dynamic.RE
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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already +7.8% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −1.5% YoY, is the number to watch.
The median listing price is up 7.8% YoY while the median home got down 0.0% bigger, so value per square foot is up 4.6%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $306K purchase rents for $1,529/mo: 0.50% of price per month against the 1% rule's 1.00%.
Not shown: Studio (rent only, no matching sale price), 1 BR (rent only, no matching sale price), 5 BR (sale only, no matching rent), 6 BR (sale only, no matching rent), 7 BR (sale only, no matching rent).
Sales here take about 4 days longer to go under contract than rentals (median across 3 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented), Multi-Family (sold here, not rented).
U.S. Census ACS characteristics for ZIP 48126 itself, not its parent county.
Renters hold 43.4% of this ZIP's 15,706 occupied households, on a median household income of $42K.
| Measure | ZIP 48126 | Wayne County | Difference |
|---|---|---|---|
| Median Household Income | $42K | $61K | -$18K |
| Below Poverty Level | 34.0% | 20.8% | +13.2% |
| Median Age | 28.90 | 37.90 | -9.00 |
| Total Population | 51,997 | 1,772,259 | -- |
| Avg Household Size | 3.31 | 2.50 | +0.81 |
| Owner-Occupied | 56.6% | 64.8% | -8.1% |
| Worked From Home | 7.6% | 14.1% | -6.5% |
| Mean Commute | 19.70 | 24.70 | -5.00 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is down 0.1% to 1,772,259: residents under 18 are down 0.6% and those 65 and over are up 2.5%.
County median household income is $61K, 20.8% of residents are below the poverty level, 14.1% work from home.