Paul St / Ternes St median real estate price is $104,684, which is more expensive than 35.0% of the neighborhoods in Michigan and 20.0% of the neighborhoods in the U.S.
The average rental price in Paul St / Ternes St is currently $1,045, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 69.0% of the neighborhoods in Michigan.
Paul St / Ternes St is a densely urban neighborhood (based on population density) located in Dearborn, Michigan.
Paul St / Ternes St real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two 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 Paul St / Ternes St 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 Paul St / Ternes St. The current real estate vacancy rate here is 18.9%. This is higher than the rate of vacancies in 83.3% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. 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.