Real Estate Prices and Overview
E 8 Mile Rd / Regent Dr median real estate prices are $55,888, which is less expensive than 90.4% of Michigan neighborhoods
and 96.1% of all U.S. neighborhoods.
Average rental prices in E 8 Mile Rd / Regent Dr are currently
$845, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 72.8%
of the neighborhoods in Michigan.
E 8 Mile Rd / Regent Dr is an urban neighborhood (based on population
density) located in Detroit, Michigan.
E 8 Mile Rd / Regent Dr real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and townhomes.
Most of the residential real estate is owner occupied. Many of
the residences in the E 8 Mile Rd / Regent Dr neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
E 8 Mile Rd / Regent Dr has a 16.8% vacancy rate, which is
well above average compared to other U.S. neighborhoods (higher than
78.5% of American neighborhoods). This could either
signal that there is weak demand for real estate in the neighborhood,
or that much of the housing stock is seasonally occupied,
which can occur in some markets dominated by colleges or vacation homes.
Either way, if you live here year round, you will find many of the homes
or apartments are empty for all or a portion of the year.
Notable & Unique Neighborhood Characteristics
Many things matter about a neighborhood, but the first thing most people notice
is the way a neighborhood looks and its particular character. For example, one
might notice whether the buildings all date from a certain time period or whether
shop signs are in multiple languages. This particular neighborhood in Detroit,
the E 8 Mile Rd / Regent Dr neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: Diversity
Did you know that the E 8 Mile Rd / Regent Dr neighborhood has more
British ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 1.3% of
this neighborhood's residents have British ancestry.
Notable & Unique: Real Estate
In addition, most neighborhoods have a mixture of ages of homes in them, from new to old, but this neighborhood stands out due to its concentration of residential real estate built in one time frame: from 1940 through 1969, generally considered older, well-established homes. This was a busy time in America for home construction. After the end of World War II, as GIs came home, bought newly built homes on the edges of cities with the help of the GI Bill, and began their families. This housing era generally coincides with the 'Baby Boom' generation (1945 - 1964), and many baby boomers grew up in homes built in this era. But what is so interesting about the E 8 Mile Rd / Regent Dr neighborhood, is that an incredible 87.5% of the homes here were built in this era. So when you walk its streets or drive through, this neighborhood has a look and feel that harkens to that era in American life, a very important slice of Americana.
Furthermore, this E 8 Mile Rd / Regent Dr neighborhood has earned the amazing distinction of having one of the highest rates of detached, single-family homes of any neighborhood in the U.S. With 97.3% of the residential real estate here made up of free-standing single-family homes, there is a greater proportion of single-family homes here than in 96.0% of all neighborhoods in America.
The Neighbors: Income
How wealthy a neighborhood is, from very wealthy, to middle income, to low
income is very formative with regard to the personality and character of a
neighborhood. Equally important is the rate of people, particularly children,
who live below the federal poverty line. In some wealthy gated communities,
the areas immediately surrounding can have high rates of childhood poverty,
which indicates other social issues. NeighborhoodScout's analysis reveals
both aspects of income and poverty for this neighborhood.
The neighbors in the E 8 Mile Rd / Regent Dr neighborhood in Detroit are lower-middle income, making it a below average income neighborhood.
NeighborhoodScout's research shows that this neighborhood has an income lower
than 63.1% of U.S. neighborhoods.
With 26.9% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 69.4%
of U.S. neighborhoods.
The Neighbors: Occupations
The old saying "you are what you eat" is true. But it is also true that you
are what you do for a living. The types of occupations your neighbors have
shape their character, and together as a group, their collective occupations
shape the culture of a place.
In the E 8 Mile Rd / Regent Dr neighborhood, 28.6%
of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is
sales and service jobs, from major sales accounts, to working in fast food restaurants, with 25.8% of the residents employed.
Other residents here are employed in executive, management, and professional occupations
(24.1%), and 21.5% in clerical, assistant, and tech support occupations.
The Neighbors: Ethnicity / Ancestry
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves,
Los Angeles' Persian neighborhoods. Each has its own culture derived primarily
from the ancestries and culture of the residents who call these neighborhoods
home. Likewise, each neighborhood in America has its own culture – some more
unique than others – based on lifestyle, occupations, the types of households
– and importantly – on the ethnicities and ancestries of the people who live
in the neighborhood. Understanding where people came from, who their grandparents
or great-grandparents were, can help you understand how a neighborhood is today.
In the E 8 Mile Rd / Regent Dr neighborhood in Detroit, MI, residents
most commonly identify their ethnicity or ancestry as German
(2.2%). There are also a number of people of British ancestry (1.3%) , and residents who report Irish roots (1.2%) .
The Neighbors: Languages
The most common language spoken in the E 8 Mile Rd / Regent Dr
neighborhood is English, spoken by 99.8% of households.
Getting to Work
How you get to work – car, bus, train or other means – and how much of your
day it takes to do so is a large quality of life and financial issue. Especially
with gasoline prices rising and expected to continue doing so, the length and
means of one's commute can be a financial burden. Some neighborhoods are physically
located so that many residents have to drive in their own car, others are set
up so many walk to work, or can take a train, bus, or bike.
The greatest number of commuters in E 8 Mile Rd / Regent Dr neighborhood spend
between 15 and 30 minutes commuting one-way to work (38.6% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (91.1%) drive alone in a private automobile to get to work.
In addition, quite a number also ride the bus to get to work (5.3%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.