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

Market Summary

Romulus, Wayne County, MI

Median Home Price Price

$193,979 $194K

Median Monthly Rent Rent

$1,304 $1.3K

GRM

12.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Trend Insights

Median Rent in Romulus, MI is $1,304, with MoM change +$13 and YoY change +$97 pointing to positive momentum while volatility is low (std $24).

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Metric

Base market Romulus, MI

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Delta vs base

Median rent

$1,304

N/A

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Median price

$193,979

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YoY change

+$97

N/A

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Price-to-rent

12.4x

Data unavailable

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