Wayne County, MI real estate

What the numbers say

Wayne County, MI real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

In September 2026, the median home in Wayne County listed for $163,875, up 2.5% from a year earlier. That is 45% below the Michigan median of $299,900.

Homes spent a median of 47 days on the market, slower than 43 days a year ago. That makes Wayne County the #23 fastest-selling of 34 Michigan counties we track.

Homeowners in Wayne County pay a median of $2,904 a year in property taxes on a median home value of $178,500, an effective rate of about 1.63%. The Michigan average is 1.25%, which makes Wayne County the #82 lowest-tax of 83 counties in the state with published tax data.

Renters pay a median of $1,132 a month, and $1,144 for a two-bedroom. At today's prices a typical home costs about 12 times a year's rent, which generally favors buying.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $164,000 home here comes to about $1,184 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $51,000 a year (the median household here earns $60,539).