$510,046Average Value$340Average Price per Sq Ft19Homes For Sale
Fast-paced lifestyle with multiple conveniences
Located between Highway 10 and Interstate 375, Downtown Detroit is a place where 20-story high rises and the resurgence of local businesses whisper of days long gone, when the Motor City was still a booming area for car manufacturers. Residents of this walkable community are used to a fast-paced lifestyle and the convenience of easily accessible amenities. “Being close to everything is the main appeal of the neighborhood. You’re close to the business district,” says Matt O’Laughlin, a real estate agent with Max Broock Realtors. “There’s also a lot of museums and music venues. And you have all four professional sports nearby.” The Pistons, Lions, Tigers, and Red Wings, oh my! Living downtown also means having access to Detroit’s most popular restaurants and nightlife.
Since 2010, the Downtown area has experienced a 23% increase in population. To accommodate this growth, the area has seen buildings transition into newly renovated apartments and condos or mixed-use commercial spaces. More growth is expected in the area with Ford Motor Company’s acquisition of the Michigan Central Station, the city’s former passenger rail depot. The historic site, only 3 miles away, is expected to be the wave of the future, and include retail, restaurants, collaborative spaces and tech-enabled innovation labs. The landmark might even house a hotel if zoning permissions are granted.
See the Red Wings or Pistons play at Little Caesar's Arena in Downtown Detroit.
Downtown Detroit has a vibrant sports following.
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Downtown making a comeback
Downtown Detroit’s progress did not happen overnight, however. The 2008 recession led to many home foreclosures, city bankruptcy, and the area’s population declined. “Now you see young entrepreneurs, college kids moving back to Detroit to create the workforce. Nonprofits are moving the needle,” says Derrick Coleman, a former NBA player and long-time Detroit resident who has lived and owned businesses in the Downtown area. Through several years of investment and management changes, the city is steadily creating more opportunities for entrepreneurs. The Motor City Match is one such initiative that has assisted over 1,800 small businesses to launch or expand over the past 8 years. So far, the not-for-profit has provided over $14 million in grants for this purpose. Over the course of a decade, new employment opportunities grew in the food and technology industries. “You see this resurgence. Someone is always opening a new restaurant,” Coleman says. “They’re [the city] really pushing and making a movement for education in the tech field as well.”
Detroiters line up for events in Downtown Detroit.
Detroit Beer Co. is a spacious pub in Downtown Detroit.
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A century-old treasure and lively new restaurants
While new restaurants constantly emerge, American Coney Island has had lifelong customers since 1917. This laid-back, family-owned hot dog counter serves signature Coney Island dogs with chili and onions. Central Kitchen + Bar is popular for after-work social gatherings and weekend brunches of mimosas and brioche French toast, punctuated by sounds of R&B music. Weekly groceries can be grabbed at Meijer or Whole Foods. Plum Market is ideal for those looking for a gourmet grab-and-go option. Somerset Collection, an upscale shopping mall, features rotating luxury designers and local artists in the downtown Metropolitan Building storefront on John Street.
Stop in for a quick bite after the game at American Coney Island in Downtown Detroit.
Stop by Downtown Detroit's Bakalikon Greek Market & Bar for a coffee or a late night drink.
Find scratch-made breakfast, lunch and brunch at Dime Store in Downtown Detroit.
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Renovated Art Decos for housing
Most homes in Downtown Detroit are high-rise condo buildings; however, there are sprinkles of townhouses and mid-rises in between. Art Deco buildings from the 1920s to 1930s were renovated to include state-of-the-art appliances and offer sweeping views of the surrounding neighborhood. These buildings include amenities like a fitness center, pool, community areas and security. A three-bedroom unit with at least two bathrooms can cost between $545,000 to over $1.78 million. Two-bedroom and studio condos usually range between $200,000 and over $800,000, depending on how recently they’ve been renovated. Most complexes offer assigned parking spaces for those with vehicles.
Most of Downtown Detroit's high rise buildings have been renovated in the past 10 years.
Downtown Detroit condos offer concierge service and popular amenities.
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Skate at Campus Martius Park or Walk at Detroit Riverwalk
Identified as one of the country’s best riverwalks, The Detroit Riverwalk makes the possibility of running and biking along a 3-mile trail an everyday activity. The trail stretches through landmarks like Aretha Franklin Amphitheater and Robert C. Valade Park. Hart Plaza is a 14-acre plaza that hosts summer festivals, special events, and concerts at its amphitheater. Campus Martius Park offers attractions for all seasons. “They have an ice rink during the winter,” Coleman says. The Rink at Campus Martius Park is open from November to March. “In the summertime, they have all kinds of activities, including basketball and food trucks.” During warmer months, residents can also spend their leisure time lounging on towels on the park’s manmade beach, made up of 40,000 pounds of sand, in the middle of the busy metro area. Campus Martius Park is also home to the annual tree-lighting ceremony and the Detroit Jazz Festival.
During the winter months, Downtown Detroit's Campus Martius is transformed into an ice rink.
The Detroit Riverwalk is ranked best in the nation in Downtown Detroit.
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Trade preparation for Downtown Detroit students
Homebuyers with school-aged children might send them to Charles L. Spain Elementary-Middle School, rated a C-minus from Niche. Cass Technical High School is rated a B-plus and is one of the largest schools in the Detroit Public Schools system. The school offers courses in several industries to prepare students for life after high school, including architecture, graphic arts, chemical engineering and computer information systems. Students who want to stay local can explore one of Detroit’s 34 colleges, one close by is Wayne State University with 350 programs.
Cass Technical Institute is a magnet high school serving Downtown Detroit students.
