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

Market Summary

Downtown, Wayne County, MI

Median Home Price Price

$410,918 $410.9K

Median Monthly Rent Rent

$1,406 $1.4K

GRM

24.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Trend Insights

Median Rent in Downtown, MI is $1,406, with MoM change +$9 and YoY change +$34 pointing to positive momentum while volatility is low (std $12).

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Metric

Base market Downtown, MI

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Delta vs base

Median rent

$1,406

N/A

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Median price

$410,918

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YoY change

+$34

N/A

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Price-to-rent

24.4x

Data unavailable

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