In Taylor, a typical home is worth $152,600 and typical rent is $1,101 a month. Compared with all of Wayne County, the typical home value is 15% lower.
Typical home value from Zillow, September 2021 to September 2026: from $142,177 to $175,476.
Typical rent
$1,518a month
▲ 0.9% more than 12 months ago
Typical rent from Zillow, June 2022 to September 2026: from $1,265 to $1,518.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Taylor 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
What homes there are in Taylor, 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
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Taylor
Wayne County
Michigan
United States
Kind of home: Taylor and its comparisons
Measure
Taylor
Wayne County
Michigan
United States
Detached house
73%
70%
72%
61%
Attached house
6%
6%
5%
6%
Building of 2 to 4
4%
7%
5%
8%
Apartments (5 or more)
14%
16%
13%
19%
Mobile home
3%
2%
5%
6%
Boat, RV and other
Unreliable estimate
0%
0%
0%
Detached houses, standing on their own, make up 73% of homes here, against 70% in Wayne County.
Year built
Before 19601960–19791980–19992000–20092010 or later
Taylor
Wayne County
Michigan
United States
Year built: Taylor and its comparisons
Measure
Taylor
Wayne County
Michigan
United States
Before 1960
43%
59%
36%
26%
1960–1979
40%
21%
26%
24%
1980–1999
9%
11%
22%
25%
2000–2009
6%
6%
10%
14%
2010 or later
2%
3%
6%
11%
The typical home in Taylor was built in 1963, 7 years after the typical one in Wayne County.
In Taylor, 67% of homes have 3 bedrooms or more, about the same as in Wayne County.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K19%
$100K–$200K57%
$200K–$300K20%
$300K–$500K4%
$500K–$750KUnreliable
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Taylor and its comparisons
Measure
Taylor
Under $100K
19%
$100K–$200K
57%
$200K–$300K
20%
$300K–$500K
4%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
With an FHA limit of $541,287, at least 99% of owner-occupied homes in Taylor sit below it: they are worth less than $500,000.
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99931%
$1,000–$1,49943%
$1,500–$1,99913%
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Taylor and its comparisons
Measure
Taylor
Under $500
Unreliable estimate
$500–$999
31%
$1,000–$1,499
43%
$1,500–$1,999
13%
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
With a mortgage
$1,254 a month
Wayne County: $1,556 a month
Without a mortgage
$534 a month
Wayne County: $612 a month
Owners with a mortgage
56%
Wayne County: 52%
Owning costs less in Taylor: with a mortgage, the typical cost is $1,254 a month; in Wayne County, $1,556. Without one, $534.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Taylor+59%
Wayne County+58%
Michigan+50%
United States+53%
Typical rent
Taylor+25%
Wayne County+29%
Michigan+30%
United States+33%
Typical household income
Taylor+22%
Wayne County+28%
Michigan+28%
United States+29%
Change since 2015–2019: Taylor and its comparisons
Measure
Taylor
Wayne County
Michigan
United States
Typical home value
+59%
+58%
+50%
+53%
Typical rent
+25%
+29%
+30%
+33%
Typical household income
+22%
+28%
+28%
+29%
Much as in Wayne County, the typical home value in Taylor rose 59% since 2015–2019.
Rents in Taylor rose more slowly than in Wayne County: 25% since 2015–2019, against 29%.
Housing prices ran ahead of income in Taylor: typical income rose 22%, against +59% for home values and +25% for rent.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Taylor and its comparisons
Measure
Taylor
Wayne County
Michigan
United States
Rental vacancy
5.8%
4.6%
5.1%
5.5%
Homeowner vacancy
Unreliable estimate
1.5%
0.8%
0.9%
More than one person per room
2.1%
2.2%
1.6%
3.4%
People per household
2.44
2.50
2.42
2.53
Drive alone
80%
72%
74%
69%
Carpool
6%
9%
8%
9%
Public transit
Unreliable estimate
2%
1%
3%
Walk or bike
3%
2%
2%
3%
Work from home
10%
14%
14%
15%
Other means
1%
2%
1%
2%
Typical commute
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
There is more rental housing open in Taylor: 5.8% is empty and offered for rent, against 4.6% in Wayne County.
In Taylor, 2.1% of households live with more than one person per room, about the same as in Wayne County.
By size, households in Taylor look like those in Wayne County: 2.44 people on average.
To get to work, 80% of workers in Taylor drive alone; in Wayne County, 72%.
Do the math
What would you pay each month for a home in Taylor?
A typical home is within reach of the typical income
We start with a typical home in Taylor, worth $152,600, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 27% of the typical household income in Taylor, which is $61,081 a year.
