Southwest Outer Drive, Wayne County, MI

Median Home Price Price

$196,163 $196.2K

Median Monthly Rent Rent

$1,694 $1.7K

10.0x

Market Snapshot

Southwest Outer Drive, Wayne County, MI is a neighborhood market with a median home price of $196,163, a median monthly rent of $1,694, a GRM of 10.0x, and a price-to-rent ratio of 9.6.

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Home prices

Monthly rent

GRM = home price / annual rent

Southwest Outer Drive

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Benchmark comparison

Compare Southwest Outer Drive, MI to another market.

Compare to Duvall-Edison, MI
Southwest Outer Drive, MI
Duvall-Edison, MI
Delta
Median rent
$1,694
N/A
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Median price
$196,163
N/A
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YoY change
+$168
N/A
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Price-to-rent
9.6x
Data unavailable
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Key takeaways

  • Southwest Outer Drive, Wayne County, MI has a lower-grm screening profile: At 10.0x 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 $168 year over year.
  • Next discovery step: compare Duvall-Edison, Wayne County, MI from the Same county set.