Pleasant Ridge, MI
Full City Profile · Michigan · Wayne County County
4.3
/5.0
A
Great
2,607
Population
4,574/sq mi density
$161,058
Median Income
$89,539 per capita
$435,500
Home Value
$467,622 Zillow
$1,795
Median Rent
22.5% income on rent
51°F
Avg Temperature
291 sunny days/yr
A
Overall
4.3 / 5.0
Strong
A+
Economy
4.6 / 5.0
$161,058 median income, 4.6% unemployment
A+
Affordability
5.0 / 5.0
$435,500 home value, $1,795/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
A+
Education
5.0 / 5.0
79.9% bachelor's degree or higher
Housing Overview
Median Home Value
$435,500
54% above
US avg: $281,900
Median Rent
$1,795/mo
54% above
US avg: $1,163/mo
Homeownership Rate
95.4%
46% above US avg (65.4%)
Total Housing Units
1,190
Median year built: 1938
Home Value by Source
Census Median
$435,500
Zillow (ZHVI)
$467,622
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
95.4%
Owner-Occupied
4.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent:
$1,795/mo
Affordability & Housing Stock
Rent Burden
22.5%
of renters spending 30%+ of income on housing
27% below US avg (31.0%)
Median Year Built
1938
Average age of housing stock: 88 years
Homeownership Rate
95.4%
Complete Housing Data
Home Values
| Census Median Value | $435,500 |
| Zillow Home Value (ZHVI) | $467,622 |
Rent
| Census Median Rent | $1,795 |
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
Ownership & Stock
| Owner-Occupied | 95.4% |
| Renter-Occupied | 4.6% |
| Homeownership Rate | 95.4% |
| Total Housing Units | 1,190 |
| Median Year Built | 1938 |
| Rent Burden | 22.5% |
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