Market Summary

Westwood, Wayne County, MI

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Median Home Price Price

$166,248 $166.2K

Median Monthly Rent Rent

$1,668 $1.7K

GRM

8.0x

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
$196,163 $1,694 10.0x
$277,237 $1,651 14.0x

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
$168,053 $1,439 10.0x
$151,567 $1,190 11.0x
$353,236 $1,682 17.0x
$157,220 $1,942 7.0x
$192,126 $1,563 10.0x
$373,785 $1,692 18.0x
$138,652 $1,309 9.0x
$299,469 $1,580 16.0x
$190,225 $1,891 8.0x
$264,965 $1,669 13.0x
$207,808 $1,272 14.0x
$199,188 $1,322 13.0x
$222,903 $1,700 11.0x
$170,715 $1,381 10.0x
$569,810 $1,668 28.0x
$451,167 $1,694 22.0x
$315,112 $1,573 17.0x
$709,449 $1,774 33.0x

Home prices

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Monthly rent

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GRM

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Westwood

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Trend Insights

Median Rent in Westwood, MI is $1,668, with MoM change +$18 and YoY change +$143 pointing to positive momentum while volatility is low (std $37).

Benchmark Markets Side by Side

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Metric
Base market Westwood, MI
Compare market Select a market
Delta vs base
Median rent
$1,668
N/A
Median price
$166,248
N/A
YoY change
+$143
N/A
Price-to-rent
8.3x
Data unavailable
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