Eastern Market
Island Park Neighborhood in Detroit, Michigan
Wayne County 48207
B Neighborhood Grade
6.5 Neighborhood Score
$164,000
Average Value
$137
Average Price per Sq Ft
The Beating Heart of Detroit’s Culinary and Creative Soul in Wayne County’s 48207
The historic, sensory-rich Eastern Market neighborhood is located just northeast of downtown in District 5 and covers the ZIP code 48207.
From a produce trading post in the late 19th century to one of America’s largest open-air markets, featuring everything from heirloom tomatoes to hip-hop pop-ups, Eastern Market has seen it all.
Nowadays, locals, chefs, artists, and families fill the market’s sheds and sidewalks.
The Dequindre Cut, downtown Detroit, and the expanding East Riverfront make Eastern Market a recreational destination as well as an eclectic residential neighborhood that blends heritage with innovation.
Living Among the Lofts: Real Estate in 48207
Eastern Market real estate has a rustic industrial character mixed with sleek urban comfort.
It’s a place where converted warehouses, art-filled lofts, and modern townhomes offer residents walkable living.
2025 Market Snapshot:
Median listing price: $157,900 (20.8% year-over-year)
General price range: $29,999 for fixer-uppers, $500,000 for move-in ready townhomes.
Common property types include:
· Renovated lofts in former produce and meat-packing warehouses
· Older brick townhouses
· Upper floor mid-rise condos with rooftop views of downtown
With newer construction filling in the gaps.
In short, those seeking space, charm, and community access will find lots of flexibility in the 48207 ZIP code.
Education Within Reach: Schools and Learning
While Eastern Market has no K-12 schools within its borders, its central location means residents have direct access to excellent public and alternative schools right within walking distance.
A few of the top choices in the area include:
Cass Technical High School: an exclusive, selective enrollment magnet school of high academic standing.
Bates Academy: tough curriculum, strong extracurriculars.
Detroit Edison Public School Academy: a charter school creating empathetic future leaders and successful lifelong learners.
With Wayne State University, College for Creative Studies, and University Prep campuses all within close reach of Eastern Market as well.
The Green Side of the Market District
Beyond the brick and bustle, Eastern Market has several popular recreation areas:
· The Dequindre Cut Greenway, a 2-mile bike and pedestrian trail from the market to the riverfront.
· Peck Park, a little-known yet well-maintained park with plenty of picnic tables and shade.
· Beacon Park, a park situated just west of the neighborhood with its wide lawns, outdoor concerts, and weekend family programming.
Few neighborhoods in District 5 have as much outdoor access as ZIP code 48207.
Feast for the Senses: Food & Shopping at the Market
The culinary reputation of Eastern Market is well-earned and growing.
Restaurants to know include:
Supino Pizzeria: a no-thrills spot loved for its thick-crust pies.
Vivio’s: a neighborhood tavern serving oysters, burgers, and Bloody Marys.
Detroit City Distillery: cocktails and spirits in a hole-in-the-wall setting.
Mitsos Greek Food & Coffee: a newer addition with ties to Greektown.
As for shopping:
Eastern Market Sheds are open in the neighborhood year-round, featuring everything from farmers to florists to cheesemakers and bakers.
Eastern Market Antiques is there for vintage finds, oddities, and heirlooms.
With bigger box and chain stores available just outside the neighborhood.
All in all, Eastern Market is more than just a place to live – it’s a place to taste, browse, and explore.
Getting Around: Transit, Trails, and Arteries
Eastern Market is a commuter haven and a pedestrian paradise:
Interstates 75 and 375 are two major freeways near the neighborhood.
DDOT bus lines make frequent stops along Gratiot, Russell, and Mack.
La Quinta Cut provides access to downtown via bike/walk trails, as well as Lafayette Park and the Detroit Riverwalk.
The neighborhood also has plenty of bike racks and scooter-sharing programs.
