Top Reasons to Buy a HUD Home in Detroit
Detroit Housing statistics According to US News the average cost to buy a home in Detroit is approximately $158,000, which is well below the national average. The population is slowly growing, with more people migrating to the city. Many people are moving into the city center of Detroit, enticed by affordable homes and niche neighborhoods. The cost to buy a home has increased slightly over the recent years and is anticipated to continue to slowly increase. For those that are looking to rent instead of buy a home, the rent is below the average when compared to other large cities in the country. Daily expenses, such as groceries and utilities, are on par with the national average.
Living in Detroit Detroit's oldest neighborhood Corktown is an Irish turned hipster haven with many bars and dive bar hangouts. The area is listed on the National Register of Historic Places. The District's main attraction is Little Ceasars Arena, home to the Detroit Red Wings, Detroit Pistons, other sports and entertainment events, concerts, family shows, and community functions. The Eastern Market on Saturdays is full of fruit, vegetables, flower, food, and more. The market is one of the country's oldest farmers markets.
The Entertainment District is located in the downtown area and is a hub of activity with theaters, music venues, and two of downtown's professional sports facilities, Comerica Park and Ford Field. Midtown is home to Wayne State University, Shinola, and the major cultural institutions. Unique art galleries and markets, quirky independent retail shops, clubs, and some of the best restaurants in the city are located in this neighborhood. The Detroit International RiverWalk is located in Rivertown, it connects bars, restaurants, an amphitheater, and other public amenities. Detroit has a diverse collection of restaurants and waterholes, everything from gastro pubs and distilleries to French bistros and burger bars. The nightlife in Detroit offers lice jazz clubs, salsa dancing, bars that mix socializing and sports, houses of comedy, and casinos with club DJs.
Detroit Transportation and Commutes Almost all working Detroit residents commute by driving alone. The city has an extensive toll-free network of freeways. In downtown Detroit, residents can use the People Mover which is an elevated tram system. The Detroit Department of Transportation (DDOT) provides bus service within city limits. Amtrak provides service to Detroit, operating its Wolverine between Chicago and Pontiac. Detroit Metropolitan Wayne County Airport (DTW) is a major international airport with flights to both domestic and international destinations. The airport is one of the most important hubs in the country.
Detroit and its neighboring Canadian city Windsor are connected through the Detroit-Windsor Tunnel, Michigan Central Railway Tunnel, and the Ambassador Bridge. The proximity to Canada and the city's facilities, ports, major highways, rail connections, and international airports, make Detroit an important transportation hub.