Wayne County Michigan Residential Rent and Rental Statistics
The median monthly gross residential rent in Wayne County MI was $901 in 2019 according to the Census ACS survey.1 Average gross rent in Wayne County was $889 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Wayne County median and average rent data will be released in September of 2021.
Data is also available below for Wayne County rental vacancy rates, Wayne County rent as a percent of median income and the fraction of renters in Wayne County.
Real Gross Rent in Wayne County Michigan (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Michigan Median Gross Rent | $888 | +1.25% | +3.62% |
| Wayne County MI Median Gross Rent | $901 | +1.35% | +4.52% |
Wayne County MI Real Gross Rent Trends
At $901, real median gross rent in Wayne County was at its highest level in 2019 since the series began in 2005. At $889, real average gross rent in Wayne County was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Wayne County MI Median, Wayne County MI Average, Michigan Median, US Median
Real Gross Rent History for Wayne County
| Date | US Median |
Michigan Median |
Wayne County MI Median |
Wayne County MI Average |
|---|---|---|---|---|
| 2019 | $1,097 | $888 | $901 | $889 |
| 2018 | $1,077 | $877 | $889 | $864 |
| 2017 | $1,043 | $861 | $857 | $841 |
| 2016 | $1,027 | $857 | $862 | $841 |
| 2015 | $1,017 | $852 | $858 | $840 |
| 2014 | $986 | $832 | $832 | $813 |
| 2013 | $953 | $809 | $825 | $827 |
| 2012 | $940 | $796 | $821 | $811 |
| 2011 | $941 | $798 | $817 | $808 |
| 2010 | $955 | $816 | $847 | $836 |
| 2009 | $960 | $816 | $856 | $854 |
| 2007 | $927 | $802 | $845 | $834 |
| 2005 | $910 | $819 | $864 | $859 |
Wayne County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Wayne County Michigan was 4.89% according to Census ACS data.
Rental Vacancy Rate in Wayne County Michigan
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Michigan | 5.56% | +0.74% | +0.15% |
| Wayne County MI | 4.89% | +1.45% | -1.42% |
Trends in Wayne County MI Rental Vacancy Rate
The rental vacancy rate in Wayne County peaked in 2007 at 12.06%. Since then it has fallen by 7.17% to 4.89%. Data records for this series originated in 2005. From a 2018 post peak low of 3.44%, the rental vacancy rate has increased by 1.45%.
Rental Vacancy Rate: Wayne County MI, Michigan, US
Historical Rental Vacancy Rate data for Wayne County
| Date | US | Michigan | Wayne County MI |
|---|---|---|---|
| 2019 | 5.97% | 5.56% | 4.89% |
| 2018 | 6.15% | 4.82% | 3.44% |
| 2017 | 6.18% | 4.87% | 5.32% |
| 2016 | 5.89% | 5.41% | 6.31% |
| 2015 | 5.85% | 5.19% | 5.18% |
| 2014 | 6.32% | 5.88% | 6.68% |
| 2013 | 6.49% | 6.04% | 7.97% |
| 2012 | 6.77% | 6.73% | 8.90% |
| 2011 | 7.40% | 7.72% | 10.22% |
| 2010 | 8.17% | 9.60% | 11.21% |
| 2009 | 8.43% | 9.48% | 11.74% |
| 2007 | 7.87% | 9.66% | 12.06% |
| 2005 | 7.74% | 10.09% | 11.36% |
Rent as a Fraction of Income
Using median household income data for Wayne County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Wayne County, median monthly gross rent as a fraction of median household income was 21.30% in 2019 according to the ACS.
Wayne County Michigan Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Michigan | 17.88% | -0.34% | -0.82% |
| Wayne County MI | 21.30% | -1.28% | -1.42% |
Trends in Wayne County MI Rent as a Fraction of Income
The fraction of median Wayne County household income required to pay median monthly gross rent peaked in 2009 (relative to the 2005 series origin) at 23.60%. Since then it has fallen by 2.29% to 21.30%.
Fraction of Income towards Rent: Wayne County MI, Michigan, US
Historical Data for Annual Rent as a Fraction of Income in Wayne County Michigan
| Date | US | Michigan | Wayne County MI |
|---|---|---|---|
| 2019 | 20.03% | 17.88% | 21.30% |
| 2018 | 20.50% | 18.22% | 22.58% |
| 2017 | 20.13% | 18.25% | 22.09% |
| 2016 | 20.43% | 18.70% | 22.72% |
| 2015 | 20.63% | 18.86% | 23.36% |
| 2014 | 20.89% | 18.97% | 22.82% |
| 2013 | 20.78% | 19.09% | 23.21% |
| 2012 | 20.65% | 19.16% | 23.46% |
| 2011 | 20.70% | 19.29% | 23.58% |
| 2010 | 20.50% | 19.29% | 23.08% |
| 2009 | 20.12% | 18.99% | 23.60% |
| 2007 | 18.66% | 17.09% | 20.32% |
| 2005 | 18.89% | 17.07% | 20.28% |
Renter Fraction in Wayne County Michigan
You can calculate the renter fraction in Wayne County in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Wayne County as a fraction of total Wayne County households. In 2019 37.48% of households were renters according to Census ACS data.
Wayne County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Michigan | 28.43% | -0.38% | -1.25% |
| Wayne County MI | 37.48% | -0.50% | -2.16% |
Trends in the Wayne County MI Renter Fraction
The Wayne County household renter fraction peaked in in 2016 at 39.64% and is now 2.16% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Wayne County MI, Michigan, US
History of Wayne County Renter Fraction
| Date | US | Michigan | Wayne County MI |
|---|---|---|---|
| 2019 | 35.89% | 28.43% | 37.48% |
| 2018 | 36.05% | 28.81% | 37.98% |
| 2017 | 36.13% | 28.67% | 38.43% |
| 2016 | 36.88% | 29.68% | 39.64% |
| 2015 | 36.97% | 29.58% | 38.69% |
| 2014 | 36.90% | 29.76% | 38.52% |
| 2013 | 36.50% | 29.45% | 37.35% |
| 2012 | 36.09% | 28.94% | 37.08% |
| 2011 | 35.42% | 28.26% | 35.28% |
| 2010 | 34.65% | 27.25% | 34.63% |
| 2009 | 34.13% | 26.81% | 33.76% |
| 2007 | 32.80% | 25.17% | 31.57% |
| 2005 | 33.10% | 25.33% | 33.21% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
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