Gratiot Ave / Rosemary median real estate price is $48,459, which is less expensive than 94.3% of Michigan neighborhoods and 97.9% of all U.S. neighborhoods.
The average rental price in Gratiot Ave / Rosemary is currently $741, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 43.8% of Michigan neighborhoods.
Gratiot Ave / Rosemary is an urban neighborhood (based on population density) located in Detroit, Michigan.
Gratiot Ave / Rosemary 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 occupied by a mixture of owners and renters. Many of the residences in the Gratiot Ave / Rosemary neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
Vacant apartments or homes are a major fact of life in Gratiot Ave / Rosemary. The current real estate vacancy rate here is 32.8%. This is higher than the rate of vacancies in 95.4% of all U.S. neighborhoods. This can sometimes be the case in neighborhoods dominated by seasonal homes (such as vacation areas), and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.