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Palmer Park

Suburban Neighborhood in Detroit, Michigan
Wayne County 48203

B Neighborhood Grade

6.8 Neighborhood Score

$275,111

Average Value

$116

Average Price per Sq Ft

Historic Revival in Detroit’s 48203 ZIP

Agents Specializing in this Area

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Schools

No Schools found.

Transit

Airport

Windsor International

Bus

Woodward & 7 Mile

Bus

Woodward & Goldengate

Bus

Woodward & Grixdale

Bus

Woodward & Nevada

Bus

Woodward & Covington

Bus

Mcnichols & Second

Bus

Mcnichols & Third

Crime and Safety

1 – Low Crime, 10 – High CrimePalmer ParkUS
Homicide84
Sexual Assault54
Assault with Weapon74
Robbery74
Burglary54
Motor Vehicle Theft54
Larceny44
Crime Score54

Source: WhatIsMyCrimeRisk.com

Palmer Park Demographics and Home Trends

On average, homes in Palmer Park, Detroit sell after 10 days on the market compared to the national average of 47 days. The average sale price for homes in Palmer Park, Detroit over the last 12 months is $241,000, up 503% 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
$241,000$241,000$1162
Last 12 months Home SalesMonths of SupplyMedian List PriceMedian Discount From 1st List Price
$244,9002%$244,9002%
Median Home Sale Price YoY Change
503%

Home Facts

Number of Homes in NeighborhoodMedian Year Built
481939
Average 2 Bedroom Size Sq FtAverage 1 Bedroom Size Sq Ft
1,606585

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
2,824402 ppl/acre21.5%
23.8%
Population over 65
On par with the national average
16%
19.1%

Finances

Median Household Income
Significantly below the national average
Average Household Income
$33,027
$71,702
$43,226

Education and Workforce

High School Graduates


College Graduates
Below the national average
Advanced Degrees
Below the national average
% Population in Labor Force
94.9%51.7%
34.1%
4.8%
13.3%
64.4%

Weather

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

Area Factors

Somewhat Bikeable

Bike Score

49

/ 100

GoodTransit

Transit Score

48

/ 100

Car-Dependent

Walk Score

35

/ 100

Source: Walk Score

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

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Hassan Scheib

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