9 Richest Neighborhoods in Detroit

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Are you looking to find the richest neighborhoods in Detroit, Michigan? Let us walk you through it!

Detroit is located in the Great Lakes region, which offers access to outdoor recreational activities such as fishing, boating, and camping. It is also the largest city in the U.S. state of Michigan, with a rich history and a diverse population.

The city of Detroit also has a rich history and culture. It offers museums, art galleries, and music venues showcasing the city’s art contributions. Detroit is within driving distance of other major cities, including Toronto, Cleveland, and Chicago.

The neighborhoods in Detroit would range from thriving commercial centers to struggling communities. While the city has faced its share of economic challenges over the years, several neighborhoods still boast impressive wealth and affluence.

Check out below some of the richest neighborhoods in Detroit:

9. Grandmont

Median home value: $149,900 (March 2023)
Year developed: 1923
Population: 2,866
Land area: 0.331 sq miles (0.53 sq km)

GrandmontImage source: Grandmont Community Association

Grandmont is a neighborhood in Detroit, Michigan, in the northwest, with Joy Road to the south, West McNichols Road to the north, Southfield Freeway to the west, and Evergreen Road to the east. The area is well-known for its distinctive brick homes, tree-lined lanes, and an active neighborhood association.

Grandmont was built in the 1920s as a suburban-style community with sizable houses and open spaces. With a mix of older residents and recent arrivals, it has become a diverse town with various housing options, from historic mansions to more affordable single-family houses.

Did you know?

The neighborhood has several community organizations, including the Grandmont Community Association, which promotes neighborhood events and activities and addresses issues related to safety, beautification, and development. The Grandmont Rosedale Development Corporation is also active in the area, working to improve the local economy and attract new businesses to the community.


8. North Rosedale Park

Median home value: $199,500 (March 2023)
Year developed: 1924
Population: 4,996
Land area: 0.74 sq miles (1.93 sq km)

North Rosedale ParkImage source: North Rosedale Park Civic Association

Among the many historic neighborhoods that you can find in Detroit, Michigan, is one located in the northwest section called North Rosedale Park. The neighborhood was established in 1924 as a planned residential community, with homes designed by renowned architects such as Albert Kahn and Robert O. Derrick.

North Rosedale Park is located near several major highways, making it easily accessible from other parts of the city. It is also close to several shopping and dining options, as well as several schools and parks.

Did you know?

North Rosedale Park is known for its beautiful brick homes, tree-lined streets, and well-maintained parks. It is also home to the North Rosedale Park Civic Association, which hosts various community events and activities annually.


7. Green Acres

Median home value: $225,000 (March 2023)
Year developed: 1936
Population: 1,997
Land area: 0.22 sq miles (0.36 sq km)

Green AcresImage source: The Neighborhoods

Detroit, Michigan’s Green Acres neighborhood is located on the city’s east side and is bordered to the north by I-94, the south by Mack Avenue, the east by Alter Road, and the west by the Grosse Pointe Park municipal borders.

Tudor Revival, Colonial Revival, and Mediterranean Revival are just a few architectural types in the area. Large homes with extensive landscaping are common in the neighborhood.

Did you know?

The neighborhood organization in Green Acres, which strives to protect the area’s historic heritage and encourage growth, is renowned for its profound sense of community. It also has several parks, notably Balduck Park, which has a playground and sports facilities. Families and young professionals frequently choose it as one of Detroit’s most desirable neighborhoods.


6. University District

Median home value: $325,000 (March 2023)
Year developed: mid 1920s
Population: 3,646
Land area: 0.47 sq miles (0.75 sq km)

University DistrictImage source: University District Community Association

Just a few miles from the city’s center is the historic residential district, The University District, in northwest Detroit, Michigan. It is a popular place for students and professors to live because it is close to the campuses of Marygrove College and the University of Detroit Mercy.

The area is close to numerous important highways, notably the Lodge Freeway (M-10) and Woodward Avenue, making accessing other parts of Detroit simple. This is in addition to its accessibility to nearby universities.

Did you know?

Many of the homes in the University District are lovely examples of Tudor Revival, Colonial Revival, and Mediterranean Revival architecture. The region was first constructed in the 1920s and 1930s. The area is renowned for its wide, well-kept lawns and streets lined with trees. The University District Community Association manages the University District.


5. Rivertown

Median home value: $339,900 (March 2023)
Year developed: late 1880s
Population: 4,055
Land area: 0.15 sq miles (0.25 sq km)

RivertownImage source: Mapcarta

The Detroit, Michigan neighborhood of “Rivertown” is alongside the Detroit River. Because there used to be so many warehouses, the region is also known as the Warehouse District.

