View Single Post
  #76  
Old Posted Oct 8, 2019, 2:57 PM
iheartthed iheartthed is offline
Registered User
 
Join Date: Oct 2009
Location: New York
Posts: 2,742
Quote:
Originally Posted by memph View Post
So I had a look at the census data, and you are right, at least for the areas close to downtown Royal Oak. But it seems like it's also a case of many of these inner suburbs looking good by comparison.

I looked at the household income compared to the state wide average in 1990, 2000 and 2016 (100% = same income as statewide average).

Ferndale
1990: 93.8%
2000: 101.9%
2016: 102.4%
So Ferndale improved a bit, but mostly 20-30 years ago and then just remained stable.

Birmingham
1990: 207.1%
2000: 211.2%
2016: 214.5%
If it's become the most expensive suburb, that's mostly due to the competition declining from extremely desirable to just very desirable rather that Birmingham itself becoming much more desirable since the relative income only slightly increased.

Bloomfield Hills
1990: 483.6%
2000: 382.4%
2016: 306.8%
Extremely desirable to just very desirable.

Berkley
1990: 120.2%
2000: 129.8%
2016: 137.6%
It's indeed been steadily more desirable.

Pleasant Ridge
1990: 172.7%
2000: 180.6%
2016: 195.1%
Similar to Berkley but from a higher point.

Huntington Woods
1990: 196.8%
2000: 195.4%
2016: 219.8%
Very desirable in the past, a bit more now.

Royal Oak
1990: 119.5%
2000: 117.7%
2016: 125.3%
It improved, but not that much, and basically just in the southern half close to downtown
Royal Oak South of Twelve Mile
1990: 114.5%
2000: 117.4%
2016: 130.7%
Royal Oak North of Twelve Mile actually hasn't recovered from the decline it experienced in the 90s.
1990: 124.4%
2000: 117.9%
2016: 120.0%

If you're wondering if the more suburban nature of northern Royal Oak hints that Clawson might have done more poorly, you'd be right.
Clawson
1990: 119.6%
2000: 114.1%
2016: 107.3%

119.6% to 107.3% is a relatively modest decline though, of only 10.3%.

I also looked at Southfield (26.7% decline), Harper Woods (17.9% decline) and Dearborn east of the Southfield Fwy (35.7% decline). And with Bloomfield Hills, it experienced a 36.6% decline.
This is interesting and is about what my "senses" expected. I would also be interested to see how those places have increased/decreased against non-Detroit metros.
Reply With Quote