E 8 Mile Rd / Regent Dr median real estate price is $58,971, which is less expensive than 90.1% of Michigan neighborhoods and 95.6% of all U.S. neighborhoods.
The average rental price in E 8 Mile Rd / Regent Dr is currently $839, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 66.6% 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.