In Wayne, a typical home is worth $157,800 and typical rent is $974 a month. Compared with all of Wayne County, typical rent is 14% lower and the typical home value is 12% lower.
Typical home value from Zillow, September 2021 to September 2026: from $136,238 to $171,523.
Typical rent
$1,166a month
▲ 6% more than 12 months ago
Typical rent from Zillow, June 2025 to September 2026: from $1,095 to $1,166.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Wayne 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 this place has that others do not, from public data, most unusual first.
1
Nearby, in Inkster, the typical home value is $80,400: 49% less than in Wayne ($157,800).
2
According to Zillow, in the 12 months to September 2026 the typical home value in Wayne barely changed; in Michigan, it rose 3.8%.
Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data
The homes here
Housing in Wayne
What homes there are in Wayne, 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
Wayne
Wayne County
Michigan
United States
Kind of home: Wayne and its comparisons
Measure
Wayne
Wayne County
Michigan
United States
Detached house
65%
70%
72%
61%
Attached house
7%
6%
5%
6%
Building of 2 to 4
8%
7%
5%
8%
Apartments (5 or more)
21%
16%
13%
19%
Mobile home
Unreliable estimate
2%
5%
6%
Boat, RV and other
Unreliable estimate
0%
0%
0%
In Wayne, 6 in 10 homes are single-family detached houses; in Wayne County, 7.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Wayne
Wayne County
Michigan
United States
Year built: Wayne and its comparisons
Measure
Wayne
Wayne County
Michigan
United States
Before 1960
56%
59%
36%
26%
1960–1979
31%
21%
26%
24%
1980–1999
10%
11%
22%
25%
2000–2009
Unreliable estimate
6%
10%
14%
2010 or later
Unreliable estimate
3%
6%
11%
In Wayne, half of the homes were built before 1958; in Wayne County, before 1956.
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 $100K20%
$100K–$200K56%
$200K–$300K19%
$300K–$500K3%
$500K–$750KUnreliable
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Wayne and its comparisons
Measure
Wayne
Under $100K
20%
$100K–$200K
56%
$200K–$300K
19%
$300K–$500K
3%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
With an FHA limit of $541,287, at least 98% of owner-occupied homes in Wayne sit below it: they are worth less than $500,000.
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99943%
$1,000–$1,49939%
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Wayne and its comparisons
Measure
Wayne
Under $500
Unreliable estimate
$500–$999
43%
$1,000–$1,499
39%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable estimate
With a mortgage
$1,214 a month
Wayne County: $1,556 a month
Without a mortgage
$583 a month
Wayne County: $612 a month
Owners with a mortgage
65%
Wayne County: 52%
Owning costs less in Wayne: with a mortgage, the typical cost is $1,214 a month; in Wayne County, $1,556. Without one, $583.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Wayne+85%
Wayne County+58%
Michigan+50%
United States+53%
Typical rent
Wayne+28%
Wayne County+29%
Michigan+30%
United States+33%
Typical household income
Wayne+26%
Wayne County+28%
Michigan+28%
United States+29%
Change since 2015–2019: Wayne and its comparisons
Measure
Wayne
Wayne County
Michigan
United States
Typical home value
+85%
+58%
+50%
+53%
Typical rent
+28%
+29%
+30%
+33%
Typical household income
+26%
+28%
+28%
+29%
Since 2015–2019, homes in Wayne gained value faster than in Wayne County: 85% against 58%.
Rents in Wayne rose at about the same pace as in Wayne County: 28% since 2015–2019, against 29%.
To compare: typical income in Wayne rose 26%; the home, +85%; the rent, +28%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Wayne and its comparisons
Measure
Wayne
Wayne County
Michigan
United States
Rental vacancy
Unreliable estimate
4.6%
5.1%
5.5%
Homeowner vacancy
Unreliable estimate
1.5%
0.8%
0.9%
More than one person per room
Unreliable estimate
2.2%
1.6%
3.4%
People per household
2.37
2.50
2.42
2.53
Drive alone
80%
72%
74%
69%
Carpool
7%
9%
8%
9%
Public transit
Unreliable estimate
2%
1%
3%
Walk or bike
Unreliable estimate
2%
2%
3%
Work from home
9%
14%
14%
15%
Other means
2%
2%
1%
2%
Typical commute
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
Households in Wayne are smaller: 2.37 people on average; in Wayne County, 2.50.
To get to work, 80% of workers in Wayne drive alone; in Wayne County, 72%.
Do the math
What would you pay each month for a home in Wayne?
