W 7 Mile Rd / Steel St median real estate price is $76,216, which is less expensive than 82.4% of Michigan neighborhoods and 92.2% of all U.S. neighborhoods.
The average rental price in W 7 Mile Rd / Steel St is currently $1,000, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 62.7% of the neighborhoods in Michigan.
W 7 Mile Rd / Steel St is an urban neighborhood (based on population density) located in Detroit, Michigan.
W 7 Mile Rd / Steel St 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 owner occupied. Many of the residences in the W 7 Mile Rd / Steel St neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
W 7 Mile Rd / Steel St has a 16.9% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 79.2% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.