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City · 10,340 residents · Wayne County, Michigan

Flat Rock , Michigan

In Flat Rock, a typical home is worth $228,800 and typical rent is $919 a month. Compared with all of Wayne County, typical household income is 35% higher, the typical home value is 28% higher, and the share of households that own their home is 18 points higher.

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  • Typical home value

    $228,800

    28% above the county

    About the same as Michigan

    • Flat Rock
    • Wayne
    • Michigan

  • Typical rent

    $919a month

    19% below the county

    19% below Michigan

    • Flat Rock
    • Wayne
    • Michigan

  • Typical household income

    $81,585a year

    35% above the county

    12% above Michigan

    • Flat Rock
    • Wayne
    • Michigan

  • Households that own their home

    83%

    18 points above the county

    10 points above Michigan

    • Flat Rock
    • Wayne
    • Michigan

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$264,253
4.5% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Flat Rock is in Wayne County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Wayne County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Flat Rock apart

What this place has that others do not, from public data, most unusual first.

  1. 83% of households in Flat Rock own their home, against 65% in Wayne County.

  2. Nearby, in Taylor, the typical home value is $152,600: 33% less than in Flat Rock ($228,800).

  3. The typical household income in Flat Rock is $81,585, 35% more than in Wayne County as a whole ($60,539).

  4. The typical home in Flat Rock is worth $228,800, 28% more than in Wayne County as a whole ($178,500).

  5. The typical rent in Flat Rock is $919 a month, 19% less than in Wayne County as a whole ($1,132).

  6. Flat Rock has the 17th smallest share of rent-burdened renters of the 168 cities in Michigan with more than 5,000 people (38%).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Flat Rock

What homes there are in Flat Rock, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is still the most common home in Flat Rock, but it weighs less than in Wayne County: 65% against 70%.

There are more mobile homes here than in Wayne County: 19% of homes, against 2%.

Year built

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

With an FHA limit of $541,287, at least 98% of owner-occupied homes in Flat Rock sit below it: they are worth less than $500,000.

Monthly rent with utilities

With a mortgage

$1,826 a month

Wayne County: $1,556 a month

Without a mortgage

$738 a month

Wayne County: $612 a month

Owners with a mortgage

63%

Wayne County: 52%

The typical cost for an owner with a mortgage in Flat Rock is $1,826 a month, more than in Wayne County ($1,556); without one, $738.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Homes in Flat Rock gained value more slowly than in Wayne County: 52% since 2015–2019, against 58%.

The typical rent in Flat Rock stayed about the same over that time: the difference is within the Census margin of error.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureFlat RockWayne CountyMichiganUnited States
Rental vacancy Unreliable estimate4.6%5.1%5.5%
Homeowner vacancy Unreliable estimate1.5%0.8%0.9%
More than one person per room Unreliable estimate2.2%1.6%3.4%
People per household 2.632.502.422.53
Drive alone 79%72%74%69%
Carpool 11%9%8%9%
Public transit Unreliable estimate2%1%3%
Walk or bike Unreliable estimate2%2%3%
Work from home 9%14%14%15%
Other means Unreliable estimate2%1%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

Households in Flat Rock are bigger: 2.63 people on average; in Wayne County, 2.50.

To get to work, 79% of workers in Flat Rock drive alone; in Wayne County, 72%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Flat Rock?

A typical home is tight for the typical income

We start with a typical home in Flat Rock, worth $228,800, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 32% of the typical household income in Flat Rock, which is $81,585 a year. For that payment to be 28% of income, a household would need to earn about $93,095 a year.

The calculator's FHA and conventional loan limits are those of all of Wayne County.