A typical home is tight for the typical income
We start with a typical home in Wayne, worth $157,800, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 29% of the typical household income in Wayne, which is $59,038 a year. For that payment to be 28% of income, a household would need to earn about $60,205 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 Wayne. 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 $5,523 (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
$1,405
at 7.18% · 30 years
Loan amount
$154,942
Total interest
$222,925
Paid off in
November 2056
Includes $2,665 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,378 a month
Tight
$1,378 to $1,771 a month
Your payment · 29%
Hard
more than $1,771 a month
Compared with the typical household income in Wayne ($59,038 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,050
Property tax
$220
Home insurance
$66
FHA mortgage insurance (MIP)
$70
You need at least $5,523 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 $1,405; principal and interest $1,050.
The city and its county
Wayne and Wayne County
Wayne 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).
Wayne
Map of Wayne County, Michigan, with Wayne marked. Around it, the neighboring counties.
Wayne
Wayne County
Other cities with a page
Wayne's own numbers
Typical home value
$157,800
Typical monthly rent
$974
Typical yearly household income
$59,038
Households that own their home
61%
Effective property tax rate
1.67%
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 Wayne is worth $157,800: 12% below the county and 32% below Michigan. With the typical household income in Wayne ($59,038 a year), a typical home costs 2.7 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.
Wayne2.7 years
County2.9 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
Wayne 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
Wayne$157,800
County$178,500
Michigan$231,600
United States$332,700
Typical monthly rent
Wayne$974
County$1,132
Michigan$1,129
United States$1,413
Typical yearly household income
Wayne$59,038
County$60,539
Michigan$72,875
United States$80,734
See the full table
Wayne next to Wayne County and Michigan
Measure
Wayne
Wayne County
Michigan
U.S.
Typical home value
$157,800 ▼12% below the county
$178,500
$231,600
$332,700
Typical monthly rent
$974 ▼14% below the county
$1,132
$1,129
$1,413
Typical yearly household income
$59,038 ▼2% below the county
$60,539
$72,875
$80,734
Households that own their home
61% ▼4 points below the county
65%
73%
65%
Typical yearly property tax
$2,633 ▼9% below the county
$2,904
$2,904
$3,119
Effective property tax rate
1.67% ▲0.04 points above the county
1.63%
1.25%
0.94%
Renters with high rent for their income
55% ▲1 points above 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 Wayne
For a typical $157,800 home in Wayne, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Wayne's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,405a month
Least cash to close
Down payment
$5,523
Cash to close
$10,257
Rate
7.18%
Mortgage insurance
FHA MIP · $70
Conventional, 5% down$1,376a month
Down payment
$7,890
Cash to close
$12,624
Rate
7.18%
Mortgage insurance
PMI · $75
Conventional, 20% down, no PMI$1,141a month
Down payment
$31,560
Cash to close
$36,294
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,286a month
Down payment
$23,670
Cash to close
$28,404
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Wayne
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,405
$5,523
$154,942
7.18%
FHA MIP · $70
$10,257
580
Conventional, 5% down
$1,376
$7,890
$149,910
7.18%
PMI · $75
$12,624
620*
Conventional, 20% down, no PMI
$1,141
$31,560
$126,240
7.18%
None
$36,294
620*
ITIN, 15% down (example)
$1,286
$23,670
$134,130
8.18%
None
$28,404
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 Wayne is $974 a month: 14% below the county. In Wayne, 55% 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.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Wayne County (Fiscal year 2027)
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 Wayne
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Wayne is in ZIP code 48184.
For 2 bedrooms it is $1,190: $269 less than the fair market rent for Wayne County ($1,459).
Fair market rent by ZIP code and size in Wayne, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
48184
$850
$950
$1,190
$1,450
$1,570
ZIP code2 bd3 bd
48184 $1,190$1,450
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Wayne 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 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 4 buildings with rents for lower incomes in Wayne. These are the largest.
Westchester Towers35700 E Michigan Ave, Wayne 48184223 low-income homes · Studio: 3 · 1 bd: 144 · 2 bd: 76 · In service since 2002
Hickory Hollow Cooperative I & II5720 W Hickory Hollow St, Wayne 48184267 homes, 95 low-income · For families(734) 729-7262
Tae-Keuk Village3712 Williams St, Wayne 4818480 homes, 79 low-income · For older adults(734) 729-7920
Scattered Sites34511 Glenwood Rd, Wayne 4818476 low-income homes · Run by Wayne Housing Commission · Average payment: $427 a month · Average wait: 71 months · Homes at several sites(734) 721-8602
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 Wayne or Wayne County. The ones below are statewide in Michigan: they work in Wayne 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 Wayne 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 Wayne 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 Wayne?
The typical home value in Wayne is $157,800, 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 Wayne?
Typical rent in Wayne is $974 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 Wayne?
Wayne 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 Wayne?
The typical homeowner in Wayne pays $2,633 a year, according to the U.S. Census Bureau. That is 1.67% of the home’s value; in Wayne County, the rate is 1.63%.
Where can I find free help to buy or rent in Wayne?
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.
