Market Summary

Herman Gardens, Wayne County, MI

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Median Home Price Price

$78,788 $78.8K

Median Monthly Rent Rent

$1,388 $1.4K

GRM

5.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Similar markets within Wayne County

Region Price Rent GRM Display
Bentler-Pickford
$56,363 $1,369 3.0x
Buffalo Charles
$131,343 $1,326 8.0x
Warrendale
$63,061 $1,622 3.0x
Detroit Golf
$490,248 $1,274 32.0x
Joy-Schaefer
$55,949 $1,284 4.0x
Weatherby
$58,093 $1,280 4.0x
Franklin Park
$64,803 $1,290 4.0x
Grandale
$47,557 $1,252 3.0x
Garden Homes
$69,832 $1,279 5.0x
Seven Mile-Rouge
$84,399 $1,270 6.0x
Hubbell-Lyndon
$55,396 $1,289 4.0x
Evergreen Lahser
$84,703 $1,278 6.0x
Riverdale
$71,165 $1,331 4.0x
Farwell
$52,618 $1,265 3.0x
Southfield Plymouth
$61,066 $1,277 4.0x
Claytown
$71,651 $1,260 5.0x
Evergreen-Outer Drive
$89,573 $1,306 6.0x
The Eye
$84,775 $1,655 4.0x
Fiskhorn
$61,227 $1,422 4.0x
Eight Mile Wyoming
$73,173 $1,519 4.0x
Cadillac Heights
$40,345 $1,286 3.0x

Home prices

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Monthly rent

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GRM

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Similar markets within MI outside of Wayne County

Region Price Rent GRM Display
Shepard Street, Ingham County, MI
$103,367 $1,316 7.0x
REO Town, Ingham County, MI
$96,532 $1,286 6.0x
Metawanee Hills, Genesee County, MI
$26,981 $1,077 2.0x
Stony Point, Monroe County, MI
$186,969 $1,396 11.0x
Potter-Walsh, Ingham County, MI
$86,437 $1,346 5.0x
Greencroft Park, Ingham County, MI
$129,675 $1,297 8.0x
Fairview, Ingham County, MI
$82,970 $1,342 5.0x

Home prices

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Monthly rent

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GRM

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Similar markets outside of MI

Region Price Rent GRM Display
Colonial Park, Richland County, SC
$118,219 $1,365 7.0x
Mars Hill, Marion County, IN
$152,784 $1,415 9.0x
Rufus King, Milwaukee County, WI
$137,195 $1,253 9.0x
Hill Section, Lackawanna County, PA
$186,566 $1,313 12.0x
Quindaro, Wyandotte County, KS
$116,798 $1,374 7.0x
Schenley, Mahoning County, OH
$89,286 $1,000 7.0x
West View, Knox County, TN
$187,236 $1,391 11.0x
Stocker, Kenosha County, WI
$274,112 $1,580 15.0x
Hermitage, Cumberland County, NC
$156,567 $1,784 7.0x
Rib Mountain, Marathon County, WI
$296,044 $1,398 18.0x
West Buechel, Jefferson County, KY
$160,450 $1,347 10.0x
Glendale, Marion County, IN
$318,929 $1,576 17.0x
Ensley, Jefferson County, AL
$68,386 $1,230 5.0x
The Village, Forsyth County, NC
$114,991 $1,522 6.0x
Mount Vernon Park, Allen County, IN
$103,294 $1,209 7.0x
Brooklyn Centre, Cuyahoga County, OH
$101,692 $1,225 7.0x
Sandpiper, Pulaski County, AR
$220,517 $1,410 13.0x

Home prices

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Monthly rent

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GRM

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Herman Gardens

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Trend Insights

Median Rent in Herman Gardens, MI is $1,388, with MoM change +$18 and YoY change +$140 pointing to positive momentum while volatility is low (std $34).

Benchmark Markets Side by Side

Search a market to benchmark rent, price, YoY, and price-to-rent against Herman Gardens, MI.

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Metric
Base market Herman Gardens, MI
Compare market Select a market
Delta vs base
Median rent
$1,388
N/A
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Median price
$78,788
N/A
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YoY change
+$140
N/A
—
Price-to-rent
4.7x
Data unavailable
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