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Rivertown

Suburban Neighborhood in Detroit, Michigan
Wayne County 48207, 48226

A- Neighborhood Grade

8.2 Neighborhood Score

$315,432

Average Value

$230

Average Price per Sq Ft

Where the River Meets the Renaissance in Wayne County 48207, 48226

Rivertown is an emerging waterfront neighborhood in Detroit’s near east side, covering ZIP codes 48207 and 48226.
Once an epicenter for shipping and heavy industry, Rivertown is now one of the city’s most dynamic and desirable mixed-use neighborhoods.
Located just east of downtown and west of the West Village, Rivertown is bordered by the Detroit River to the south, Larned Street to the north, I-375 to the west, and the Belle Isle access point to the east.
It’s a place where residents enjoy skyline and shoreline walks near cultural institutions, parks, restaurants, and entertainment, and modern amenities meet old-world charm.
That’s probably why new mid- and high-rise developments are transforming historic warehouse buildings all across Rivertown into lofts, with an average home value of $255,261 and a median listing price of $245,000.
Notable developments in the area include:
The gated condo community “Harbortown” with its fitness centers, pools, and river views.
Units ranging from studios to five bedrooms at Garden Court Apartments, a Beaux-Arts gem.
As well as luxury homes and starter condos.

Agents Specializing in this Area

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Schools

No Schools found.

Transit

Airport

Windsor International

Bus

Jefferson & Rivard

Bus

E Grand Bl & Jefferson

Bus

Jefferson & Concord

Bus

Jefferson & Helen

Bus

Jefferson & Chene

Bus

Jefferson & Harbortown

Bus

Jos Campau & Jefferson

Crime and Safety

1 – Low Crime, 10 – High CrimeRivertownUS
Homicide84
Sexual Assault64
Assault with Weapon64
Robbery74
Burglary74
Motor Vehicle Theft74
Larceny64
Crime Score64

Source: WhatIsMyCrimeRisk.com

Rivertown Demographics and Home Trends

On average, homes in Rivertown, Detroit sell after 100 days on the market compared to the national average of 48 days. The average sale price for homes in Rivertown, Detroit over the last 12 months is $237,151, down 23% from the average home sale price over the previous 12 months.

Home Trends

Median Price (12 Mo)Median Single Family PriceMedian Townhouse PriceMedian 2 Bedroom Price
$219,900$297,500$419,132$256,450
Median 1 Bedroom PriceAverage Price Per Sq FtNumber of Homes for SaleLast 12 months Home Sales
$172,450$2302839
Months of SupplyMedian List PriceMedian Discount From 1st List PriceMedian Home Sale Price YoY Change
8.60$259,9006%-28%

Home Facts

Number of Homes in NeighborhoodMedian Year Built
2791986
Avg. Single Family Home Size Sq Ft
Below the national average
Average Townhouse Size Sq Ft
1,324
1,937
1,638
Average 2 Bedroom Size Sq FtAverage 1 Bedroom Size Sq Ft
1,335832

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 DensityPopulation under 18
On par with the national average
2,106426 ppl/acre11.3%
23.8%
Population over 65
On par with the national average
21.5%
19.1%

Finances

Median Household Income
Significantly below the national average
Average Household Income
$76,578
$71,702
$112,545

Education and Workforce

High School Graduates


College Graduates
Below the national average
Advanced Degrees% Population in Labor Force
96.3%63%
34.1%
36.6%
13.3%
75.1%

Weather

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

Area Factors

Very Bikeable

Bike Score

81

/ 100

SomeTransit

Transit Score

49

/ 100

Very Walkable

Walk Score

81

/ 100

Source: Walk Score

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