Wayne, MI Real Estate
According to census data in the year 2000 there were 7,656 housing units in Wayne.
This represents a 4.5% growth from 7,325 in 1990.
Of those housing units, 7,656 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Wayne is about 64.8%.
Wayne's vacancy rate, including seasonal lodging, is about 3.6%.
Average household size is 2.53 people.
The majority of houses, apartments or condos in Wayne were built after 1957.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.70% |
| One Bedroom | 13.60% |
| Two Bedrooms | 26.80% |
| Three Bedrooms | 45.50% |
| Four Bedrooms | 10.10% |
| Five Bedrooms or more | 1.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.74 |
| Median year structure was built | 1953 |
| Median Value of occupied units | $94,900 |
| Median Price asked for vacant units | $103,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.13 |
| Median year structure was built | 1968 |
| Median Monthly Rent asked for vacant units | $406 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 6.30% |
| Home Equity Loan | 11.40% |
| Simple Mortgage | 54.80% |
| Debt Free | 27.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.5% |
