Elmwood Park, Wayne County, MI Housing Trends, Rent, Price-to-Rent

Market Summary

Elmwood Park, Wayne County, MI

Median Home Price Price

$164,501 $164.5K

Median Monthly Rent Rent

$1,265 $1.3K

GRM

11.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Trend Insights

Median Rent in Elmwood Park, MI is $1,265, with MoM change +$8 and YoY change +$35 pointing to positive momentum while volatility is low (std $8).

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Metric

Base market Elmwood Park, MI

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Delta vs base

Median rent

$1,265

N/A

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Median price

$164,501

N/A

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YoY change

+$35

N/A

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Price-to-rent

10.8x

Data unavailable

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