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

Market Summary

Lafayette Park, Wayne County, MI

Median Home Price Price

$138,894 $138.9K

Median Monthly Rent Rent

$1,627 $1.6K

GRM

7.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Trend Insights

Median Rent in Lafayette Park, MI is $1,627, with MoM change +$9 and YoY change +$62 pointing to positive momentum while volatility is low (std $14).

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Metric

Base market Lafayette Park, MI

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Delta vs base

Median rent

$1,627

N/A

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Median price

$138,894

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YoY change

+$62

N/A

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Price-to-rent

7.1x

Data unavailable

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