Why Live in Depot Town
Depot Town in Ypsilanti is a historic neighborhood known for its 1800s architecture and vibrant community life. The area is centered around the intersection of Cross and River, featuring colorful buildings with arched windows that house apartments above shops, restaurants, and museums. Depot Town is a hub for local events, including Saturday farmers markets, Thursday night vintage car shows, and the annual Summer Beer Festival. The neighborhood also hosts the Michigan ElvisFest and will be the site for the 2024 Ypsi Pride parade. The Ypsilanti Automotive Heritage Collection's car show and the Ypsilanti Freighthouse's events add to the local charm. Despite occasional traffic and parking challenges due to these events, residents enjoy a lively atmosphere with popular spots like Maiz Mexican Cantina, Sidetrack Bar & Grill, and Hyperion Coffee. The neighborhood is also known for its outdoor spaces, with the Huron River and nearby Frog Island and Riverside parks offering trails, picnicking, and fishing opportunities. Homes in Depot Town range from Victorian to Colonial styles, dating from the mid-1800s to early 1900s, and are part of a protected historic district. While larger grocery stores are a few miles away, the Ypsilanti Food Co-op provides a local shopping alternative. Depot Town is within walking distance of downtown Ypsilanti and Eastern Michigan University, with Ann Arbor 10 miles away and Detroit Metropolitan Airport 15 miles away. The neighborhood is safer than the national average, making it a desirable place to live. For education, Washtenaw International High School (WIHI) is a highly rated option for local students.
Frequently Asked Questions
Is Depot Town a good place to live?
Depot Town is a good place to live. Depot Town is considered fairly walkable and very bikeable with good transit options. Depot Town is a suburban neighborhood. Depot Town has 5 parks for recreational activities. It is fairly sparse in population with 4.4 people per acre and a median age of 39. The average household income is $79,925 which is below the national average. College graduates make up 48.3% of residents. A majority of residents in Depot Town are home owners, with 43.3% of residents renting and 56.7% of residents owning their home. A
local real estate agent serving Depot Town can help you decide if this neighborhood is the right one for you. Learn more on our
Depot Town neighborhood guide.
How much do you need to make to afford a house in Depot Town?
The median home price in Depot Town is $324,950. If you put a 20% down payment of $65,000 and had a 30-year fixed mortgage with an interest rate of 6.35%, your estimated principal and interest payment would be $1,620 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $69K a year to afford the median home price in Depot Town. The average household income in Depot Town is $80K.
What are the best public schools in Depot Town?
The best public schools that serve Depot Town are:
What are the best private schools in Depot Town?
The best private schools that serve Depot Town are:
What are the most popular zip codes in Depot Town, Ypsilanti, MI?
What are the most popular neighborhoods near Depot Town, Ypsilanti, MI?
Are home prices dropping in Depot Town?
Yes, home prices in Depot Town are down 4% in the last 12 months.
Home Trends in Depot Town, MI
On average, homes in Depot Town, Ypsilanti sell after 6 days on the market compared to the national average of 52 days. The median sale price for homes in Depot Town, Ypsilanti over the last 12 months is $340,000, down 3% from the median home sale price over the previous 12 months.
Median Sale Price
$340,000
Median Single Family Sale Price
$313,000
Average Price Per Sq Ft
$205
Number of Homes for Sale
7
Last 12 months Home Sales
11
Median List Price
$324,950
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-3%
