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

Market Summary

Melvindale, Wayne County, MI

Median Home Price Price

$134,220 $134.2K

Median Monthly Rent Rent

$1,365 $1.4K

GRM

8.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Trend Insights

Median Rent in Melvindale, MI is $1,365, with MoM change +$10 and YoY change +$71 pointing to positive momentum while volatility is low (std $16).

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Metric

Base market Melvindale, MI

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Delta vs base

Median rent

$1,365

N/A

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Median price

$134,220

N/A

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YoY change

+$71

N/A

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Price-to-rent

8.2x

Data unavailable

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