Charles L. Spain Elementary-Middle School offers convenience for Downtown Detroit youth.
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Walk of free public transportation access
“In Downtown Detroit, you’re walking to get where you need to go,” O’Laughlin says. “There are bikes and scooters you can rent. Uber and Lyft are big here.” Other options for getting around downtown include the Q-Line train, which runs north to south from downtown to New Center and connects to the Amtrak station. You can also use the Detroit People Mover, a free monorail system that makes a loop around downtown and can take you to many of the popular locations in the neighborhood. Those needing to travel outside the Detroit Metro area, can catch a flight from Detroit Metropolitan Airport 20 miles west.
The Q-Line runs along Woodward Avenue through Downtown Detroit.
Detroiters stroll past Queens Bar under the People Mover track in Downtown Detroit.
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Written By
Courtney Murphy
Photography Contributed By
Eric Lynch
Video By
Timothy Cerva
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Agents Specializing in this Area
Alexander Zachary
Berkshire Hathaway HomeServices The Loft Warehouse
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Alexander Zachary,
an experienced agent in this neighborhood.
Parks in this Area
Grand Circus Park
Dog Park
Picnic Area
Events
Detroit International Riverfront
Campus Martius Park
Picnic Area
Events
Beacon Park
Picnic Area
Trails
Events
Capitol Park
Dog Park
Picnic Area
Events
Hart Plaza
Amphitheater
Walking Paths
Detroit Riverwalk
Fishing
Playground
Parking Lot
Harmonie Park
Picnic Area
Transit
Airport
Windsor International
24 min drive
Subway
Times Square
Subway
Michigan Avenue
Subway
Fort/Cass
Subway
Cobo Center
Subway
Joe Louis Arena
Subway
Financial District
Subway
Millender Center
Subway
Renaissance Center
Subway
Bricktown
Subway
Greektown
Subway
Cadillac Center
Subway
Broadway
Subway
Grand Circus Park
Bus
Grand Circus Park
Bus
Congress & Bates
Bus
Fort & First
Bus
Lca
Bus
Washington & Jefferson
Bus
Clifford & Washington
Bus
Lafayette & Beaubien
Crime and Safety
1 - Low Crime, 10 - High Crime
Downtown Detroit
US
Homicide
6
4
Sexual Assault
8
4
Assault with Weapon
6
4
Robbery
9
4
Burglary
10
4
Motor Vehicle Theft
9
4
Larceny
9
4
Crime Score
9
4
Source: WhatIsMyCrimeRisk.com
Demographics and Home Trends
On average, homes in Downtown Detroit, Detroit sell after 108 days on the market compared to the national average of 47 days. The average sale price for homes in Downtown Detroit, Detroit over the last 12 months is $449,302, down 8% from the average home sale price over the previous 12 months.
Million-dollar river views and luxury living in the Westin Book Cadillac! This spacious 2 bed, 2 bath high-rise condo offers breathtaking views of the Detroit River from both the living space and primary bedroom. Enjoy resident perks: private elevator and lobby, concierge service, fitness studio, indoor pool & hot tub, secure storage cage, and discounts on hotel stays, dining, and dry cleaning.
Experience luxury high-rise living in the heart of the city on the 28th floor of The Residences at The Westin Book Cadillac. This exquisite condominium offers spectacular views from every room, including the Detroit River. With soaring 10-foot ceilings and gorgeous hardwood and marble flooring throughout, this residence is as elegant as it is spacious. The kitchen and prep areas are thoughtfully
Opportunity awaits you. This "White Box" penthouse can be yours; all you need to do is add your personal finishing touches. Discover modern luxury in this exquisite 3-bedroom, 3-bathroom penthouse located in the heart of Detroit. This unit boasts breathtaking skyline views from its expansive windows, allowing natural light to flood the open-concept living space. Retreat to the spacious primary
Welcome to Riverfront Towers a residential community featuring one and two bedroom apartments in Detroit, MI. Spacious layouts and amenities welcome you home, along with exceptional service and an ideal location within walking distance to shopping, dining and entertainment options. Every residence offers spectacular views of the Detroit River and the Windsor skyline. Riverfront's location is
Boutique Loft Living in the heart of the Entertainment District! Located next to the Fox Theater. The space features high gloss stained concrete flooring throughout, 8' entry doors, maple European style cabinets, stainless appliances and granite countertops in the kitchen, full tile bathrooms with floor-to-ceiling mirrors, rain shower heads with hand held spray, sleek modern design
Living in the epicenter of downtown, you'll be in the heart of the action. With convenient amenities, innovative offerings and steps away from everything Detroit has to offer, you can experience it all at Book Tower.Make yourself at home in one of Book Tower's beautiful studio, one- and two-bedroom apartments. Residents can privately enjoy The Study to work from home, the Fitness Center for
Interested in learning more about homes in this area?
Reach out to
Alexander Zachary,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
6,662
Median Age
39
Population Density
9 ppl/acre
Population under 18
10.5%
Below the national average
23.8%
Population over 65
15.6%
On par with the national average
19.1%
Finances
Median Household Income
$83,655
Above the national average
$71,702
Average Household Income
$100,821
Education and Workforce
High School Graduates
90.7%
College Graduates
52.5%
Above the national average
34.1%
Advanced Degrees
28.1%
Above the national average
13.3%
% Population in Labor Force
64.9%
Weather
Annual Precipitation
30''
Average Winter Low Temperature
20°F
Average Summer High Temperature
83°F
Annual Snowfall
38''
Area Factors
Very Bikeable
Bike Score®
73/ 100
Walker's Paradise
Walk Score®
99/ 100
Excellent Transit
Transit Score®
86/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
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.
