Real Estate Price Maphome prices by county

Wayne County, MI home prices

Wayne County, MI: the typical home is worth $178,713 as of 2026-05, up +1.3% over the past year and +69.8% since 2000. Listings run about $126/sq ft…

Data as of · by the Real Estate Price Map data team · methodology & sources

Wayne County is cooling and undervalued — very affordable for what people here earn.

Momentum+1.3%Cooling
Valuation-29%Undervalued
Affordability9/10Very affordable
Market45 daysBalanced

Real Estate Price Map scores, derived from the data on this page · how we calculate them

1975: $24,312 → 2026: $178,713 (7.4×) pre-2000 estimated via FHFA index

Typical value$178,7132026-05
1-year+1.3%
5-year+23.4%
10-year+113.3%
Since 2000+69.8%
Population1.77M2024
Median income$57,4182023 · 3.1× income
Median rent$1,395/mo2026 · 9.4% gross yield
New homes/yr2,6292024
Price / sq ft$126listings
Days on market452026-06
Active listings4,3702026-06
Price cuts15%of listings

Market read

At $178,713, homes in Wayne County sit 22% below the Michigan median ($228,626) and 24% below the US median ($233,954). That ranks #71 of 83 Michigan counties by price.

Prices are holding steady (+1.3% in the last year) — a balanced market.

Homes here move at a steady pace — a median 45 days on the market, with 15% of listings cutting their asking price.

At 3.1× local income, that's more affordable than the typical US county (~3.8×).

Against the typical US price-to-income and price-to-rent, homes here look ~29% cheap for local incomes and rents — a relative bargain.

Buying looks cheaper than renting — ~$882/mo to buy (P&I, 20% down) vs $1,395/mo to rent.

Home value history

Zillow ZHVI, monthly from 2000 · recessions shaded. See the full 1975 history on the interactive map →

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Nearby counties

Oakland County, MI ($373,127) · Monroe County, MI ($269,118) · Washtenaw County, MI ($422,941) · Macomb County, MI ($273,048) · Livingston County, MI ($403,108) · Lucas County, OH ($178,791)

Frequently asked questions

What is the average home price in Wayne County, MI?
The typical home in Wayne County is worth $178,713 as of 2026-05, based on the Zillow Home Value Index.
Are home prices in Wayne County rising or falling?
Prices are up +1.3% over the past year and +69.8% since 2000 — a balanced market.
Is Wayne County affordable?
At 3.1× the local median income of $57,418, Wayne County is more affordable than the typical US county.
What is the rental yield in Wayne County?
Median rent is $1,395/mo — a gross rental yield of 9.4% on the typical home.
How fast do homes sell in Wayne County?
Homes here take a median of 45 days to sell, with 15% of listings cutting their asking price.
Median home value by year
YearMedian home value
2000$105,278
2001$116,961
2002$126,497
2003$131,860
2004$138,771
2005$143,054
2006$147,340
2007$145,825
2008$133,899
2009$88,560
2010$60,713
2011$51,686
2012$46,533
2013$50,667
2014$64,667
2015$71,276
2016$79,971
2017$87,785
2018$99,107
2019$111,002
2020$119,456
2021$134,203
2022$149,669
2023$156,249
2024$165,151
2025$174,276
2026$178,900