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Wayne, MI

Full City Profile · Michigan · Wayne County County

2.8 /5.0
C+ Fair
17,413 Population 2,893/sq mi density
$54,467 Median Income $28,960 per capita
$142,200 Home Value $168,058 Zillow
$924 Median Rent 30.7% income on rent
51°F Avg Temperature 260 sunny days/yr
714 Violent Crime/100K 1,760 property/100K
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.0 / 5.0
$54,467 median income, 6.0% unemployment
A+
Affordability
5.0 / 5.0
$142,200 home value, $924/mo rent
F
Safety
1.0 / 5.0
714 violent crimes/100K (88% above avg)
C
Education
2.2 / 5.0
15.5% bachelor's degree or higher

Housing Overview

Median Home Value
$142,200
50% below
US avg: $281,900
Median Rent
$924/mo
21% below
US avg: $1,163/mo
Homeownership Rate
57.8%
12% below US avg (65.4%)
Total Housing Units
7,902
Median year built: 1959

Home Value by Source

Census Median
$142,200
Zillow (ZHVI)
$168,058
Median Sale Price
$180,000
Median List Price
$195,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

57.8%
Owner-Occupied
42.2%
Renter-Occupied
58%
42%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$1,009/mo
1 Bedroom
$1,122/mo
2 Bedroom
$1,411/mo
3 Bedroom
$1,724/mo
4 Bedroom
$1,868/mo
Census median rent: $924/mo · Zillow rent: $1,274/mo

Market Indicators (Redfin)

Median Days on Market
58 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
15
Price Drops
19.2%
of listings with price reduction
Price Per Sq Ft
$137
Active Inventory
26
homes for sale

Affordability & Housing Stock

Rent Burden
30.7%
of renters spending 30%+ of income on housing
1% below US avg (31.0%)
Median Year Built
1959
Average age of housing stock: 67 years
Homeownership Rate
57.8%

Complete Housing Data

Home Values

Census Median Value$142,200
Zillow Home Value (ZHVI)$168,058
Median Sale Price$180,000
Median List Price$195,000
Price Per Sq Ft$137

Rent

Census Median Rent$924
Zillow Rent (ZORI)$1,274
FMR Studio$1,009
FMR 1-Bedroom$1,122
FMR 2-Bedroom$1,411
FMR 3-Bedroom$1,724
FMR 4-Bedroom$1,868

Market

Days on Market58
Sale-to-List Ratio1.0%
Price Drops19.2%
Homes Sold15
Active Inventory26
Price Per Sq Ft$137

Ownership & Stock

Owner-Occupied57.8%
Renter-Occupied42.2%
Homeownership Rate57.8%
Total Housing Units7,902
Median Year Built1959
Rent Burden30.7%