The calculator's FHA and conventional loan limits are those of all of Wayne County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Taylor. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $5,341 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,362
at 7.18% · 30 years
Loan amount
$149,836
Total interest
$215,579
Paid off in
November 2056
Includes $2,577 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,425 a month
Your payment · 27%
Tight
$1,425 to $1,832 a month
Hard
more than $1,832 a month
Compared with the typical household income in Taylor ($61,081 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,015
Property tax
$216
Home insurance
$64
FHA mortgage insurance (MIP)
$67
You need at least $5,341 for the down payment, plus closing costs.
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.
Total monthly payment $1,362; principal and interest $1,015.
The city and its county
Taylor and Wayne County
Taylor 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).
Taylor
Map of Wayne County, Michigan, with Taylor marked. Around it, the neighboring counties.
Taylor
Wayne County
Other cities with a page
Taylor's own numbers
Typical home value
$152,600
Typical monthly rent
$1,101
Typical yearly household income
$61,081
Households that own their home
67%
Effective property tax rate
1.7%
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.
A typical home in Taylor is worth $152,600: 15% below the county and 34% below Michigan. With the typical household income in Taylor ($61,081 a year), a typical home costs 2.5 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.
Taylor2.5 years
Wayne2.9 years
Michigan3.2 years
United States4.1 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.
Yearly change in FHFA’s price index in Wayne County, 2016 to 2025
2016: +5.9% +5.9% 2016
2017: +7.1% +7.1% 2017
2018: +6.8% +6.8% 2018
2019: +4.7% +4.7% 2019
2020: +3.7% +3.7% 2020
2021: +11.3% +11.3% 2021
2022: +12.0% +12.0% 2022
2023: +6.5% +6.5% 2023
2024: +7.0% +7.0% 2024
2025: +5.3% +5.3% 2025
Change in FHFA’s price index in Wayne County, Michigan and the United States
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
Taylor 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
Taylor$152,600
Wayne$178,500
Michigan$231,600
United States$332,700
Typical monthly rent
Taylor$1,101
Wayne$1,132
Michigan$1,129
United States$1,413
Typical yearly household income
Taylor$61,081
Wayne$60,539
Michigan$72,875
United States$80,734
See the full table
Taylor next to Wayne County and Michigan
Measure
Taylor
Wayne County
Michigan
U.S.
Typical home value
$152,600 ▼15% below the county
$178,500
$231,600
$332,700
Typical monthly rent
$1,101 ▼3% below the county
$1,132
$1,129
$1,413
Typical yearly household income
$61,081
$60,539
$72,875
$80,734
Households that own their home
67% ▲2 points above the county
65%
73%
65%
Typical yearly property tax
$2,596 ▼11% below the county
$2,904
$2,904
$3,119
Effective property tax rate
1.7% ▲0.07 points above the county
1.63%
1.25%
0.94%
Renters with high rent for their income
45% ▼10 points below the county
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 Taylor
For a typical $152,600 home in Taylor, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Taylor's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,362a month
Least cash to close
Down payment
$5,341
Cash to close
$9,919
Rate
7.18%
Mortgage insurance
FHA MIP · $67
Conventional, 5% down$1,334a month
Down payment
$7,630
Cash to close
$12,208
Rate
7.18%
Mortgage insurance
PMI · $72
Conventional, 20% down, no PMI$1,107a month
Down payment
$30,520
Cash to close
$35,098
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,248a month
Down payment
$22,890
Cash to close
$27,468
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Taylor
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,362
$5,341
$149,836
7.18%
FHA MIP · $67
$9,919
580
Conventional, 5% down
$1,334
$7,630
$144,970
7.18%
PMI · $72
$12,208
620*
Conventional, 20% down, no PMI
$1,107
$30,520
$122,080
7.18%
None
$35,098
620*
ITIN, 15% down (example)
$1,248
$22,890
$129,710
8.18%
None
$27,468
Set by the lender
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.
Typical rent in Taylor is $1,101 a month: 3% below the county. In Taylor, 45% 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.
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.
No down payment, repair or rent-help program on our list is for Taylor or Wayne County. The ones below are statewide in Michigan: they work in Taylor the same as in the rest of the state.
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).
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).
No legal help resource on our list is for Taylor or Wayne County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Taylor 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 Taylor?
The typical home value in Taylor is $152,600, 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 Taylor?
Typical rent in Taylor is $1,101 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 Taylor?
Taylor 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 Taylor?
The typical homeowner in Taylor pays $2,596 a year, according to the U.S. Census Bureau. That is 1.7% of the home’s value; in Wayne County, the rate is 1.63%.
Where can I find free help to buy or rent in Taylor?
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.
