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Real Estate Prices & Overview

University median real estate price is $548,029, which is more expensive than 94.4% of the neighborhoods in Michigan and 73.4% of the neighborhoods in the U.S.

The average rental price in University is currently $1,493, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 53.2% of Michigan neighborhoods.

University is a densely urban neighborhood (based on population density) located in Detroit, Michigan.

University real estate is primarily made up of small (studio to two bedroom) to large (four, five or more bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the University neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 2000 and the present.

Vacant apartments or homes are a major fact of life in University. The current real estate vacancy rate here is 19.2%. This is higher than the rate of vacancies in 85.7% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Detroit, the University neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

The University neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 96.8% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

In addition, one of the really unique and interesting things about the look and setting of the University neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 89.1% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 98.1% of all neighborhoods in America.

Furthermore, even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The University neighborhood is among the top 5% of American neighborhoods in terms of walkability.

Modes of Transportation

More people in University choose to walk to work each day (21.2%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.

People

NeighborhoodScout's analysis shows that the University neighborhood has a greater concentration of residents currently enrolled in college than 97.9% of the neighborhoods in the U.S. With 21.6% of the population here attending college, this is very much a college-focused neighborhood.

In addition, the University neighborhood stands out within Michigan for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 5.1% of college-friendly places to live in MI.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the University neighborhood buck this trend. 19.2% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 95.0% of U.S. neighborhoods.

Diversity

Did you know that the University neighborhood has more Finnish and Brazilian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.4% of this neighborhood's residents have Finnish ancestry and 1.2% have Brazilian ancestry.

University is also pretty special linguistically. Significantly, 2.7% of its residents five years old and above primarily speak Urdu, which is the national language of Pakistan, at home. While this may seem like a small percentage, it is higher than 99.3% of the neighborhoods in America.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the University neighborhood in Detroit are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 88.6% of U.S. neighborhoods. With 27.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 78.6% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the University neighborhood, 56.5% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 19.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (12.7%), and 11.3% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the University neighborhood is English, spoken by 85.5% of households. Other important languages spoken here include Langs. of India, Polish, Urdu (the national language of Pakistan) and Chinese.

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the University neighborhood in Detroit, MI, residents most commonly identify their ethnicity or ancestry as Asian (15.4%). There are also a number of people of German ancestry (14.0%), and residents who report Sub-Saharan African roots (6.4%), and some of the residents are also of Polish ancestry (5.7%), along with some English ancestry residents (5.4%), among others. In addition, 16.6% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in University neighborhood spend under 15 minutes commuting one-way to work (38.5% of working residents), one of the shortest commutes across America.

Here most residents (46.0%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (21.2%) and 13.6% of residents also carpool with coworkers, friends, or neighbors for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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