dynamic.RE
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A cash-flow-lean market. Rents carry the return here rather than price growth.
What would change this read: price growth (median +11.8% YoY) outrunning rents would pull rent-to-price back under 0.8%/mo and weaken the cash-flow case. inventory, −9.3% YoY, is the number to watch.
The median listing price is up 11.8% YoY while the median home got up 7.9% bigger, so value per square foot is up 2.6%.
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 $129K purchase rents for $1,300/mo: 1.00% of price per month against the 1% rule's 1.00%.
Not shown: 1 BR (rent only, no matching sale price), 5 BR (sale only, no matching rent), 8 BR (sale only, no matching rent).
Sales here take about 3 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).
U.S. Census ACS characteristics for ZIP 48235 itself, not its parent county.
Renters hold 46.5% of this ZIP's 18,654 occupied households, on a median household income of $39K.
| Measure | ZIP 48235 | Wayne County | Difference |
|---|---|---|---|
| Median Household Income | $39K | $61K | -$21K |
| Below Poverty Level | 31.5% | 20.8% | +10.7% |
| Median Age | 39.30 | 37.90 | +1.40 |
| Total Population | 45,600 | 1,772,259 | -- |
| Avg Household Size | 2.42 | 2.50 | -0.08 |
| Owner-Occupied | 53.5% | 64.8% | -11.3% |
| Worked From Home | 9.4% | 14.1% | -4.7% |
| Mean Commute | 24.40 | 24.70 | -0.30 |
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.