$106,338Average Value$82Average Price per Sq Ft6Homes For Sale
What draws buyers to Five Points' brick homes and location
Five Points is a west side Detroit neighborhood known for its collection of well-kept midcentury homes. Homebuyers are often drawn to the area's brick bungalows and ranch-style houses, which are frequently priced below similar homes in nearby suburbs. Shopping and dining options along Grand River Avenue, combined with convenient access to the rest of metro Detroit, make the neighborhood a practical choice for many residents.
Five Points is in the northwestern corner of Detroit.
Prospective home buyers are often attracted to the area for its midcentury homes.
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Midcentury homes at prices below many nearby suburbs
Streets throughout the neighborhood feature midcentury bungalows, Cape Cods and ranch-style homes, many with hardwood floors and full basements. Many homes have updated kitchens and modern mechanical systems. The median sale price hovers around $85,000, with overall prices ranging from about $50,000 to the upper $100,000s depending on condition. These price points generally put the area above Oak Grove but just below Seven Mile-Rouge, Redford and Southfield. “You can get a well-built, brick ranch home for under $100,000,” says Realtor Tami Jo Schuetzler of Elite Realty Advisors, who adds, “It's a good, solid price point.”
Cottage-style homes are common sight here.
Cape Cods are popular in the area, as well.
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Students can apply to specialized programs citywide
The Detroit Public Schools Community District is a district of choice, meaning students can apply to programs across the city rather than being assigned based on address. Charles Wright Academy of Arts and Science serves Pre-K through eighth grade and offers programming in performing arts, visual arts and science. Cass Technical High School is an examination school with an International Baccalaureate program and Advanced Placement courses.
Many students will attend the Charles Wright Academy of Arts and Science.
Students can also enroll at the Ralph W. Emerson School.
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Nearby dining and shopping near Seven Mile, Eight Mile and Grand River
Five Points offers a modest mix of places to eat, with lots of options nearby:
Urban Grill, a casual American restaurant serving burgers and lobster rolls
Views Bar & Grill, an upscale-casual lounge with a menu ranging from chicken wings to lamb chops
Nu Wave Fish & Chicken, a counter-service spot known for fried fish and chicken combos
Omega Coney Island, a classic diner with Coney dogs and all-day breakfast
Demi's Restaurant & Bar, offering contemporary American dishes and live entertainment
For everyday shopping, locals often head toward the Grand River Avenue corridor and nearby Redford. Popular spots include the Meijer on Grand River, and retail centers such as Redford Plaza.
Omega Coney Island is a classic diner with all-day breakfast.
Nu Wave Fish offers a variety of fresh seafood options.
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Major roads connect residents to Detroit and beyond
Telegraph Road, Grand River Avenue and West Eight Mile Road are the neighborhood’s primary thoroughfares, while Interstate 96 takes commuters to Downtown Detroit, which is just under 20 miles away. Public transportation is available through both the Detroit Department of Transportation and the Suburban Mobility Authority for Regional Transportation bus systems.
Opyum Lounge is a local favorite for food and cold drinks.
A variety of strip malls can be found on the borders of Five Points.
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Parks and recreation options a short drive from home
Fargo-Fenton Playground is a neighborhood park with a play area, open green space and a walking path. A short drive away in Southfield, Beech Woods Park includes a driving range, basketball courts and sand volleyball courts. The Beech Woods Recreation Center is an indoor facility with a large gymnasium for basketball and volleyball, a fitness center and space for classes and community programs.
Edward G. Heckel Park has basketball hoops and a playground.
Claude Allison Park is just around the corner from Five Points.
GreatSchools:
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Most people in my area has a good paying job, but has not had a raise in some years, as we all know everything is or has gone up in price except the pay checks. The jobs in my area is good for having a second income to help out in the household. Most people love their first job and often state that if they can get at least to raises on their first job they would let go of there second job. So in my area the overall job outlook in my area I rate it the best for having a second job.
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Five Points Demographics and Home Trends
On average, homes in Five Points, Detroit sell after 46 days on the market compared to the national average of 55 days. The median sale price for homes in Five Points, Detroit over the last 12 months is $84,950, down 12% from the median home sale price over the previous 12 months.
Housing Trends
Median List Price
$99,999
Median Sale Price
$84,950
Median Single Family Sale Price
$90,000
Median 2 Bedroom Sale Price
$48,500
Median Change From 1st List Price
12%
Last 12 months Home Sales
20
Median Home Sale Price YoY Change
-12%
Average Price Per Sq Ft
$82
Neighborhood Facts
Number of Homes
936
Number of Homes for Sale
6
Median Year Built
1951
Months of Supply
3.60
Average Single Family Home Size Sq Ft
935
Significantly below the national average
1,935
Average 2 Bedroom Size Sq Ft
800
Average 1 Bedroom Size Sq Ft
800
Median Lot Size Sq Ft
6,098
Distribution of Home Values
Source: Public Records
Market Report
Detroit Housing Market
Detroit home prices are climbing as inventory grows and sales slow, putting added pressure on affordability.
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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
