgian, and Mediterranean homes on spacious half-acre lots, many designed by renowned architects. Residents value the camaraderie and active community involvement, with events like the Palmer Woods Music in Homes concert series and various fundraisers contributing to neighborhood improvements. Palmer Park, located just south of the neighborhood, offers 296 acres of recreational space, including a 2.5-mile walking trail, playscape, splash pad, community garden, and an apple orchard. The park also hosts events such as the Harvest Fest, featuring hayrides, apple picking, and a petting zoo. Nearby, Detroit Golf provides two 18-hole courses and an exclusive clubhouse.
For education, the University of Detroit Jesuit High School and Academy is a highly rated private school option. Shopping and dining options are plentiful, with big box stores and chain restaurants on Woodward, and a variety of small shops, diners, and services on the Livernois Avenue of Fashion. Notable local spots include La Dolce Vita Detroit, known for its Italian cuisine and live music, and Baker's Keyboard Lounge, a historic jazz bar with an eclectic soul food menu. The neighborhood's walkable layout, paved bike lanes, and bus routes along major streets make it easy to get around without a car, though most residents own one. Despite its central location, Palmer Woods offers a serene and quiet environment with its curving streets and mature trees.
Frequently Asked Questions
Is Palmer Woods a good place to live?
Palmer Woods is a good place to live. Palmer Woods is considered very car-dependent and somewhat bikeable with good transit options. Palmer Woods has 1 park for recreational activities. It is fairly sparse in population with 3.5 people per acre and a median age of 52. The average household income is $164,402 which is above the national average. College graduates make up 64.4% of residents. A majority of residents in Palmer Woods are home owners, with 2.4% of residents renting and 97.6% of residents owning their home. A
local real estate agent serving Palmer Woods can help you decide if this neighborhood is the right one for you. Learn more on our
Palmer Woods neighborhood guide.
How much do you need to make to afford a house in Palmer Woods?
The median home price in Palmer Woods is $850,000. If you put a 20% down payment of $170,000 and had a 30-year fixed mortgage with an interest rate of 6.5%, your estimated principal and interest payment would be $4,300 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $184K a year to afford the median home price in Palmer Woods. The average household income in Palmer Woods is $164K.
What are the best public schools in Palmer Woods?
The best public schools that serve Palmer Woods are:
What are the best private schools in Palmer Woods?
The best private schools that serve Palmer Woods are:
What are the most popular zip codes in Palmer Woods, Detroit, MI?
What are the most popular neighborhoods near Palmer Woods, Detroit, MI?
Are home prices dropping in Palmer Woods?
Yes, home prices in Palmer Woods are down 3% in the last 12 months.
Home Trends in Palmer Woods, MI
On average, homes in Palmer Woods, Detroit sell after 58 days on the market compared to the national average of 52 days. The median sale price for homes in Palmer Woods, Detroit over the last 12 months is $750,000, up 2% from the median home sale price over the previous 12 months.
Median Sale Price
$750,000
Median Single Family Sale Price
$762,500
Average Price Per Sq Ft
$170
Number of Homes for Sale
7
Last 12 months Home Sales
7
Median List Price
$850,000
Median Change From 1st List Price
6%
Median Home Sale Price YoY Change
2%
