Far West Detroit, Detroit, MI
Far West Detroit — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Far West Detroit, Detroit, Michigan. Explore the cited sources and local facts below while agent underwriting continues.
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Far West Detroit Neighborhood Overview
Far West Detroit is a residential neighborhood located in the 48201 ZIP code of Detroit, Michigan. Characterized by its quiet streets and community-focused atmosphere, it offers a distinct urban living experience. The area provides a blend of historic charm and access to the broader city's resources.
Lifestyle & Amenities
Residents enjoy a neighborhood-oriented lifestyle with local parks and community spaces serving as central gathering points. While specific retail and dining destinations are not detailed, the area's location provides general access to Detroit's wider array of amenities. The community atmosphere is a key feature for those who call it home.
Real Estate Market
The real estate market in Far West Detroit presents a notable contrast, with a Census-reported median home value of $381,500. Current market data indicates an asking price per square foot of approximately $129.53, while reported rental asking prices appear to be an outlier and not representative of typical area rents.
Schools & Education
Families in Far West Detroit are served by the Detroit Public Schools Community District. The performance and specific programs of local schools can vary, so prospective residents are encouraged to research current ratings and visit schools directly. The neighborhood provides access to the city's public education system.
Transportation & Connectivity
The neighborhood is primarily connected by major arterial roads, facilitating car travel to downtown Detroit and other regions. Public transportation options include bus services operated by the Detroit Department of Transportation (DDOT). Its location offers reasonable connectivity for daily commutes and city access.
Why Choose Far West Detroit
Homebuyers may be drawn to the area for its potential value, given the significant gap between the median home value and the city's higher-priced districts. The neighborhood offers a quiet, community-centric alternative within the city limits. The contrast between median household income and property values suggests a complex, transitioning market that may appeal to certain investors or buyers.
Far West Detroit 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 West Detroit, Detroit
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Far West Detroit, Detroit, MI. Explore the available cited neighborhood data on this page.
Agent selection follows our published merit criteria. Do not infer or fabricate agent names.
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