Market Summary

Sherwood Forest, Wayne County, MI

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Median Home Price Price

$370,627 $370.6K

Median Monthly Rent Rent

$1,453 $1.5K

GRM

21.0x

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
$336,712 $1,501 19.0x
$483,718 $1,626 25.0x
$448,581 $1,639 23.0x
$186,066 $1,443 11.0x
$476,122 $1,648 24.0x

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

No similar markets found for this scope.

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
$302,591 $1,443 18.0x
$373,884 $1,286 24.0x
$273,585 $1,258 18.0x
$306,132 $1,495 17.0x
$219,623 $1,278 14.0x
$151,445 $1,368 9.0x
$160,263 $1,331 10.0x
$201,024 $1,143 14.0x
$287,952 $1,765 14.0x
$197,625 $1,267 13.0x
$177,477 $1,229 12.0x
$246,972 $1,722 12.0x
$173,070 $1,275 11.0x
$365,724 $1,266 24.0x
$321,253 $1,898 14.0x
$529,478 $1,921 23.0x
$251,319 $1,729 12.0x
$211,032 $1,364 13.0x

Home prices

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Monthly rent

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GRM

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Sherwood Forest

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Trend Insights

Median Rent in Sherwood Forest, MI is $1,453, with MoM change +$18 and YoY change +$116 pointing to positive momentum while volatility is low (std $28).

Benchmark Markets Side by Side

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Metric
Base market Sherwood Forest, MI
Compare market Select a market
Delta vs base
Median rent
$1,453
N/A
Median price
$370,627
N/A
YoY change
+$116
N/A
Price-to-rent
21.3x
Data unavailable
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