Rivertown offers numerous eateries, cafes, and pubs in the area that serve a range of cuisines. The magnificent Detroit Riverwalk, a mile-long pedestrian route along the riverside, also traverses Rivertown.

Did you know?

The GM Renaissance Center, a complex of seven connected skyscrapers that houses the global headquarters of General Motors, is one of the attractions in Rivertown. Additionally, several parks in the region, including William G. Milliken State Park and Harbor, provide boating and fishing options.


4. Indian Village

Median home value: $449,500 (March 2023)
Year developed: 1894
Population: 1,630
Land area: 0.320 sq miles (0.51 sq km)

Indian VillageImage source: Wikimedia Commons

Indian Village is a historic district in Detroit, Michigan’s east side. The region was established in the early 20th century, and many of the grand homes there were created by well-known architects. The neighborhood’s name gives the native peoples who inhabited the area before European settlers arrived recognition.

Several early 20th-century homes in the area are noteworthy aesthetically. Many of the homes are well-maintained, while others have undergone significant restoration. West Village, which lies adjacent to Indian Village to the west, contains additional historic residences, townhouses, and apartments.

The Indian Village Association, Men’s Garden Club, and Women’s Garden Club are active neighborhood groups. On the first Saturday in June each year, the neighborhood holds a Home & Garden Tour. In September, it holds neighborhood yard sales.

In December, it holds a holiday home tour. The area has numerous historic residences, including the one owned by Henry Leland, the man behind Lincoln and Cadillac, who lived at 1052 Seminole Street.


3. Sherwood Forest

Median home value: $525,000 (March 2023)
Year developed: 1922
Population: 1,227
Land area: 0.23 sq miles (0.37 sq km)

Sherwood ForestImage source: Detroit Free Press

Seven Mile Road, Livernois, Pembroke, and Parkside define the boundaries of the Detroit, Michigan, neighborhood known as Sherwood Forest. Sherwood Forest and Sherwood Forest Manor are two subdivisions that comprise the community, with roughly 435 homes.

The Detroit Public Schools district includes Sherwood Forest. Locals are zoned to Palmer Park Preparatory Academy, formerly the Barbara Jordan School for primary and middle school. Mumford High School is designated for every resident. Palmer Park is run by educators rather than a principal or executive.

Did you know?

The Sherwood Forest in Nottinghamshire, England, the backdrop for the Robin Hood stories, inspired the area’s naming. It was platted in 1917 by Manly Daniel Davis, and the first house was built in 1922. Soon after, in 1929, the Sherwood Forest Association was established.


2. Corktown

Median home value: $549,900 (March 2023)
Year developed: 1849
Population: 1,139
Land area: 0.41 sq miles (0.66 sq km)

CorktownImage source: Wikimedia Commons

Just west of Downtown Detroit is the historic district of Corktown in Detroit, Michigan. Irish immigrants founded one of the city’s oldest neighborhoods in the middle of the 19th century. Corktown has recently undergone a major renovation and is now a thriving and diverse neighborhood.

The restaurants in Corktown, which vary from laid-back pubs to fancy restaurants, are also well-known. Slow’s Bar BQ, Mercury Burger Bar, and Ottava Via are some of the neighborhood’s well-liked restaurants. In addition, Corktown is the location of several boutique stores, art galleries, and other small businesses.

In Corktown, you will find the Michigan Central Station, a historic train station that has been vacant for many years but is currently renovating.

You can also check out the Gaelic League/Irish American Club of Detroit, which hosts cultural events and offers Irish language classes. If you like to drink and socialize, you can drop by the Corktown Tavern, a popular local bar in business since the 1930s.


1. Palmer Woods

Median home value: $665,000 (March 2023)
Year developed: 1915
Population: 1,122
Land area: 0.47 sq miles (0.76 sq km)

Palmer WoodsImage source: Wikimedia Commons

The historic district of Palmer Woods is one of the richest neighborhoods in Detroit, Michigan. The neighborhood is renowned for its expansive, opulent residences and roadway lined with trees. Many of the residences in the area were created by well-known architects of the time when the neighborhood was being established in the early 20th century.

Palmer Woods is situated on the city’s northwest edge and bordered to the north by Seven Mile Road, the east by Woodward Avenue, and the west by the Detroit Golf Club. The area is renowned for its vibrant neighborhood association and diversified community.

Did you know?

Famous people, including Berry Gordy, the creator of Motown Records, and Coleman Young, a former mayor of Detroit, resided in Palmer Woods. Various people now inhabit the neighborhood, which is still popular in Detroit.

 

rarest_alvin

Head of Content at Rarest.org

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