dynamic.RE
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A tight-supply, appreciation-lean market. The rent math runs thin; demand and tenant incomes are the story.
What would change this read: a price correction (median already −5.5% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, +6.1% YoY, is the number to watch.
The median listing price is down 5.5% YoY while the median home got down 8.4% bigger, so value per square foot is down 2.3%.
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 $256K purchase rents for $1,175/mo: 0.46% of price per month against the 1% rule's 1.00%.
Rentals here take about 8 days longer to find a tenant than sales take to go under contract (median across 2 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented), Manufactured (sold here, not rented), Townhouse (no rental days-on-market reported).
U.S. Census ACS characteristics for ZIP 48183 itself, not its parent county.
Renters hold 23.8% of this ZIP's 17,263 occupied households, on a median household income of $84K.
| Measure | ZIP 48183 | Wayne County | Difference |
|---|---|---|---|
| Median Household Income | $84K | $61K | +$23K |
| Below Poverty Level | 9.7% | 20.8% | -11.1% |
| Median Age | 44.90 | 37.90 | +7.00 |
| Total Population | 41,765 | 1,772,259 | -- |
| Avg Household Size | 2.40 | 2.50 | -0.10 |
| Owner-Occupied | 76.2% | 64.8% | +11.5% |
| Worked From Home | 12.3% | 14.1% | -1.8% |
| Mean Commute | 24.50 | 24.70 | -0.20 |
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.