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Wayne County

Learn about the people, housing, costs and businesses in Wayne County County

Median Home$197,886
Median Rent$1,222/month
Population1,772,259
Leading IndustriesFinance & Insurance · Healthcare · Retail7% finance & insurance
Home Value Growth⬆⬆+15.9% over 2 years
Young Adults29% of residentsslightly above average
Homeowners65% of occupied units
NotableAmenity Score68/100 · highly walkable area
Wayne County
MI

Frequently Asked Questions

What are today's mortgage rates in Wayne County?

As of today, the 30-year fixed mortgage rate for Wayne County is approximately 7.172% (7.202% 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 Wayne County
What is the median home price in Wayne County?

The median home value in Wayne County is $198k. The median monthly rent is $1,222. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Wayne County?

Home values in Wayne County have increased 15.9% 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 Wayne County?

Based on a typical all-in ownership cost of $1,150/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 Wayne County is $69k/year.

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What industries drive the economy in Wayne County?

The largest employment sectors in Wayne County are public administration (22%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas