Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Wayland Union Schools

Learn about the people, housing, costs and businesses in Wayland Union Schools, Michigan

Median Home$291,394
Median Rent$1,249/month
Population24,386
Leading IndustriesRetail · Transportation · Manufacturing19% retail
Home Value Growth⬆⬆+12.8% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners86% of occupied units
NotableHigh Incomes$89k/year · top 26% nationally
Wayland Union Schools
MI

Explore Wayland Union Schools

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Wayland Union Schools?

As of today, the 30-year fixed mortgage rate for Wayland Union Schools is approximately 6.950% (6.988% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Wayland Union Schools
What is the median home price in Wayland Union Schools?

The median home value in Wayland Union Schools is $291k. The median monthly rent is $1,249. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Wayland Union Schools?

Home values in Wayland Union Schools have increased 12.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Wayland Union Schools?

Based on a typical all-in ownership cost of $1,143/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $49k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Wayland Union Schools is $89k/year.

Calculate your buying power
What industries drive the economy in Wayland Union Schools?

The largest employment sectors in Wayland Union Schools are retail (19%) and public administration (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.