The median home in Wayne, Michigan is valued at $167,137, up 1.3% year over year. Typical monthly rent is $1,210, producing a price-to-rent ratio of 11.5x — below the national average of 18x. Wayne is part of the Detroit-Warren-Dearborn, MI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$167,137

+1.3%

Rent$1,210/mo

Prices rising — worse for buyers.

Affordability

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Income (annual)

Down Payment

$33,427 on $167,137

Example: $75,000 household income. Change it above to see your own.

Affordable19.1% of income

Under the 28% guideline.

PITI$1,193

P/I19.1%

Afford$245K

Room+$78K

P&I $845Tax $214Ins $133

Buying $17/mo cheaper ($1,210 rent)6.50% 30yr, 20% down, county tax + MI ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Michigan

Compare Wayne with other housing markets across Michigan.

Lake Angelus$1.66M Leland$1.1M Orchard Lake$914K Franklin$845K Lake Leelanau$832K Kewadin$811K Lakeside$800K Northport$758K

Full Detroit-Warren-Dearborn, MI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Detroit-Warren-Dearborn, MI metro.

View Detroit-Warren-Dearborn, MI metro

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Wayne, MI