Far East Side, Detroit, MI
Far East Side — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Far East Side, Detroit, Michigan. Explore the cited sources and local facts below while agent underwriting continues.
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Far East Side Neighborhood Overview
The Far East Side is a residential neighborhood in Detroit, Michigan, defined by its community-focused atmosphere and proximity to major city amenities. Located with the ZIP code 48201, it offers a distinct urban-suburban blend. The area provides a quiet setting while remaining connected to the broader city.
Lifestyle & Amenities
Residents have access to local parks and community centers that serve as gathering spots. The neighborhood's commercial corridors offer essential shopping and dining options for daily needs. Its location provides relatively easy access to larger retail and entertainment destinations elsewhere in the city.
Real Estate Market
The median home value in the Far East Side is $381,500, according to U.S. Census Bureau ACS 5-Year Estimates (2022). Current market data shows an asking price per square foot of $82.4/sqft, according to Redfin market data. The rental market shows significant variation, with current asking rents reported at $110,000 per month, according to Redfin market data, which may reflect a limited sample or unique property listings.
Schools & Education
The neighborhood is served by the Detroit Public Schools Community District. Families have access to a range of public school options, including elementary, middle, and high schools. Prospective residents are encouraged to research current school ratings and programs directly through the district.
Transportation & Connectivity
The area is primarily navigated by personal vehicle, with major thoroughfares providing routes downtown and to neighboring suburbs. Public transportation options include DDOT bus lines serving key corridors. Its location offers reasonable access to major freeways for regional travel.
Why Choose Far East Side
The neighborhood presents an opportunity for homeownership with a median home value below the city's overall average, according to U.S. Census Bureau ACS 5-Year Estimates (2022). It appeals to those seeking a close-knit community feel within Detroit's city limits. The significant gap between the reported median household income of $22,243, according to U.S. Census Bureau ACS 5-Year Estimates (2022), and current housing metrics suggests a market with complex dynamics that buyers and renters should investigate thoroughly.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Redfin Neighborhood Market Tracker — redfin.com/news/data-center
Far East Side Market Data
| Metric | Value |
|---|---|
| Median Home Price | $382K |
| Median Gross Rent | $765/mo |
| Median Household Income | $22K |
| Homeownership Rate | 11.4% |
| Renter-Occupied | 88.6% |
| Rental Vacancy Rate | 4.1% |
| Market Type | Balanced |
| Market Tier | Upper-Mid |
| Primary ZIP Code | 48201 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 264,220 |
| VA Loan Originations | 9,916 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $247K |
| Conventional Loan Originations | 227,996 |
| FHA Loan Originations | 26,308 |
Top Real Estate Agents in Far East Side, Detroit
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Far East Side, Detroit, MI. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Michigan Department of Licensing and Regulatory Affairs (LARA) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-16