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Detroit Michigan Real Estate By Jennifer Hershey

Detroit Michigan Real Estate

Detroit, Michigan, is located in Oakland County, of , and of , . Detroit has a population of 951,270.

Detroit Homes

Detroit properties pool is 336,428 residential properties including Detroit new homes. Median age of real estate in Detroit is 1948. Average Household size is 3.45 people. 3% are one bedroom homes, 24% are 2 bedroom homes, 53% are 3 bedroom homes, 15% are 4 bedroom homes, and 4% are 5+ bedroom homes.

Detroit Mortgage Statistics

Detroit mortgages vs. USA median statistics

Homes Detroit USA
Homes With No Mortgage 37%
30%
Homes With Mortgage 63%
70%
First Mortgage Only 50%
54%
First & Second Mortgage or HELOC 13%
16%

Detroit Area Real Estate Tax

Detroit Real estate Tax: Median Real Estate Taxes (2000) were $863 comparing to 1999 Median Family income $ 33,853. Compare to USA median yearly Real Estate Tax $1,300 and USA median Family Income $42,000 (1999).

Detroit School District: Children make up 31.1% of Detroit population. Detroit has 295,709 under 18 years old residents, or 0.93 kids per one worker, or 0.88 kids per one household.

Detroit Real Estate & Detroit Homeownership

There are 100928.4 or 30% one person households, 84107 or 25% two person households, and 57192.76 or 17% three person households in Detroit, Michigan. Median residents age is 30.9, Senior citizens (65+) make up 99,056 or 10.4%% of Detroit population.

There are 319,449 workers (over 16 years of age) in Detroit. Of these, 85.66% drive to work. Approximately 8.65% of workers in Detroit take public transportation. An estimated 2.81% walk to work.

Median Detroit homeowner's housing expences are 17.7%

Crime in Detroit (2003), crimes per 10,000 residents per year

Type of Crime Detroit USA, 2003
Violent Crimes
196.83
47.5
Robberies
61.15
14.2
Aggravated Assaults
123.28
29.5
Property Crimes
681.29
358.8
Burglaries
148.22
74.0
Larceny-Thefts
266.52
241.5
Motor Vehicle Thefts
266.55
43.3

Invest in Detroit Properties

When making a decision about buying real estate in Detroit Michigan area, you should consider following statistical data:

Category Detroit USA
Near Medium City
-
Near Large City
-
Detroit Zip Codes
48201, 48202, 48203, 48204, 48205, 48206, 48207, 48208, 48209, 48210, 48211, 48212, 48213, 48214, 48215, 48216, 48217, 48218, 48219, 48220, 48221, 48223, 48224, 48225, 48226, 48227, 48228, 48229, 48230, 48233, 48234, 48235, 48236, 48237, 48238, 48239, 48240, 48242, 48243
-
Detroit Area Codes
248
-
White population
12.26%
75.1%
African-American population
81.55%
12.3%
Asian
0.97%
3.6%
American Indian & Alaskan
0.33%
0.9%
Hispanic (of any race)
4.96%
12.5%
Median Family Income (1999)
$ 33,853%
$42,000
Population Below Poverty Level
25.56%
12.4%

Detroit Michigan Real Estate page will be updated soon. Bookmark this page and come back later to review:

Detroit Real Estate For Sale

Detroit Rental Real Estate

Detroit Real Estate Agency

Detroit Real Estate Investors

 




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