Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Wayne area can be challenging. Home prices in Wayne are now at a median cost of $108,097, lower than the Michigan average of $196,062.
The average cost of rent is $911/mo in Wayne, primarily driven by the current value of real estate in the Wayne area. While nearly 37.61% of residents own their homes outright in Wayne, 39.37% rent.
Housing affordability isn’t just about home prices, though. The average household income in Wayne is $4,297 per month. Households that rent pay about 21.20% of their income on rent here. Wayne's most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Westland, MI: higher priced homes
- Inkster, MI: less expensive homes
- Garden City, MI: higher priced homes
- Romulus, MI: higher priced homes
- Dearborn Heights, MI: higher priced homes
- Canton, MI: higher priced homes
- Taylor, MI: higher priced homes
- Belleville, MI: higher priced homes
- Livonia, MI: higher priced homes
- Plymouth, MI: higher priced homes
Cities with Similar Populations
- Chubbuck, ID: higher priced homes
- Three Lakes, FL: higher priced homes
- Thompsons Station, TN: higher priced homes
- Theodore, AL: higher priced homes
- Taylor, TX: higher priced homes
- Tanque Verde, AZ: higher priced homes
- Sunny Vista, CA: higher priced homes
- Summerfield, NC: higher priced homes
- Streator, IL: less expensive homes
- Concord, MO: higher priced homes
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