Wayne County
Michigan · Pop. 1,761,382
Ranked #40 of 200 counties
52Moderate
Median Home Price
🏠$180K
5.0% YoY
Median Rent
🔑$1,100
Median Income
💰$45K
Rent Burden
📊32.5%
% of income to rent
Housing Shortage
🏗️25,000
estimated unit deficit
Building Permits (2024)
📋5,200
Price-to-Income Ratio
⚖️4.0x
Homeownership Rate
🏡56.0%
How Wayne County Compares
| Metric | Wayne County | Michigan | National |
|---|---|---|---|
| Home Price | $180K | $236K | $410K |
| Rent | $1,100 | $1,101 | $1,500 |
| Income | $45K | $69K | $75K |
| Rent Burden | 32.5% | 30.0% | 30.0% |
| Homeownership | 56.0% | 74.0% | 65.0% |
Key Takeaways
- • Home prices are 56% below the national average.
- • Rent is 27% below the national average.
- • The county has an estimated housing shortage of 25,000 units.
- • 5,200 building permits were issued in 2024.
- • Year-over-year home prices changed by 5.0%.