Grand River Ave / 16th St median real estate price is $64,343, which is less expensive than 88.9% of Michigan neighborhoods and 96.0% of all U.S. neighborhoods.
The average rental price in Grand River Ave / 16th St is currently $717, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 87.4% of Michigan neighborhoods.
Grand River Ave / 16th St is a suburban neighborhood (based on population density) located in Detroit, Michigan.
Grand River Ave / 16th St real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Grand River Ave / 16th St neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in Grand River Ave / 16th St. The current real estate vacancy rate here is 22.1%. This is higher than the rate of vacancies in 88.1% 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.