What Is the Average Home Value in Wayne County, MI?

What Is the Average Home Value in Wayne County, MI?

As of January 2015, the average home value in Wayne County, Michigan, is between $55,600 to $55,800. Home values have declined over the past year because of mortgage defaults, according to Zillow.

Home values in Wayne County may decrease even further by next year because of mortgage delinquency, predicts Zillow. Zillow estimates the rate of defaults to be between 4.5 and 5 percent as a result of homeowners owing more than the value of their homes. Trulia lists the median home price between $65,000 to $66,000, as of April 2015. Trulia allows the comparison of home values by using Wayne County ZIP codes.