Downtown median real estate price is $688,766, which is more expensive than 96.5% of the neighborhoods in Michigan and 79.1% of the neighborhoods in the U.S.
The average rental price in Downtown is currently $2,081, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 79.7% of the neighborhoods in Michigan.
Downtown is a densely urban neighborhood (based on population density) located in Ann Arbor, Michigan.
Downtown real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Downtown neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in Downtown. The current real estate vacancy rate here is 30.5%. This is higher than the rate of vacancies in 95.6% 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.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
The Downtown neighborhood stands out for having an average per capita income lower than 98.3% of the neighborhoods in the United States. In a nation where 1 out of every 4 children lives in poverty, the Downtown neighborhood also stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
In addition, some neighborhoods have residents that are more educated than others. But in this neighborhood there is a dramatic difference. NeighborhoodScout's exclusive analysis reveals that 55.0% of the adults here have earned a Masters degree, medical degree, Ph.D. or law degree. This is a higher rate of people with a graduate degree than is found in 99.5% of U.S. neighborhoods, where the average American neighborhood has 14.1% of its adults with a graduate degree. If you are highly educated, you may have much in common with many of your neighbors here.
Also, one of the most interesting things about the Downtown neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 61.2% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 98.8% of the neighborhoods in America.
Executives, managers and professionals make up 81.2% of the workforce in the Downtown neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 99.1% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.
One of the really unique and interesting things about the look and setting of the Downtown neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 92.0% 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 98.5% of all neighborhoods in America.
In addition, vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 30.5% of the residential real estate vacant, the Downtown neighborhood claims the distinction of having a higher vacancy rate than 95.6% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.
More people in Downtown choose to walk to work each day (19.1%) 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.
American households most often have a car, and regularly they have two or three. But households in the Downtown neighborhood buck this trend. 39.8% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.1% of U.S. neighborhoods.
Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. In the Downtown neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 99.6% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
Did you know that the Downtown neighborhood has more Arab and Russian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.0% of this neighborhood's residents have Arab ancestry and 4.3% have Russian ancestry.
Downtown is also pretty special linguistically. Significantly, 5.0% of its residents five years old and above primarily speak Arabic at home. While this may seem like a small percentage, it is higher than 98.3% of the neighborhoods in America.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the Downtown neighborhood in Ann Arbor are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 98.3% of U.S. neighborhoods. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the Downtown neighborhood, 81.2% 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 9.1% of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions (8.9%), and 6.3% in clerical, assistant, and tech support occupations.
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 Downtown neighborhood is English, spoken by 67.0% of households. Other important languages spoken here include Spanish, Chinese, Polish and Arabic.
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the Downtown neighborhood in Ann Arbor, MI, residents most commonly identify their ethnicity or ancestry as Asian (15.1%). There are also a number of people of Irish ancestry (13.2%), and residents who report English roots (7.8%), and some of the residents are also of German ancestry (6.6%), along with some Arab ancestry residents (5.0%), among others. In addition, 22.4% of the residents of this neighborhood were born in another country.
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 Downtown neighborhood spend under 15 minutes commuting one-way to work (47.4% of working residents), one of the shortest commutes across America.
Here most residents (27.5%) 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 (19.1%) and 15.2% 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.