Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Wayne State area can be challenging. Home prices in Wayne State are now at a median cost of $223,330, higher than the Detroit average of $215,900.
The average cost of rent is $907/mo in Wayne State, primarily driven by the current value of real estate in the Wayne State area. While nearly 47.18% of residents own their homes outright in Wayne State, 78.44% rent.
Housing affordability isn’t just about home prices, though. The average household income in Wayne State is $2,722 per month. Households that rent pay about 33.31% of their income on rent here. Wayne State's most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern parts of the neighborhood.
Nearby Neighborhoods
- Midtown-Detroit, Detroit, MI: higher priced homes
- New Center, Detroit, MI: equally priced homes
- Boston Edison, Detroit, MI: less expensive homes
- Core City, Detroit, MI: less expensive homes
- Woodbridge, Detroit, MI: higher priced homes
- Chene, Detroit, MI: less expensive homes
- Downtown Detroit, Detroit, MI: higher priced homes
- Lafayette Park, Detroit, MI: less expensive homes
- Downtown Hamtramck, Hamtramck, MI: less expensive homes
- Durfee, Detroit, MI: less expensive homes
Neighborhoods with Similar Populations
- Malba, Queens, NY: higher priced homes
- Douglas Acres, Des Moines, IA: less expensive homes
- Seven Eagles, Charlotte, NC: higher priced homes
- Bowie, Lubbock, TX: less expensive homes
- Holden-Parramore, Orlando, FL: equally priced homes
- Oak Park, Des Moines, IA: less expensive homes
- Merriwood, Oakland, CA: higher priced homes
- Pioneer Park, Des Moines, IA: less expensive homes
- Pleasant Acres, New Milford, NJ: higher priced homes
- Rountree, Springfield, MO: less expensive homes
All Local Stats
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