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.