Mount Elliott St / E Palmer St median real estate price is $37,893, which is less expensive than 98.0% of Michigan neighborhoods and 99.3% of all U.S. neighborhoods.
The average rental price in Mount Elliott St / E Palmer St is currently $585, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 75.4% of Michigan neighborhoods.
Mount Elliott St / E Palmer St is a suburban neighborhood (based on population density) located in Detroit, Michigan.
Mount Elliott St / E Palmer St real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Mount Elliott St / E Palmer St neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in Mount Elliott St / E Palmer St. The current real estate vacancy rate here is 48.4%. This is higher than the rate of vacancies in 98.5% 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.