Central St / Mcgraw St median real estate price is $42,443, which is less expensive than 96.7% of Michigan neighborhoods and 99.4% of all U.S. neighborhoods.
The average rental price in Central St / Mcgraw St is currently $762, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 80.0% of Michigan neighborhoods.
Central St / Mcgraw St is a densely urban neighborhood (based on population density) located in Detroit, Michigan.
Central St / Mcgraw St real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more 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 Central St / Mcgraw 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 Central St / Mcgraw St. The current real estate vacancy rate here is 26.1%. This is higher than the rate of vacancies in 91.8% 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.