Your numbers

Local data
$

Starts at the typical home value in Flat Rock. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $8,008 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,172

at 7.18% · 30 years

Loan amount
$224,656
Total interest
$323,227
Paid off in
November 2056

Includes $3,864 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,904 a month

  • Tight

    $1,904 to $2,448 a month

    Your payment · 32%

  • Hard

    more than $2,448 a month

Compared with the typical household income in Flat Rock ($81,585 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,172
Principal & interest$1,522
Property tax$454
Home insurance$95
FHA mortgage insurance (MIP)$101

You need at least $8,008 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Flat Rock and Wayne County

Flat Rock is in Wayne County, Michigan. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Flat Rock's own numbers

Typical home value
$228,800
Typical monthly rent
$919
Typical yearly household income
$81,585
Households that own their home
83%
Effective property tax rate
2.38%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Wayne County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,459
Price change over 5 years (FHFA)
+49%
Homes in a high flood-risk zone
2%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Wayne County.

Everything about Wayne County

Buying

Buying a home in Flat Rock

A typical home in Flat Rock is worth $228,800: 28% above the county and about the same as Michigan. With the typical household income in Flat Rock ($81,585 a year), a typical home costs 2.8 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Flat Rock 2.8 years
  • Wayne 2.9 years
  • Michigan 3.2 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Wayne County

According to FHFA’s house price index, home prices in Wayne County rose 97% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Wayne County.

Period County Michigan U.S.
Last year (2025) +5.3% +4.7% +2.9%
5 years (2020–2025) +49% +52% +47%
10 years (2015–2025) +97% +97% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Flat Rock next to Wayne County, Michigan and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Flat Rock $228,800
  • Wayne $178,500
  • Michigan $231,600
  • United States $332,700
Typical monthly rent
  • Flat Rock $919
  • Wayne $1,132
  • Michigan $1,129
  • United States $1,413
Typical yearly household income
  • Flat Rock $81,585
  • Wayne $60,539
  • Michigan $72,875
  • United States $80,734
See the full table
Flat Rock next to Wayne County and Michigan
Measure Flat Rock Wayne County Michigan U.S.
Typical home value $228,800 $178,500 $231,600 $332,700
Typical monthly rent $919 $1,132 $1,129 $1,413
Typical yearly household income $81,585 $60,539 $72,875 $80,734
Households that own their home 83% 65% 73% 65%
Typical yearly property tax $5,455 $2,904 $2,904 $3,119
Effective property tax rate 2.38% 1.63% 1.25% 0.94%
Renters with high rent for their income 38% 54% 50% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Wayne County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Flat Rock

For a typical $228,800 home in Flat Rock, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Flat Rock's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,172a month

    Least cash to close
    Down payment
    $8,008
    Cash to close
    $14,872
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $101

  • Conventional, 5% down $2,130a month

    Down payment
    $11,440
    Cash to close
    $18,304
    Rate
    7.18%
    Mortgage insurance
    PMI · $109

  • Conventional, 20% down, no PMI $1,789a month

    Down payment
    $45,760
    Cash to close
    $52,624
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,001a month

    Down payment
    $34,320
    Cash to close
    $41,184
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Flat Rock and for Wayne County.

Property tax

Effective rate in Flat Rock

2.38%of the home’s value each year

$5,455 a year for the typical owner in Flat Rock.

  • Flat Rock 2.38%
  • Wayne 1.63%
  • Michigan 1.25%

What Michigan publishes Principal Residence Exemption (PRE) from school operating tax (Michigan Legislature (Michigan Compiled Laws))

Exemptions and deadlines in Michigan

Flood risk in Wayne County

FEMA does not publish these numbers by city: they are for all of Wayne County.

Homes in the high-risk zone
2%
12,730
Of those, with NFIP insurance
22%
County Michigan U.S.
Homes in the high-risk zone 2% 1.6% 3.5%
Of those, with NFIP insurance 22% 18% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Flat Rock

Typical rent in Flat Rock is $919 a month: 19% below the county. In Flat Rock, 38% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Wayne County, by unit size. To pay the 2-bedroom one ($1,459 a month) without spending more than 30% of your income, you would need to earn $28.06 an hour working full time.

HUD fair market rent for all of Wayne County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,047 $20.13 $41,880
1 bedroom $1,167 $22.44 $46,680
2 bedrooms $1,459 $28.06 $58,360
3 bedrooms $1,777 $34.17 $71,080
4 bedrooms $1,929 $37.10 $77,160

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Flat Rock

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Flat Rock is in ZIP code 48134.

