Housing in Wayne, MI is relatively affordable compared to the US overall, with a median value of $151,300 compared to the US median value of $338,100. Despite its affordability, housing in Wayne has seen strong appreciation in the past year. House values have increased 8.47%, slightly higher than the national rate of 8.27%. This suggests that Wayne is an attractive market for potential home buyers looking for a bargain or investors interested in capitalizing on strong returns.
The median home cost in Wayne is $151,300. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Wayne is up 13.1%.
Average Age of Homes
- The median age of Wayne real estate is 60 years old
The Rental Market in Wayne
- Renters make up 37.8% of the Wayne population
- 1.2% of houses and apartments in Wayne, 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.