Wayne County, MI Housing

The housing market in Wayne, MI County is thriving. The median value of homes in the area is $150,200, which is significantly lower than the US House Median Value of $338,100. Nevertheless, the rate of 1 year house appreciation in Wayne has been impressive at 9.55%, higher than the 8.27% national average. This indicates that real estate values are increasing and homeownership can be a great investment for those living in Wayne MI County.

The median home cost in Wayne County is $150,200. Home appreciation the last 10 years has been 119.7%. Home Appreciation in Wayne County is up 11.5%.

Average Age of Homes

- The median age of Wayne County real estate is 62 years old

The Rental Market in Wayne County

- Renters make up 29.5% of the Wayne County population
- 1.4% of houses and apartments in Wayne County, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Wayne, Michigan	United States
	793,207.0	139,647,020.0
	65	42
	$150,200	$338,100
	11.5%	16.6%
	50.8%	57.0%
	119.7%	101.1%
	$19.03	$10.98
	$2,592	$2,690
	54.8%	57.4%
	13.6%	11.2%
	31.7%	31.4%
Vacant Housing
	1.4%	1.9%
	0.2%	0.4%
	1.1%	0.7%
	0.7%	0.4%
	0.4%	3.6%
	9.8%	4.1%
Value of Owner-Occupied Housing
	5.9%	2.6%
	7.4%	2.4%
	7.7%	2.8%
	8.4%	3.9%
	7.3%	4.5%
	17.6%	11.3%
	14.7%	13.0%
	16.0%	20.1%
	7.4%	13.6%
	3.4%	8.3%
	2.7%	9.7%
	0.8%	3.9%
	0.3%	2.2%
	0.1%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.7%	13.6%
	5.7%	13.6%
	6.3%	13.6%
	5.1%	13.2%
	10.4%	14.8%
	6.3%	13.6%
	24.7%	10.0%
	14.7%	4.7%
	20.1%	12.2%

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