For 2 bedrooms it is $1,370: $89 less than the fair market rent for Wayne County ($1,459).

  • 48134 $1,370$1,670

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Flat Rock when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Flat Rock

HUD lists 4 buildings with rents for lower incomes in Flat Rock. These are the largest.

  • Walnut Creek Apartments 28475 Walnut Crk, Flat Rock 48134 128 low-income homes · For families
  • Silver Creek Apts 25617 Valley Creek Dr, Flat Rock 48134 112 low-income homes · 1 bd: 18 · 2 bd: 64 · 3 bd: 30 · In service since 1999
  • Flat Rock Tower 28744 Telegraph Rd, Flat Rock 48134 96 homes, 95 low-income · For older adults (734) 783-3772
  • Waters Edge of Flat Rock 27055 Riverside St, Flat Rock 48134 88 low-income homes · For families (734) 782-4385

See all 448 buildings in Wayne County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Flat Rock

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 18 HUD-approved agencies with an office in Wayne County; 4 say they serve in Spanish.

An older woman smiles in front of her apartment building.

HUD counseling is free or low-cost

Assistance programs in Flat Rock

No down payment, repair or rent-help program on our list is for Flat Rock or Wayne County. The ones below are statewide in Michigan: they work in Flat Rock the same as in the rest of the state.

Which programs do I qualify for? All programs in Michigan

  • MI 10K DPA Loan

    Statewide in Michigan

    Michigan state agency loan of up to $10,000, with no interest and no monthly payments, for the down payment, closing costs and prepaid expenses; it goes with MSHDA's MI Home Loan mortgage and is repaid in certain cases, such as when you pay off the first mortgage, sell or refinance the home, or no longer live in it. Offered by Michigan State Housing Development Authority (MSHDA).

    Deferred

    See the program Official page

  • Mortgage Credit Certificate (MCC)

    Statewide in Michigan

    Michigan state authority certificate that lets you take 20% of the interest you pay each year on your mortgage off your federal taxes, for the life of the loan; you apply with an approved lender before you buy. Offered by Michigan State Housing Development Authority (MSHDA).

    Tax credit

    See the program Official page

Housing counselors near Flat Rock

The HUD-approved agencies closest to the center of Flat Rock, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Foundation for Pops

    17500 Dix Rd, Melvindale · 14 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 9 more
    (833) 767-7111

  • Monroe County Opportunity Program

    1140 S Telegraph Rd, Monroe · 15 miles away

    • Mortgage delinquency and default
    • Budget and credit workshops
    • and 5 more
    (734) 241-2775

  • National Faith Homebuyers

    5460 W Fort St, Detroit · 17 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 9 more
    (313) 255-9500

Every agency in Wayne County All counseling agencies in Michigan

Help in Spanish near Flat Rock

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Flat Rock

In HUD’s record, no housing authority with an office in Wayne County is named for Flat Rock or Wayne County.

17 other authorities have an office in Wayne County: see the list Source: HUD

Cities

Other cities in Wayne County

These cities are also in Wayne County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Wayne County Housing in Michigan
See 17 more cities in Wayne County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Flat Rock, with the typical home value.

Neighboring counties

If Wayne County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Flat Rock.

All guides
Three women of one family talk as they cook vegetables in the kitchen.

Questions

Housing questions about Flat Rock

Short answers with the numbers for Flat Rock and all of Wayne County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Flat Rock?

The typical home value in Flat Rock is $228,800, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Wayne County it is $178,500.

How much does it cost to rent in Flat Rock?

Typical rent in Flat Rock is $919 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Wayne County is $1,459.

What is the FHA loan limit in Flat Rock?

Flat Rock uses the FHA limit for all of Wayne County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Flat Rock?

The typical homeowner in Flat Rock pays $5,455 a year, according to the U.S. Census Bureau. That is 2.38% of the home’s value; in Wayne County, the rate is 1.63%.

Where can I find free help to buy or rent in Flat Rock?

There are 18 HUD-approved counseling agencies with an office in Wayne County. 4 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).