Market Snapshot
Garden City, Wayne County, MI is a city market with a median home price of $191,896, a median monthly rent of $1,432, a GRM of 11.0x, and a price-to-rent ratio of 11.2.
Garden City, Wayne County, MI
Median Home Price Price
$191,896 $191.9K
Median Monthly Rent Rent
$1,432 $1.4K
11.0x
Home price / annual rentLog in to save this market to your dashboard.
Comparable Markets
Use related city markets across same-county, in-state, and outside-state scopes as a starting point for side-by-side review of price, rent, GRM, and recent trend context.
Within MI
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Price
$229.6K
Rent
$1.7K
GRM
11.0x
High confidence
High confidence
High confidence
High confidence
High confidence
No in-state alternatives are available for this market yet.
No in-state alternatives are available for this market yet.
No in-state alternatives are available for this market yet.
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High confidence
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High confidence
Price
$245.5K
Rent
$1.9K
GRM
11.0x
High confidence
High confidence
High confidence
Price
$150.8K
Rent
$1.4K
GRM
9.0x
High confidence
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Home prices
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Monthly rent
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GRM = home price / annual rent
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These charts compare the selected market against displayed similar markets for home prices, monthly rent, and GRM. The nearby similar markets table provides the accessible market names and current metrics.
Home prices
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Monthly rent
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GRM = home price / annual rent
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Region
Show
These charts compare the selected market against displayed similar markets for home prices, monthly rent, and GRM. The nearby similar markets table provides the accessible market names and current metrics.
Home prices
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Monthly rent
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GRM = home price / annual rent
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Garden City
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Benchmark comparison
Compare Garden City, MI to another market.
Compare to
Westland, MI
Garden City, MI
Westland, MI
Delta
Median rent
$1,432
N/A
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Median price
$191,896
N/A
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YoY change
+$99
N/A
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Price-to-rent
11.2x
Data unavailable
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Key takeaways
- Garden City, Wayne County, MI has a lower-grm screening profile: At 11.0x GRM, current rent may provide stronger support relative to price.
- Low GRM can also reflect operating friction, softer appreciation expectations, or local risk that GRM does not capture.
- Rent momentum is positive, with median rent up about $99 year over year.
- Next discovery step: compare Westland, Wayne County, MI from the Same county set.