Palmer Woods, Wayne County, MI Housing Trends, Rent, Price-to-Rent

Market Summary

Palmer Woods, Wayne County, MI

Median Home Price Price

$553,691 $553.7K

Median Monthly Rent Rent

$1,216 $1.2K

GRM

37.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Trend Insights

Median Rent in Palmer Woods, MI is $1,216, with MoM change +$8 and YoY change +$76 pointing to positive momentum while volatility is low (std $19).

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Metric

Base market Palmer Woods, MI

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Delta vs base

Median rent

$1,216

N/A

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Median price

$553,691

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YoY change

+$76

N/A

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Price-to-rent

37.9x

Data unavailable

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