Real Estate Prices and Overview
Mount Elliott St / E Palmer St median real estate prices are $34,800, which is less expensive than 98.1% of Michigan neighborhoods
and 99.4% of all U.S. neighborhoods.
Average rental prices in Mount Elliott St / E Palmer St are currently
$811, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 69.3%
of the neighborhoods in Michigan.
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.
Notable & Unique Neighborhood Characteristics
The way a neighborhood looks and feels when you walk or drive around it, from
its setting, its buildings, and its flavor, can make all the difference. This
neighborhood has some really cool things about the way it looks and feels as
revealed by NeighborhoodScout's exclusive research. This might include anything
from the housing stock to the types of households living here to how people
Notable & Unique: Occupations
From major sales accounts to fast-food workers, sales and service employees
are often the backbone of the local economy. In the Mount Elliott St / E Palmer St
neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis
identifies this neighborhood as having a higher percentage of sales and
service workers than 99.3% of all American neighborhoods.
Notable & Unique: Diversity
Significantly, 1.1% of its residents five years old and above primarily
speak Japanese at home. While this may seem like a small percentage, it is higher
than 96.4% of the neighborhoods in America.
Notable & Unique: Real Estate
In addition, despite all of the residential real estate here in the Mount Elliott St / E Palmer St neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 48.4%, which is higher than 98.5% of all U.S. neighborhoods.
Furthermore, if you love row houses and attached homes, you will probably really like the Mount Elliott St / E Palmer St neighborhood. The ambiance, the charm, of row houses is something special. And in shear abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 28.7% of the residential real estate here is classified as row houses and attached homes.
Also of note, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 67.7% of the residential real estate in the Mount Elliott St / E Palmer St neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 97.2% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
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 Mount Elliott St / E Palmer St neighborhood in Detroit are low income, making it among the lowest income neighborhoods in America.
NeighborhoodScout's research shows that this neighborhood has an income lower
than 92.7% of U.S. neighborhoods.
With 55.9% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 93.7%
of U.S. neighborhoods.
The Neighbors: Occupations
A neighborhood is far different if it is dominated by enlisted military personnel
rather than people who earn their living by farming. It is also different if
most of the neighbors are clerical support or managers. What is wonderful is
the shear diversity of neighborhoods, allowing you to find the type that fits
your lifestyle and aspirations.
In the Mount Elliott St / E Palmer St neighborhood, 53.2%
of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is
manufacturing and laborer occupations, with 20.9% of the residents employed.
Other residents here are employed in executive, management, and professional occupations
(13.5%), and 9.8% in clerical, assistant, and tech support occupations.
The Neighbors: Ethnicity / Ancestry
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities
and ancestries have different cultural traditions, and as a result, neighborhoods
with concentrations of residents of one or another ethnicities or ancestries
will express those cultures. It is what makes the North End in Boston so fun
to visit for the Italian restaurants, bakeries, culture, and charm, and similarly,
why people enjoy visiting Chinatown in San Francisco.
In the Mount Elliott St / E Palmer St neighborhood in Detroit, MI, residents
most commonly identify their ethnicity or ancestry as Polish
(2.9%). There are also a number of people of Mexican ancestry (1.7%) .
The Neighbors: Languages
The most common language spoken in the Mount Elliott St / E Palmer St
neighborhood is English, spoken by 98.3% 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 Mount Elliott St / E Palmer St neighborhood spend
between 15 and 30 minutes commuting one-way to work (30.4% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (77.5%) drive alone in a private automobile to get to work.
In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (9.3%) and 8.3% of residents also ride the bus for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.