Detroit Real Estate For Sale In MI

Detroit served as the capital of Michigan from 1805 to 1847, and during the late part of the nineteenth century, it grew into a powerhouse of industry and shipping. Gilded Age mansions popped up all over the downtown area, and the arrival of influential and affluent magnates resulted in thriving automobile industry. Unfortunately, high unemployment in the 70s due to shifts in Detroit’s biggest manufacturing companies led to a decline.

In the past few decades, there has been a concerted effort to turn around the city’s fortune. Once-beautiful landmark symbols that had been allowed to deteriorate were provided with the care and resources required for renovation and restoration. Some had written off Detroit as a story of a failing city, but it’s clear that another chapter is in the works: that of Detroit as a city of renaissance and regrowth. The time is ripe to invest in some of Detroit’s highly affordable real estate in anticipation of the years to come when Detroit is recognized once again as one of America’s most important major cities.

If it takes a village to raise a child, families searching for the best Detroit real estate should look no further than Sherwood Forest. A close-knit, multi-generational community with less crime than much of the rest of Detroit, Sherwood Forest is known for its welcoming attitude and the neighbors who go out of their way to take care of one another. The houses available in this area are beautiful, most of them dating back to the 1920s and 30s, and the neighborhood is an official Detroit Historic District. Even still, these masterpieces of gorgeous architecture won’t break the bank; Detroit real estate in this area sells at a median price in the mid-$300k range.

Corktown is the oldest surviving neighborhood in Detroit’s history. It is currently enjoying a period of revitalization, and its historic beauty serves as a backdrop for a growing community of style and innovation as it becomes a hotspot for young professionals. It has blossomed as a center of nightlife with a growing number of bars, clubs, coffee shops, and restaurants. Corktown real estate is a little pricier than other areas in Detroit, with a median listing price in the mid-$500k range.

Home to some of the most beautiful real estate in Detroit due to its history as an upscale residential area, Brush Park is currently experiencing a revival that has made it a haven for those in the 55 and older set. The Victorian mansions that once caused locals to call the area Little Paris are undergoing restorations that will reveal their former glory, and within the neighborhood, community investments are ensuring the neighborhood will remain a safe and beloved home for years to come. Real estate in Brush Park is listed at a median in the $500k range.

Public schools in Detroit are mainly under the jurisdiction of Detroit Public Schools. The district has struggled for decades, but changes to the Board of Education and laws around financial contributions have helped raise the bar for many of the schools in the area. There is also a robust charter school system.

Many of Detroit’s public schools for younger children serve students in preschool through eighth grade. This is true for Bates Academy, one of the highest-rated schools in the city, based on criteria including standardized test performance, teacher quality, student satisfaction, and other factors. Davison Elementary Middle School and Foreign Language Immersion and Cultural Studies are two other schools that serve such a large range of ages. For schools that serve just preschool through fifth grade, many families prefer either Chrysler Elementary School or Charles Wright Academy of Arts and Science.

Detroit real estate has access to a highly selective magnet school serving over a thousand students who must complete 200 community service hours in order to graduate. The highest-performing school in Detroit, based on criteria including test performance, graduation rate, college and career readiness, and teacher quality, is Renaissance High School.

Cass Technical High School (known as Cass Tech) is located in Midtown Detroit. It, too, is a magnet school designed to provide experience for high school students in vocations including technology and manufacturing. Its sports teams compete on a high level and have won several Division I state championships in football. (Fun fact: John DeLorean, who developed several iconic vehicles throughout his lifetime and whose sports car was featured in Back to the Future, attended Cass Tech!)

Lovers of history will certainly get their fix in Detroit. From the Motown Museum with its Hitsville, U.S.A. sign hanging above the door, to the Gilded Age mansions all throughout the many historic districts, to the Ford Piquette Avenue Plant where Detroit made itself a name in the automobile industry, history is written into the fabric of the city.

There are 34 zip codes in Detroit. Among the most popular and beloved are:

Detroit is located along the Detroit River in Wayne County.

Schools in Detroit begin in early September and end in late June. 

The Detroit real estate market is booming with higher than ever demand. Regardless, real estate in Detroit is more inexpensive than in much of America. The median selling price is below $100k. There is also a strong renters’ market, and rent for a 3-bedroom home in Detroit is at a median of $1150. 

The largest airport near Detroit is Detroit Metropolitan Wayne County Airport (DTW). It provides international and commercial services for most of Michigan and is a major hub for both Delta Air Lines and Spirit Airlines.