All of this connects Eastern Market to every major Detroit employment and entertainment district with ease.
Community Character: Culture with a Pulse
Eastern Market may be built on old cobblestone, but it’s still alive with cultural energy. In this neighborhood, muralists paint buildings at dawn, chefs buy local produce from the next stall over, and music, art, and activism coexist.
As for what’s still to come, the future of Eastern Market looks bright – especially since artists, entrepreneurs, third-generation vendors, and new homeowners are turning the neighborhood into one of Detroit’s most diverse weekly foot traffic zones.
Outdoor events like Flower Day, Sunday Street Markets, and mural festivals also draw in thousands, creating an environment where time never seems to stand still.
A Creative Future for a Historic Market District
Eastern Market is among Detroit’s best examples of authentic urban revitalization.
It is a model of what the city can be: independent, walkable, local, and proud of its roots.
With home values still rising, an eclectic local food scene, and a central location close to everything, Eastern Market gives buyers and renters the chance to live right inside a story still in the process of being written.
Agents Specializing in this Area
Schools
No Schools found.
Transit
Airport
Windsor International
Bus
7 Mile & Northlawn
Bus
Curtis & San Juan
Bus
7 Mile & Pennington
Bus
Curtis & Cherrylawn
Bus
Mcnichols & Ohio
Bus
Mcnichols & San Juan
Bus
7 Mile & Greenlawn
Crime and Safety
| 1 – Low Crime, 10 – High Crime | Eastern Market | US |
|---|---|---|
| Homicide | 8 | 4 |
| Sexual Assault | 5 | 4 |
| Assault with Weapon | 6 | 4 |
| Robbery | 6 | 4 |
| Burglary | 4 | 4 |
| Motor Vehicle Theft | 4 | 4 |
| Larceny | 4 | 4 |
| Crime Score | 5 | 4 |
Source: WhatIsMyCrimeRisk.com
Eastern Market Demographics and Home Trends
On average, homes in the Eastern Market vicinity sell after approximately 70 days on the market—slightly slower than the national average of 48 days. Over the past year, the median home sale price has reached $119,500, representing a remarkable 99.2% year-over-year increase. Although traditionally an industrial and commercial zone, recent years have seen a shift toward mixed-use developments, including lofts and condominiums. Eastern Market’s residential appeal is growing, supported by urban reinvestment and proximity to downtown amenities.
Home Trends
| Median Price (12 Mo) | Median Single Family Price | Average Price Per Sq Ft | Number of Homes for Sale |
| $192,200 | $867 | $137 | 78 |
| Last 12 months Home Sales | Median List Price | Median Home Sale Price YoY % | |
| 6 | $157,450 | 11% |
Neighborhoods Facts
| Number of Homes in Neighborhood | Median Year Built |
| 3,911 | 1937 |
| Avg. Single Family Home Size Sq Ft Below the national average | Median Lot Size Sq Ft |
| 1,483 1,937 | 4,138 |
Distribution of Home Values
Homes for Sale
No listings found.
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Average Home Value
Property Mix – Square Feet
This Neighborhood Has More Renters
Demographics
| Total Population | Median Age | Population Density | Population under 18 On par with the national average |
| 214 | 46 | 595.6 people/sq mi | 24% 23.8% |
| Population over 65 On par with the national average | |||
| 18% 19.1% |
Finances
| Median Household Income Significantly below the national average | Average Household Income |
| $35,308 $78,538 | $119,000 |
Education and Workforce
| High School Graduates | College GraduateBelow the national average | Advanced Degrees | % Population in Labor Force Below the national average |
| 88.9% | 23.6% 34.1% | 11.1% | 55.7% 65.1% |
Weather
| Annual Precipitation | Average Winter Low Temperature | Average Summer High Temperature | Annual Snowfall |
| 30” | 20°F | 83°F | 38” |
Area Factors
66
/ 100
50
/ 100
63
/ 100
Source: Walk Score
