Market Summary

Flat Rock, Wayne County, MI

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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.

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

Search a market to benchmark rent, price, YoY, and price-to-rent against Flat Rock, MI.

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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
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