Detroit, Wayne County, MI Housing Trends, Rent, Price-to-Rent

Market Summary

Detroit, Wayne County, MI

Median Home Price Price

$76,183 $76.2K

Median Monthly Rent Rent

$1,252 $1.3K

GRM

5.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Trend Insights

Median Rent in Detroit, MI is $1,252, with MoM change +$6 and YoY change +$37 pointing to positive momentum while volatility is low (std $8).

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Metric

Base market Detroit, MI

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Delta vs base

Median rent

$1,252

N/A

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Median price

$76,183

N/A

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YoY change

+$37

N/A

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Price-to-rent

5.1x

Data unavailable

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