Why Live in Riverbend
Riverbend, a neighborhood in Detroit, is located just over a mile from the Detroit River and features a variety of housing options, including apartments, townhouses, duplexes, and single-family homes. The area includes historic structures and newer Victorian-inspired constructions, with homes set back from sidewalks to provide modest front lawns. Revitalization efforts include an urban orchard of apple trees planted by Wolverine Human Services. Local amenities feature a farmers market on East Warren Avenue and a playground on Goethe Street. The neighborhood is 7 miles from downtown Detroit, with bus stops offering convenient transportation.
Students in Riverbend attend Detroit Public Schools, including Carstens Elementary-Middle and East English Village Preparatory Academy, the latter noted for its highly rated teachers. Shopping and dining options include Yellow Light for coffee and donuts, and Detroit Soul for locally sourced cuisine. Mack-Alter Square features an Aldi and Family Dollar, while Atwater Brewery offers a traditional German beer hall experience. POST, a mixed-use space by Mutal Adoration, provides rentable studios, a retail shop, and craft workshops.
Recreational opportunities include the 2.6-acre Algonquin-Goethe Park, with a soccer field, basketball court, playground, and walking path. Nearby Chandler Park spans over 200 acres and features a golf course, aquatic center, athletic fields, marshland, gardens, a skate park, fitness zone, and tennis courts. The neighborhood is safer than the national average, making it a practical choice for potential homebuyers.
Frequently Asked Questions
Is Riverbend a good place to live?
Riverbend is a good place to live. Riverbend is considered car-dependent and bikeable with some transit options. Riverbend is a suburban neighborhood. Riverbend has 5 parks for recreational activities. It is fairly sparse in population with 5.3 people per acre and a median age of 39. The average household income is $29,666 which is below the national average. College graduates make up 10.7% of residents. A majority of residents in Riverbend are renters, with 58.1% of residents renting and 41.9% of residents owning their home. A
local real estate agent serving Riverbend can help you decide if this neighborhood is the right one for you. Learn more on our
Riverbend neighborhood guide.
How much do you need to make to afford a house in Riverbend?
The median home price in Riverbend is $87,450. If you put a 20% down payment of $17,500 and had a 30-year fixed mortgage with an interest rate of 6.56%, your estimated principal and interest payment would be $440 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $19K a year to afford the median home price in Riverbend. The average household income in Riverbend is $30K.
What are the best public schools in Riverbend?
The best public schools that serve Riverbend are:
What are the best private schools in Riverbend?
The best private schools that serve Riverbend are:
What are the most popular zip codes in Riverbend, Detroit, MI?
What are the most popular neighborhoods near Riverbend, Detroit, MI?
Are home prices dropping in Riverbend?
Yes, home prices in Riverbend are down 36% in the last 12 months.
Home Trends in Riverbend, MI
On average, homes in Riverbend, Detroit sell after 62 days on the market compared to the national average of 52 days. The median sale price for homes in Riverbend, Detroit over the last 12 months is $65,000, down 53% from the median home sale price over the previous 12 months.
Median Sale Price
$65,000
Median Single Family Sale Price
$90,000
Average Price Per Sq Ft
$88
Number of Homes for Sale
10
Last 12 months Home Sales
14
Median List Price
$87,450
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-53%
