Neighborhood Market Analysis
Roughly bounded by Gratiot Avenue (north), I-375 (west), Chene Street (east), and Lafayette Street (south).
~3,530 residents, 2,537 households; 23% homeowners, 57% with post-secondary degrees, 86% single/no kids[2].
Urban, architecturally significant, diverse, with a strong sense of design and history.
More oriented toward singles, couples, and professionals; limited family amenities but proximity to downtown attractions.
Price competitively due to slow market movement; highlight value vs. other downtown neighborhoods.
Emphasize proximity to charter/private schools and enrichment opportunities downtown.
Highlight long-term value, unique architecture, and stable rental demand.
Showcase spacious townhomes and flexible condo layouts.
Modest; recent 1.7% YoY decline but long-term stability due to unique architecture and location[3].
Steady, driven by professionals and downtown workers.
Low to moderate; rising inventory and long days on market favor buyers[2].
Educate buyers on the unique architectural history and value proposition.
Leverage virtual tours and professional staging to highlight space and light.
Network with local businesses and community groups to tap into the design/urban enthusiast market.
Monitor inventory and price competitively; be prepared for longer marketing times.
Highlight walkability, access to downtown, and stable rental demand in all marketing materials.
Best for buyers seeking design, walkability, and value close to downtown.
Lafayette Park's median home price ($141,692) is higher than Detroit overall ($73,442), but lower than Midtown/Brush Park[3][4].
Accessible price points, especially for condos; walkable lifestyle appeals to urban-oriented buyers.
Limited options for larger homes; best for those seeking design or location upgrade.
Ideal for empty nesters wanting low-maintenance, architecturally significant homes.
Attractive cap rates and rental demand; focus on well-maintained units for best returns.
Appealing for those moving to Detroit for downtown jobs or cultural amenities.
This neighborhood analysis was generated using hyperlocal data and AI intelligence.
Neighborhood conditions change - consult with local real estate professionals for the most current information.
Explore connected markets and opportunities