14 Jun 2019

Mark Zawaideh

THE STREET SMART GUIDE TO DETROIT NEIGHBORHOODS PART 2

This Detroit-area neighborhood guide provides valuable information and insight to help you understand more about Detroit metro neighborhoods. Learn about other communities in the first part of this two-part series.

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Northville

This smaller city in the suburbs of Detroit is located in both Wayne and Oakland counties.

  • Population: 5,988 people.
  • Real Estate Data: Median home value is $356,705. There are 64% of single-family homes in this city.
  • Demographics: Almost 30% of the population is between the ages of 35 and 54, making it a good area for families.
  • Education: 63.3 % of residents are college graduates, while 97.9% are high school graduates.
  • Median Household Income: $99,052
  • Job Sector: The top tier of the workforce is divided up in manufacturing (20.3%), professional services (14%), and healthcare (13.4%).

 

Novi

This medium-sized city is the 27th largest community in Michigan and is located approximately 25 miles northeast of the heart of Ann Arbor.

  • Population: 59,715 people.
  • Real Estate Data: Median home value is $395,039. Sixty-five percent of the residents in Novi are homeowners.
  • Education: 58.3% of the residents are college graduates. The national average is 33.4%.
  • Median Household Income: $86,193.
  • Crime Stats: The crime index in Novi is 61 (100 is the safest), which means this city is very family safe.

 

Royal Oak

This Oakland County suburb of Detroit is rated A+ by Niche.com making it a highly desirable place to live.

  • Population: 59,112 people.
  • Real Estate Data: Median home value is $191,700. About 66% of residents own their own home.
  • Education: 54.4% of the residents have a college degree.
  • Median Household Income: $74,140
  • Schools: All the schools are rated A or A+ by Niche.com.

 

Shelby Township

  • Population: 4,924 people.
  • Real Estate Data: Median home value is $159,389.
  • Education: 22.1% of the residents are college graduates.
  • Median Household Income: $51,325.
  • Job Sector: Almost a quarter of the population is in the manufacturing business.

 

St. Clair Shores

  • Population: There are 59,635 residents in St. Clair Shores and almost half of them are between the ages of 35 and 64.
  • Real Estate Data: Median home value is $143,989. Most people in the city (81.3%) own their home.
  • Education: 24.4% of the residents are college graduates.
  • Median Household Income: $54,590. The poverty level is 9.1%.
  • Job Sector: Manufacturing and healthcare make up just about 34% of the workforce.

 

Troy

  • Population: 83,813 people.
  • Real Estate Data: Median home value is $331,385. Most people (71.5%) own their homes in Troy.
  • Education: 58% of residents are college graduates.
  • Median Household Income: $88,954
  • Job Sector: Manufacturing accounts for 20.3% of the workforce in Troy.

 

Washington Township

This small township is located in Macomb County and is a suburb of Detroit.

  • Population: 26,919 people.
  • Real Estate Data: Median home value is $260,600 and a full 82% of residents are homeowners
  • Education: 15% of residents have a Master’s degree or higher and 20% have a Bachelor’s degree.
  • Median Household Income: $87,264
  • Jobs: The unemployment rate is only 2.6%.

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Waterford

  • Population: 73,201 people.
  • Real Estate Data: Median home value is $154,625. The total home appreciation is 125.88%.
  • Education: 26.7% of the residents are college graduates.
  • Median Household Income: $58,531
  • Job Sector: The tops three employers are manufacturing (15.9%), healthcare (13.2%), and retail (12.6%).

 

West Bloomfield

  • Population: 65,777 people.
  • Real Estate Data: Median home value is $367,165. Most people are homeowners (81.8%).
  • Education: Most residents (94.4 %) are high school graduates.
  • Median Household Income: $96,274
  • Job Sector: Most people work in healthcare (18.2%) and manufacturing (13.7 %) industries.

 

White Lake

  • Population: 31,099 people.
  • Real Estate Data: Median home value is $125,012, and house appreciation rates are at 97.29%.
  • Education: 92.8% of residents are high school graduates.
  • Median Household Income is at $75,176, which is above the United States median income of $55,322.
  • Job Sector: Manufacturing, healthcare, and retail account for 42% of the workforce.

 

We hope you find this information about our local neighborhoods useful! The Mark Z Home Selling Team is here to help you buy or sell your Detroit metro property. Contact us to see how we can help today.

 

Topics: Buyer Tips & Mortgage News