Metro Detroit holds one of the most diverse housing markets in the country. The suburbs include homes that range in price from thousands to millions of dollars. At Strategy Properties, we have focused on the neighborhoods with homes that have the best rental demand, and appreciation values in the region. We invite you to take a virtual tour of our most popular suburbs and neighborhoods, to learn more about the real estate market that has taken over the investment property game!
Neighborhoods in the City
The neighborhoods in The City of Detroit are as diverse as the surrounding suburbs, with homes ranging from sprawling lakeshore estates to cookie-cutter housing projects. Residents include white-collar executives that head the largest corporations in the region, to everyday blue-collar working men and women. Take a tour of our favorite neighborhoods in the city, and see why we believe that Detroit is the best rental market in the United States!
Suburbs of the City
Garden City has bounced back from the Mortgage Crisis of 2008 with flying colors, Garden City has seen a 61.4% increase in sales price in the past 5 years!! With an almost 7% increase from 2014-2015. Garden City is robust with Retail and Health Care employment with its very own, Garden City Hospital centrally located in the city. Income per resident is above the state average, which helps keep the city thriving. Garden City’s unemployment rate is well below the national average, while the spending per student is above the national average, preparing success for Garden City residents for now and for the future.
Livonia is a larger city in the state of Michigan approximately 36 square miles in size. It houses 3 zip codes, 5 Universitys, and a, median home value of $143,000. Unemployment rate is almost half of the national average (3.4%) with employment sources such as Ford Motor and General Motors, making Livonia a beneficial community to invest in. Home values have raised by more than 15% in the past year.
Harper Woods is a city located in Wayne County, and boarders St.Clair Shores, and upscale Grosse Pointe. Harper Woods is a small community, only 2.6 miles in diameter, but has a heavy retail influence with major roads, bus routes, shopping malls, and restaurants providing a lot activity and economic growth in the area. Harper Woods is home to one of the first outdoor shopping malls ever built, Eastland Mall. Harper Woods home values have raised almost 15% in the past year, and offer a great return on your investment.
Dearborn, Michigan is the eighth largest city in the State of Michigan. More than 98,000 residents call Dearborn “home” and benefit from exceptional City services. Internationally recognized as the birthplace of Henry Ford, Dearborn is where auto & steel manufacturing, fields of sunflowers and wildlife dwell side by side. The city is a regional center for employment, healthcare services, higher education, shopping and transportation along with outstanding cultural attractions. Average price per square foot for Dearborn MI is $84. Compared to the rest of the country, Dearborn’s cost of living is 17.00% Lower than the U.S. average.
Westland is a city in Wayne County in the U.S. state of Michigan. It is located about 16 miles west of downtown Detroit. Average price per square foot for Westland MI was $83, an increase of 3.8% compared to the same period last year. Average listing prices for city of Westland are around $110,000, which is an increase of about 4% from 2014. Median Gross rent runs about $800 month. The formal boundaries for the City of Westland encompass a land area of 20.42 sq. miles. If you work downtown or want to catch a sporting event or concert, you’re only thirty minutes away from the heart of Detroit.
Roseville is a city that is home to companies in the automotive, military, printing, paper recycling, food service industries, and many more. Approximately 681 acres of Roseville are devoted to industrial property. Easy access to I-94 and I-696, the Groesbeck corridor and CN Railway make Roseville desirable to many industries. Real estate sales have increased about 7.6% in the last year. There are ample international companies that call the city of Roseville home, and for that reason the populous continues to grow. There are currently 47,000 plus residents here in Roseville and it is vitally important they find the appropriate affordable living arrangements for their needs.
18 miles southwest of Detroit, this optimal location provides a perfect place for those who are seeking to invest in the real estate market. This community was a finalist for the All-America City Award in 2004. In addition to its schools, the Downriver Campus of the Wayne County Community College District, churches, parks, golf courses, recreation center, library, and the Oakwood Health System’s Heritage Hospital, Heritage Park, the “jewel of the city,” is a regional park that features a mini historical village, Petting Farm and soccer and baseball fields. The unemployment rate in Taylor, Michigan, is 6.80%. Future job growth over the next ten years is predicted to be 32.80%.
Dearborn Heights provides excellent schools, close-knit neighborhoods, low crime rate, affordable housing, and a wide selection of shopping areas. Dearborn Heights puts you near the action while also allowing you to lead the charming suburban life. Dearborn heights saw an increase of 4% in the average square footage price per home from 2014. The city has a total area of 11.75 square miles. The overall crime rate in Dearborn Heights is 11% lower than the national average. The city’s central location in Wayne County affords easy access to numerous recreational, cultural and travel opportunities in the Greater Detroit area.
The Township of Redford is roughly 11 square miles and is home to approximately 48,362 people. Redford has many parks, walking paths, outdoor ice rink, splash park and is home to the Western Golf Club. Redford’s unemployment rate is 4.1% lower than national average and the cost of living is 17.3% lower than national average. Home Values are up 10.5% recently and predictions are that values will continue to rise in Redford. Many Redford citizens are 2nd and 3rd generation residents who take pride in their city.
The City of Inkster is 6.25 miles with a population of about 24,857. It has 17 parks and a Recreation Center. Median sales price are up $34,500 that is 108% increase in recent times. Zillow predicts home values will continue to rise for Inkster. The City of Inkster boasts transportation for its senior citizens to medical appointments and to its local grocery stores.
Eastpointe (formerly East Detroit) is a city in Macomb County of the U.S. state of Michigan. As of the 2010 census, the city population was 32,442. Eastpointe forms a part of the Metro Detroit area. It borders on 8 Mile Road on the northern edge of Detroit. As of the census of 2010, there were 32,442 people, 12,557 households, and 8,220 families residing in the city. The population density was 6,311.7 inhabitants per square mile (2,437.0/km2).
Warren is the largest city in Macomb County with a population of 134,000 citizens. There are prominent opportunities for working class americans in this city, and a plethora of small businesses, which makes it a very attractive location for home-buyers and tenants alike. The typical rental home in Warren can run as low as 55k, and climb to 100k depending on the square footage and amenities. Rents in this area will range from $750 to $950. The largest employer in the city is General Motors, which employs 17,000 employees, followed by TACOM and Chrysler, who employ 6,500 and 4,200 employees, respectively.
Beautiful City of Eastpointe
Al Bazzy shows us a quick view of the lovely neighborhood Morningside Avenue in the city of Eastpointe.
Eastpointe is an excellent residential community of high quality predominantly brick homes, most of which were constructed during the past 30-40 years and are well maintained.
Beautiful City of Detroit
Al Bazzy gives us a beautiful October sunny day view in the middle of the historical Grandmont subdivision in the city of Detroit.
Detroit was home to the first mile of concrete highway, the first four-way three-color traffic light, and the world’s first urban freeway. And in Grandmont, the tranquil atmosphere of family oriented community is deeply rooted in our serene, tree lined streets and the classic architecture of our houses.