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Wayne County Housing Market

Michigan · 83 counties · Ranked #1500 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$170,200

vs national$170,200 vs $281,900 national

Median Gross Rent

$1,087/mo

vs national$1,087 vs $1,163 national

Effective Tax Rate

1.64%

vs national+1.64% vs 1.02% national

Median Household Income

$59,521

vs national$59,521 vs $74,755 national

Affordability Ratio

2.9x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

32.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$2,794

Tax as % of Home Value

1.64%

Monthly Owner Cost

$990

Renter Income

$36,809

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Wayne County?

The median home value in Wayne County is $170,200. This is below the national median of $281,900.

How much is rent in Wayne County?

The median gross rent in Wayne County is $1,087 per month.

What is the property tax rate in Wayne County?

The effective property tax rate in Wayne County is 1.64%. The median annual property tax bill is $2,794.

Is Wayne County affordable?

With a home-value-to-income ratio of 2.9x, Wayne County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.