Wayne, Michigan.
Typical home $171,523 (+0.3% in a year), asking rent $1,166 (+6.0%). Detroit-Warren-Dearborn, MI metro.
to buy the typical home at today's mortgage rate — +$505 (+128%) since Jan 2020.
- 1 year
- Up $564 +0%
- $170,959$171,523 since Sep 2025
- 5 years
- Up $35,285 +26%
- $136,238$171,523 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Wayne$900
- Michigan$1,384
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 15 years.
Typical home values in Wayne, MI rose 0.3% over the past year — slower than the nation's +1.2%.
Asking rents in Wayne, MI rose 6.0% over the past year — faster than the nation's +2.7%.
Owning the typical home in Wayne runs $150/mo more than renting one. The gap peaked at $213 in Jun 2025.
That is $1,316 a month against $1,166 rent: a $900 mortgage payment, plus $233 property tax and $184 insurance & upkeep.
Owning vs renting — Wayne
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$1,316
- Renting$1,166
- Mortgage only$900
Property tax · $233/mo 1.63% of value a year — the ACS 2020-2024 median bill over the median home value for Wayne County, MI
Insurance & upkeep · $184/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Wayne, Wayne County, Michigan
Wayne is a city of 17,713 people in Wayne County. Half its households earn more than $59,038 a year and half less, against $60,539 across Wayne County; 16% of its people live below the poverty line. 61% of its homes are lived in by their owners and 39% are rented. Unemployment in Wayne County was 6.9% in August 2026, and the county had 0.6% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Wayne is a small city in Wayne County, with a population on the older side of the typical American town. Most homes are lived in by their owners, and typical home values and rents sit at a moderate level. Household incomes run a little below the county's, and fewer adults hold a four-year degree than in many places. Winters are cold and snowy, with January the coldest month, and summers turn warm in July, with a fair amount of rain and melted snow through the year.
Work. Many residents work in schools, hospitals and social care, with manufacturing, shops and professional and business services also employing a good share. Among the largest workplaces in Wayne are Ford Motor Company, Corewell Health Wayne and Wayne RESA Schools. Unemployment in Wayne County has risen over the past year, and the county has seen a slight dip in the number of jobs. A typical commute is a moderate one, and some residents work from home.
Things to do. The Henry Ford and the Automotive Hall of Fame are museums a short drive away, both good for anyone curious about the story of the car. For a longer outing, the Detroit Institute of Arts is a major art museum, and Comerica Park is a baseball stadium in the city. All of these sit within the Detroit area, so a day trip can combine more than one.
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- 7,193households
- 18%of adults have a degree
- 16%below the poverty line
- 27 mintypical commute
- 9%work from home
What residents work in
Employed residents by industry, from the Census survey. Wayne County had 721,389 jobs in 2025, 0.6% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 32° and lows near 19°; warmest in July, with highs near 84° and lows near 64°. About 45 inches of snow and 34 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Detroit Metro Airport weather station, 4 miles away (NOAA).
Largest workplaces in Wayne
- Ford Motor CompanyAutomotive manufacturing5,875
- Corewell Health WayneGeneral hospital910FTE
- Wayne RESA SchoolsSchool district272FTE
- Precision Vehicle Logistics - MAPCar pools, arrangement of202
- LeadecBuilding cleaning services, janitorial186
- AtkoreMetal stampings, unfinished, manufacturing154
- Federated LogisticsGeneral freight trucking, local126
- Republic ServicesGarbage hauling, local120
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 22 workplaces with 20 or more staff, 8,402 people in all. Hospitals come from their Medicare cost reports (CMS, 2023) and school districts from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Cold wavesrelatively high in parts of WayneRelatively moderate
- Heat wavesRelatively moderate
- Strong windRelatively moderate
- TornadoesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Wayne’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Wayne County and the Detroit-Warren-Dearborn, MI metro.
Wayne home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Wayne$171,523
- Michigan$263,760
- United States$366,157
Sellers are cutting prices on about 1 in 3 Wayne listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Wayne29.49%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Wayne33
New listings per month
Sellers arriving at the market.
- Wayne15
Zip codes with a Wayne address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Wayne — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.