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Palmer Woods

Neighborhood in Detroit, Michigan
Wayne County 48203

A Neighborhood Grade

8.8 Neighborhood Score

$641,215

Average Value

$181

Average Price per Sq Ft

An Upscale District 2 Cultural Icon

Agents Specializing in this Area

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Schools

No Schools found.

Transit

Airport

Windsor International

Bus

7 Mile & Gloucester

Bus

7 Mile & Pontchartrain

Bus

7 Mile & Burlington

Bus

7 Mile & Strathcona

Bus

7 Mile & Lincolnshire

Crime and Safety

1 – Low Crime, 10 – High CrimePalmer WoodsUS
Homicide74
Sexual Assault64
Assault with Weapon64
Robbery64
Burglary44
Motor Vehicle Theft44
Larceny34
Crime Score54

Source: WhatIsMyCrimeRisk.com

Palmer Woods Demographics and Home Trends

On average, homes in Palmer Woods, Detroit sell after 62 days on the market compared to the national average of 47 days. The average sale price for homes in Palmer Woods, Detroit over the last 12 months is $745,500, down 5% from the average home sale price over the previous 12 months.

Home Trends

Median Price (12 Mo)Median Sale PriceMedian Single Family Sale PriceMedian Change From 1st List Price
$875,000$754,000$855,0006%
Last 12 months Home SalesMonths of SupplyAverage Price Per Sq Ft
63%$181

Home Facts

Number of Homes in NeighborhoodNumber of Homes for Sale
2845
Median Year BuiltMonths of Supply
192910.00
Avg. Single Family Home Size Sq Ft
Above the national average
Average 2 Bedroom Size Sq Ft
9,842
1,938
18,295

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 Density

Population under 18
On par with the national average
689524 ppl/acre18.6%
23.8%
Population over 65
On par with the national average
31.8%
19.1%

Finances

Median Household Income
Significantly below the national average
Average Household Income
$138,636
$71,702
$164,402

Education and Workforce

High School Graduates


College Graduates
Below the national average
Advanced Degrees
Below the national average
% Population in Labor Force
96%64.4%
34.1%
44.6%
13.3%
56.9%

Weather

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

Area Factors

Somewhat Bikeable

Bike Score

43

/ 100

Good Transit

Transit Score

57

/ 100

Car-Dependent

Walk Score

23

/ 100

Source: Walk Score

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

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Hassan Scheib

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