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Real Estate Prices & Overview

W 8 Mile Rd / Greenview Rd median real estate price is $256,396, which is more expensive than 54.5% of the neighborhoods in Michigan and 34.0% of the neighborhoods in the U.S.

The average rental price in W 8 Mile Rd / Greenview Rd is currently $1,789, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 71.6% of the neighborhoods in Michigan.

W 8 Mile Rd / Greenview Rd is a suburban neighborhood (based on population density) located in Southfield, Michigan.

W 8 Mile Rd / Greenview 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 W 8 Mile Rd / Greenview Rd neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

In W 8 Mile Rd / Greenview Rd, the current vacancy rate is 2.9%, which is a lower rate of vacancies than 80.6% of all neighborhoods in the U.S. This means that the housing supply in W 8 Mile Rd / Greenview Rd is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Southfield, the W 8 Mile Rd / Greenview Rd neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Divorcees may find friendship and understanding in this neighborhood, as 20.4% of its residents are divorced. NeighborhoodScout's exclusive analysis found that this divorce rate is higher than in 96.1% of the neighborhoods in America.

Diversity

Did you know that the W 8 Mile Rd / Greenview Rd neighborhood has more Jamaican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 27.3% of this neighborhood's residents have Jamaican ancestry.

The Neighbors

There are two complementary 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 W 8 Mile Rd / Greenview Rd neighborhood in Southfield are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 43.6% of the neighborhoods in America. In addition, 2.3% 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 73.9% of America's neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the W 8 Mile Rd / Greenview Rd neighborhood, 39.9% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 22.7% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (22.0%), and 15.3% in manufacturing and laborer occupations.

Languages

The most common language spoken in the W 8 Mile Rd / Greenview Rd neighborhood is English, spoken by 98.9% of households.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the W 8 Mile Rd / Greenview Rd neighborhood in Southfield, MI, residents most commonly identify their ethnicity or ancestry as Jamaican (27.3%). There are also a number of people of English ancestry (4.0%), and residents who report French roots (3.3%), and some of the residents are also of Norwegian ancestry (2.0%), along with some German ancestry residents (1.5%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in W 8 Mile Rd / Greenview Rd neighborhood spend between 15 and 30 minutes commuting one-way to work (56.4% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (77.4%) 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 (6.9%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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