Wayne County, Michigan home prices
Typical home $175,631 · +0.8% in a year · property tax 1.63%
The typical home in Wayne County is worth $175,631, 33% less than the Michigan typical home ($263,760). Values changed +0.8% in the past year and +20.7% over five years. Homeowners here pay a median 1.63% of their home's value in property tax each year ($2,857 on the typical home), versus 1.17% statewide.
Mortgage on the typical Wayne County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $35,126 | $140,505 | $945 | $0 | $326 | $1,271 | $54,500 |
| 10% down | $17,563 | $158,068 | $1,063 | $66 | $326 | $1,455 | $62,400 |
| 5% down | $8,782 | $166,850 | $1,122 | $70 | $326 | $1,518 | $65,100 |
| 3.5% down (FHA) | $6,147 | $172,450 | $1,160 | $78 | $326 | $1,564 | $67,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.63% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Michigan · part of the Detroit metro area.
Michigan counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Saginaw County | $175,096 | +5.4% | 1.49% |
| Montmorency County | $174,570 | +2.5% | 0.86% |
| Baraga County | $177,789 | +14.6% | 1.22% |
| Iosco County | $172,299 | +4.4% | 0.96% |
| Crawford County | $179,733 | +3.1% | 1.06% |
| Gratiot County | $180,252 | +6.2% | 1.24% |
| Dickinson County | $180,433 | +4.4% | 1.27% |
| Ogemaw County | $180,468 | +6.0% | 0.95% |
| Arenac County | $170,538 | +8.7% | 1.13% |
| Menominee County | $184,675 | +5.3% | 1.01% |
Frequently asked questions
What is the average home price in Wayne County, MI?
The typical home value in Wayne County is $175,631 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Wayne County?
About $54,500 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Wayne County?
The median effective rate is 1.63% of home value a year (Census ACS 2024 5-year estimates).