Compare with
Rent math and competition at once. Rents clear the usual cash-flow bar in a market that is still moving quickly.
What would change this read: price growth (median +5.0% YoY) outrunning rents would pull rent-to-price back under 0.8%/mo and weaken the cash-flow case. inventory, +30.4% YoY, is the number to watch.
The median listing price is up 5.0% YoY while the median home got up 2.5% bigger, so value per square foot is up 7.4%.
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 $110K purchase rents for $1,000/mo: 0.91% of price per month against the 1% rule's 1.00%.
U.S. Census ACS characteristics for ZIP 48210 itself, not its parent county.
Renters hold 41.8% of this ZIP's 8,321 occupied households, on a median household income of $38K.
| Measure | ZIP 48210 | Wayne County | Difference |
|---|---|---|---|
| Median Household Income | $38K | $61K | -$23K |
| Below Poverty Level | 40.5% | 20.8% | +19.7% |
| Median Age | 29.20 | 37.90 | -8.70 |
| Total Population | 26,722 | 1,772,259 | -- |
| Avg Household Size | 3.21 | 2.50 | +0.71 |
| Owner-Occupied | 58.2% | 64.8% | -6.5% |
| Worked From Home | 6.7% | 14.1% | -7.4% |
| Mean Commute | 21.90 | 24.70 | -2.80 |
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.