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Penrose

Neighborhood in Detroit, Michigan
Wayne County 48203

A Neighborhood Grade

8.6 Neighborhood Score

$83,519

Average Value

$54

Average Price per Sq Ft

Chaldean, Historical Living in Detroit’s 48203 ZIP Code

Penrose neighborhood is popular with families looking for affordable housing in the 48203 area, as well as investors, downsizers, and those interested in participating in District 2’s cultural revitalization efforts.
The neighborhood benefits greatly from local safety initiatives, with neighborhood watch programs and block clubs, as well as an active partnership with the Penrose police that allows residents to rest easy knowing they live in a low-crime area.
Like most of Detroit, Penrose has experienced its cycles of highs and lows, decline and revival, with ongoing efforts from community groups and the city supporting its endurance.
Community clean-ups and beautification strategies are also a common fixture of Penrose, most of which are thanks to the neighborhood’s collaboration with city-led revitalization proposals.
In short, Penrose offers a peaceful, stress-free working-class atmosphere with prime access to Detroit-area cultural hotspots like Highland Park, 8 Mile, and Hamtramck.

Agents Specializing in this Area

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Schools

  • Greenfield Union Elementary-Middle School

    Elementary • Public

    C-

    7

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Transit

Airport

Windsor International

Bus

John R & 7 Mile

Bus

7 Mile & Bauman

Bus

Woodward & 7 Mile Rd

Bus

7 Mile & Havana

Bus

7 Mile & Charleston

Bus

Woodward & Bryson

Bus

Woodward & Strathcona

Crime and Safety

1 – Low Crime, 10 – High CrimePenroseUS
Homicide104
Sexual Assault94
Assault with Weapon94
Robbery94
Burglary54
Motor Vehicle Theft54
Larceny44
Crime Score74

Source: WhatIsMyCrimeRisk.com

Penrose Demographics and Home Trends

On average, homes in Penrose, Detroit sell after 21 days on the market compared to the national average of 47 days. The average sale price for homes in Penrose, Detroit over the last 12 months is $22,500, up 25% from the average home sale price over the previous 12 months.

Home Trends

Median Price (12 Mo)Median Single Family PriceAverage Price Per Sq Ft
Number of Homes for Sale
$22,500$59,000$542
Last 12 months Home SalesMonths of SupplyMedian List PriceMedian Discount From 1st List Price
124.00$59,00010%
Median Home Sale Price YoY Change
25%

Home Facts

Number of Homes in NeighborhoodMedian Year Built
4461923

Distribution of Home Values

Homes for Sale

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Average Home Value

Property Mix – Square Feet

This Neighborhood Has More Renters

Demographics

Total Population

Median Age

Population under 18
On par with the national average
Population over 65
On par with the national average
9913825.5%
23.8%
12.1%
19.1%

Finances

Median Household Income
Significantly below the national average
Average Household Income
$14,103
$71,702
$21,267

Education and Workforce

High School Graduates


College Graduates
Below the national average
Advanced Degrees% Population in Labor Force
Below the national average
81.6%2.8%
34.1%
1.8%49.3%
65.1%

Weather

Annual Precipitation
Average Winter Low TemperatureAverage Summer High TemperatureAnnual Snowfall
30”20°F83°F38”

Area Factors

Somewhat Bikeable

Bike Score

58

/ 100

GoodTransit

Transit Score

56

/ 100

Car-Dependent

Walk Score

17

/ 100

Source: Walk Score

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Hassan, I'd like to learn more about homes in Penrose.

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Hassan Scheib

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