Market Snapshot
Springwells Park, Wayne County, MI is a neighborhood market with a median home price of $317,769, a median monthly rent of $1,649, a GRM of 16.0x, and a price-to-rent ratio of 16.1.
Springwells Park, Wayne County, MI
Median Home Price Price
$317,769 $317.8K
Median Monthly Rent Rent
$1,649 $1.6K
16.0x
Home price / annual rentLog in to save this market to your dashboard.
Comparable Markets
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Home prices
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Monthly rent
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GRM = home price / annual rent
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Region
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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
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Monthly rent
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GRM = home price / annual rent
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Region
Show
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
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Monthly rent
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GRM = home price / annual rent
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Springwells Park
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Benchmark comparison
Compare Springwells Park, MI to another market.
Compare to
Duvall-Edison, MI
Springwells Park, MI
Duvall-Edison, MI
Delta
Median rent
$1,649
N/A
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Median price
$317,769
N/A
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YoY change
+$157
N/A
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Price-to-rent
16.1x
Data unavailable
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Key takeaways
- Springwells Park, Wayne County, MI has a middle-grm screening profile: At 16.0x GRM, price and rent sit in a less extreme screening range.
- The investment thesis may depend more on trend quality and local context than on GRM alone.
- Rent momentum is positive, with median rent up about $157 year over year.
- Next discovery step: compare Duvall-Edison, Wayne County, MI from the Same county set.