Market Summary

Flat Rock, Wayne County, MI

City Last updated April 8, 2026

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Median Home Price Price

$242,693 $242.7K

Median Monthly Rent Rent

$1,321 $1.3K

GRM

15.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Market Snapshot

Flat Rock, Wayne County, MI is a city market with a median home price of $242,693, a median monthly rent of $1,321, a GRM of 15.0x, and a price-to-rent ratio of 15.3.

Comparable Markets

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Similar Markets

Compare nearby and out-of-state comps before deciding whether this market is truly distinctive.

Similar markets within Wayne County

Region Price Rent GRM Display
$251,807 $1,425 15.0x
$228,673 $1,351 14.0x
$182,771 $1,390 11.0x
$201,705 $1,413 12.0x

Home prices

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Monthly rent

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GRM

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Similar markets within MI outside of Wayne County

Region Price Rent GRM Display
$295,625 $1,837 13.0x
$276,306 $1,367 17.0x
$240,447 $1,411 14.0x
$283,744 $1,287 18.0x
$310,370 $1,870 14.0x

Home prices

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Monthly rent

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GRM

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Similar markets outside of MI

Region Price Rent GRM Display
$236,228 $1,054 19.0x
$300,474 $1,359 18.0x
$179,792 $1,187 13.0x
$262,372 $1,238 18.0x
$396,643 $1,325 25.0x
$309,201 $1,729 15.0x
$281,782 $1,297 18.0x
$667,974 $3,699 15.0x
$465,534 $1,309 30.0x
$227,866 $1,069 18.0x
$270,606 $1,314 17.0x
$138,477 $1,299 9.0x
$365,635 $1,256 24.0x
$346,684 $2,132 14.0x
$329,723 $1,367 20.0x
$292,825 $1,823 13.0x
$203,511 $1,159 15.0x
$258,309 $1,321 16.0x
$227,968 $1,466 13.0x
$286,574 $1,595 15.0x
$248,686 $1,382 15.0x
$220,819 $1,238 15.0x
$301,860 $1,378 18.0x
$289,425 $1,317 18.0x
$430,958 $1,336 27.0x

Home prices

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Monthly rent

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GRM

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Flat Rock

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Trend Insights

Median Rent in Flat Rock, MI is $1,321, with MoM change +$12 and YoY change +$87 pointing to positive momentum while volatility is low (std $21).

Benchmark Markets Side by Side

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Metric
Base market Flat Rock, MI
Compare market Select a market
Delta vs base
Median rent
$1,321
N/A
Median price
$242,693
N/A
YoY change
+$87
N/A
Price-to-rent
15.3x
Data unavailable
Frequently Asked Questions

What is the median home price in Flat Rock, Wayne County, MI?

TwinMarket currently shows a median home price of $242,693 for Flat Rock, Wayne County, MI.

What is the median rent in Flat Rock, Wayne County, MI?

The current TwinMarket market snapshot lists median monthly rent at $1,321 in Flat Rock, Wayne County, MI.

What is the GRM in Flat Rock, Wayne County, MI?

TwinMarket currently shows a GRM of 15.0x in Flat Rock, Wayne County, MI. Use it alongside price, rent, and trend direction rather than as a standalone buy signal.

Which markets look similar to Flat Rock, Wayne County, MI?

Comparable markets currently surfaced on TwinMarket for Flat Rock, Wayne County, MI include Woodhaven, Wayne County, MI, Trenton, Wayne County, MI, Southgate, Wayne County, MI. Open those pages to compare price, rent, GRM, and recent trend context side by side.

When was the Flat Rock, Wayne County, MI market page updated?

The market data shown on this page was last updated on April 8, 2026.