Housing in Wayne, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$154,400
Median List Price
$175,000
Price Per Sq Ft
$139
Days on Market
47
Active Inventory
27
Months of Supply
4.5
Balanced market
Zillow Home Value
$167,137
ZHVI — January 2026
Zillow Rent Index
$1,210
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
50.0%
Off Market in 2 Weeks
33.3%
Sale-to-List Ratio
101.6%
Seller's market
Market Activity
Source: RedfinHomes Sold
6
New Listings
17
Pending Sales
15
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$139
Median List $/SF
$153
Wayne vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Wayne is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$142,200
Median Rent
$924
Total Housing Units
7,727
Vacancy Rate
8.6%
Owner Occupied
57.9%
Renter Occupied
42.1%
Median Property Tax
$2,560
per year
Monthly Cost (w/ Mortgage)
$968
Housing Types
The current median sale price in Wayne, MI is $154,400 according to Redfin data. Homes spend a median of 47 days on the market. 50.0% of homes sold above asking price. The market has 4.5 months of supply. The median price per square foot is $139. Zillow's observed rent index is $1,210/month. About 57.9% of housing units are owner-occupied. The median year homes were built is 1959. There are 7,727 total housing units.