Real Estate Prices and Overview
8 Mile Rd / Farmington Rd median real estate prices are $276,740, which is more expensive than 95.5% of the neighborhoods
in Michigan and 75.2% of the
neighborhoods in the U.S.
Average rental prices in 8 Mile Rd / Farmington Rd are currently
$978, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 82.1%
of the neighborhoods in Michigan.
8 Mile Rd / Farmington Rd is a suburban neighborhood (based on population
density) located in Livonia, Michigan.
8 Mile Rd / Farmington Rd real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes/high-rise apartments.
Most of the residential real estate is owner occupied. Many of
the residences in the 8 Mile Rd / Farmington Rd neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
Real estate vacancies in 8 Mile Rd / Farmington Rd are 4.9%,
which is lower than one will find in 77.0% of American
neighborhoods. Demand for real estate in 8 Mile Rd / Farmington Rd
is above average for the U.S., and may signal some demand for either
price increases or new construction of residential product for this neighborhood.
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: Diversity
Did you know that the 8 Mile Rd / Farmington Rd neighborhood has more
Polish and Lebanese ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 17.9% of
this neighborhood's residents have Polish ancestry and 1.8% have Lebanese ancestry.
8 Mile Rd / Farmington Rd is also pretty special linguistically. Significantly, 1.8% of its residents five years old and above primarily
speak Italian at home. While this may seem like a small percentage, it is higher
than 96.8% of the neighborhoods in America.
Notable & Unique: Modes of Transportation
Our research reveals that 93.9% of commuters who live in the
8 Mile Rd / Farmington Rd neighborhood get to work each day by driving
alone in their automobiles, which is a higher proportion than
96.5% of U.S. neighborhoods.
Notable & Unique: People
A majority of the adults in the 8 Mile Rd / Farmington Rd neighborhood
are wealthy and educated executives. They own stately
homes that tend to maintain high real estate appreciation rates. Their
upper-level careers keep them busy, but allow them to live comfortably.
If you're an executive and want to keep similar company, consider settling
in this neighborhood, rated as an executive lifestyle
"best choice" neighborhood for Michigan by NeighborhoodScout's analysis,
which rated it as better for executive lifestyles than 96.2%
of the neighborhoods in Michigan.
In addition to being an excellent choice for highly educated executives, this
neighborhood is also a very good choice for urban sophisticates and families with school-aged children.
Notable & Unique: Real Estate
In addition, most neighborhoods are composed of a mixture of ages of homes, but the 8 Mile Rd / Farmington Rd stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 86.7% of the residential real estate here was built in this one time period.
The Neighbors: Income
There are two complimentary measures for understanding the income of a
neighborhood's residents: the average and the extremes. While a neighborhood
may be relatively wealthy overall, it is equally important to understand
the rate of people - particularly children - who are living at or below the
federal poverty line, which is extremely low income. Some neighborhoods with
a lower average income may actually have a lower childhood poverty rate than
another with a higher average income, and this helps us understand the
conditions and character of a neighborhood.
The neighbors in the 8 Mile Rd / Farmington Rd neighborhood in Livonia are wealthy, making it among the 15% highest income neighborhoods in America.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 92.0% of the neighborhoods in America.
In addition, 2.8% of the children seventeen and under
living in this neighborhood are living below the federal poverty line, which
is a lower rate of childhood poverty than is found in 82.5%
of America's neighborhoods.
The Neighbors: Occupations
What we choose to do for a living reflects who we are. Each neighborhood has
a different mix of occupations represented, and together these tell you about
the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the 8 Mile Rd / Farmington Rd neighborhood, 55.8%
of the working population is employed in executive, management, and professional 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 21.5% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(14.7%), and 8.0% in manufacturing and laborer 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 8 Mile Rd / Farmington Rd neighborhood in Livonia, MI, residents
most commonly identify their ethnicity or ancestry as Polish
(17.9%). There are also a number of people of Irish ancestry (10.8%) , and residents who report German roots (10.0%) , and some of the residents are also of English ancestry (9.0%) , along with some Italian ancestry residents (7.3%), among others.
The Neighbors: Languages
The most common language spoken in the 8 Mile Rd / Farmington Rd
neighborhood is English, spoken by 87.5% of households. Some people also speak Spanish (3.2%).
Getting to Work
Even if your neighborhood is walkable, you may still have to drive to your
place of work. Some neighborhoods are located where many can get to work in
just a few minutes, while others are located such that most residents have a
long and arduous commute.
The greatest number of commuters in 8 Mile Rd / Farmington Rd neighborhood spend
between 15 and 30 minutes commuting one-way to work (33.5% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (93.9%) 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 (5.6%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.