Seven Mile Rouge, Wayne County, MI

Median Home Price Price

$84,399 $84.4K

Median Monthly Rent Rent

$1,270 $1.3K

6.0x

Market Snapshot

Seven Mile Rouge, Wayne County, MI is a neighborhood market with a median home price of $84,399, a median monthly rent of $1,270, a GRM of 6.0x, and a price-to-rent ratio of 5.5.

Comparable Markets

Use related neighborhood markets across same-county, in-state, and outside-state scopes as a starting point for side-by-side review of price, rent, GRM, and recent trend context.

More markets to explore

Nearby alternative Lower GRM Lower price Rent momentum
High confidence
Price $44.9K
Rent $1.2K
GRM 3.0x
Nearby alternative Lower GRM Lower price Similar rent
High confidence
Price $46.4K
Rent $1.3K
GRM 3.0x
Explore the data
Region Show
Warrendale
$63K $1.6K 3.0x
$72K $1.3K 5.0x
$53K $1.3K 3.0x

These charts compare the selected market against displayed similar markets for home prices, monthly rent, and GRM. The nearby similar markets table provides the accessible market names and current metrics.

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
$125K $1.3K 8.0x

These charts compare the selected market against displayed similar markets for home prices, monthly rent, and GRM. The nearby similar markets table provides the accessible market names and current metrics.

Home prices

Monthly rent

GRM = home price / annual rent

These charts compare the selected market against displayed similar markets for home prices, monthly rent, and GRM. The nearby similar markets table provides the accessible market names and current metrics.

Home prices

Monthly rent

GRM = home price / annual rent

Similar markets map

Seven Mile-Rouge

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Benchmark comparison

Rent in Seven Mile-Rouge, MI is 21.7% lower than Warrendale, MI.

Seven Mile-Rouge, MI
Warrendale, MI
Delta
Median rent
$1,270
$1,622
+$352
Median price
$84,399
$63,061
-$21,338
YoY change
+$103
+$169
+$66
Price-to-rent
5.5x
3.2x
-2.3x

Key takeaways

  • Seven Mile Rouge, Wayne County, MI has a lower-grm screening profile: At 6.0x GRM, current rent may provide stronger support relative to price.
  • Low GRM can also reflect operating friction, softer appreciation expectations, or local risk that GRM does not capture.
  • Rent momentum is positive, with median rent up about $103 year over year.
  • Rent in Seven Mile-Rouge, MI is 21.7% lower than Warrendale, MI.