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.


Housing Size

Housing Units by Size
Studio Type2.70%
One Bedroom13.60%
Two Bedrooms26.80%
Three Bedrooms45.50%
Four Bedrooms10.10%
Five Bedrooms or more1.20%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.74
Median year structure was built1953
Median Value of occupied units$94,900
Median Price asked for vacant units$103,000

Rented Homes, Apartments and Condos

Average Household Size2.13
Median year structure was built1968
Median Monthly Rent asked for vacant units$406

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.50%
Second Mortgage6.30%
Home Equity Loan11.40%
Simple Mortgage54.80%
Debt Free27.10%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs16.5%