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Wayne County, MI

Detroit

RANK #527 / 996 NAT  ·  #36 / 36 MI  ·  POP 1,781,641

1YR FORECAST: +0.9%

5YR OUTLOOK: +23%

Wayne County's housing market is projected to grow +0.9% over the next year, below the national average.

[01] Why Wayne County?

Wayne County, Michigan, is defined by its connection to the automotive industry, with Dearborn standing out as home to the Ford World Headquarters and the Henry Ford Museum. Located in southeastern Michigan, the county encompasses Detroit and numerous surrounding communities, bordering Oakland and Macomb counties to the north, Washtenaw to the west, and Monroe to the south. Commuting within the county and to neighboring areas is facilitated by major highways and the Suburban Mobility Authority for Regional Transportation (SMART) bus system. The county offers diverse outdoor recreation, including parks like Hines Park, which spans 17 miles, and Elizabeth Park along the Detroit River, providing opportunities for hiking, biking, fishing, and river watching.

Life in Wayne County varies across its communities, from the urban environment of Detroit to the suburban settings of towns like Northville and Grosse Pointe, known for their schools. The county's economy, historically tied to the automotive sector, is diversifying with growth in healthcare and technology. Recent economic developments include investments in advanced manufacturing and initiatives to support small businesses, particularly those with fewer than 50 employees, and minority or women-owned enterprises. The county has also seen infrastructure improvements, with spending on bridge repair and replacement in several communities.

[02] Market Snapshot

Housing Ratio
2.7x

Undervalued relative to economy

GDP Growth
+1.3%

Well below national median

Home Prices
+1.9%

Above national median

Climate & Terrain
-1.7

Below-average climate & terrain

Price/Rent
10x

Strong rental yield

Housing looks undervalued at 2.7x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Ford Motor Company Manufacturing
    50,000+
  2. 2
    General Motors Manufacturing
    25,000+
  3. 3
    Henry Ford Health System Healthcare
  4. 4
    Stellantis Manufacturing
    10,000+
  5. 5
    Detroit Medical Center Healthcare
  6. 6
    Rocket Companies Inc. Finance
  7. 7
    Beaumont Health Healthcare
  8. 8
    Wayne State University Education
  9. 9
    DTE Energy Energy
  10. 10
    Wayne County Government Government
    5,000+

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Wayne County U.S. National

The Numbers

DEMOGRAPHICS
Population
1,781,641
-0.45% YoY
Median Household Income
$57,223
Median Home Value
$158,600
+1.91% 12mo
Median Rent
$1,043
Average Annual Pay
$76,411
+3.3% YoY
Employment
725,504
+0.8% YoY
Income-to-Home-Value
0.3608
More affordable than average
Migration Inflow
1.95%
of pop. from another state
Bachelor's Degree+
26.5%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$180,000
Days on Market
46
Moderate pace
Months of Supply
3.8
Balanced market
Sale-to-List Ratio
97.5%
Negotiation room for buyers
Sold Above List
31.0%
Listings w/ Price Drops
22.2%
Building Permits (2024)
2,629
Single-Family Permits
1,058

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

F
SAFETY
GRADE
Homicide Rate
18.9
per 100K · nat avg 6.3
Firearm Fatalities
24.1
per 100K · nat avg 14.8
Injury Deaths
111.5
per 100K · nat avg 76.3
vs National Average
Well above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

C
AIR QUALITY
GRADE
Median AQI (3yr)
59.0
Moderate
Good Air Days
20%
219 of 1,095 days
Unhealthy+ Days (3yr)
42
Includes 1 Very Unhealthy
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
58
2022
58
2023
61
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$4,498M
TOTAL
PROJECT AMOUNT STATUS
Wayne County Infrastructure Repair (Roads and Bridges)
Wayne County
$3,000M Planned
Project Cannoli (Google Data Center Campus)
Google (developer Panattoni)
$1,000M Proposed
Trenton Channel Energy Center (Battery Storage)
DTE Energy
$460M Under Construction
City of Detroit Solar Neighborhoods Initiative
City of Detroit / DTE Electric Company
$31M Planned
Norplas Industries (Magna Exteriors Highland Park) Expansion
Norplas Industries Inc. (dba Magna Exteriors Highland Park)
$7M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +1.3% 22 percentile
Population Growth -0.5% 12 percentile
Income Growth +8.3% 44 percentile
Vacancy Rate 1.2% 39 percentile
Home Price Change +1.9% 58 percentile
Rent Growth +2.8% 45 percentile
Price/Rent 10x 93 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Wayne County, MI a good place to move to?

Wayne County scores 47/100 on the Boom Town Index, landing in the middle of the pack among 996 U.S. counties (#527). Median household income is $57,223 and job growth is running at +0.8%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is Wayne County affordable?

By national standards, Wayne County is quite affordable. Homes here have a median value of $158,600, and the income-to-home-value ratio of 0.36 is well above the U.S. average — especially with median rent at just $1,043/month. Residents can generally buy a home without being cost-burdened.

Is Wayne County growing or shrinking?

Population and employment in Wayne County are both close to flat — population -0.5% YoY and jobs +0.8%. Home values shifted +1.9% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are many people relocating to Wayne County?

Not particularly — 1.95% of Wayne County's population moved in from another state, which is below the national average. Most residents are long-term locals rather than recent transplants.

[10] Similar Counties by Size & Score

Macomb County, MI 48 Washtenaw County, MI 53 Livingston County, MI 54 Grand Traverse County, MI 55 Allegan County, MI 56 Oakland County, MI 57 Franklin County, OH 47 Erie County, NY 46