What is the median home value in ZIP 48195 in Wayne County, MI?

The median home value in ZIP 48195 in Wayne County, MI is $189,066, according to the latest Census ACS 5-Year Estimates.

What is the rent-to-income ratio in ZIP 48195?

The rent-to-income ratio in ZIP 48195 is 32.6%, based on HUD Fair Market Rent divided by Census median household income. This indicates a rent-burdened area where tenants spend over 30% of income on housing.

Detroit-Warren-Dearborn, MI · Michigan

Wayne County

ZIP 48195

1.8M residents3,881 permits TTM$59,521 median HHI69 ZIP codesUpdated April 16, 2026

Investor first look

Median home value

$170,200

ACS 5-Year

Cap rate proxy

9.9%

FMR × 0.65 ÷ Home Value

Rent-to-income

21.9%

HUD FMR ÷ ACS HHI

Net migration

+1.25%

IRS SOI

Permits (TTM)

3,881

Census BPS

Climate risk

99.0

FEMA NRI (0–100)

ZIP 48195

Median home value

$189,066

Gross yield

8.4%

Cap rate

10.3%

Rent gap

-21.5%

Affordability

P/I: 3.2R/I: 32.6%

Section 8 detail

SAFMR: $1,330Rent: $1,087Gap: 22.4%

ZIP code breakdown69 ZIP codes

ZIP	Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
48217	$59,738	$1,370	27.5%	21.8%	20.7%
48122	$137,162	$1,400	12.2%	8.3%	32.0%
48205	$53,296	$1,300	29.3%	27.9%	4.5%
48204	$53,818	$1,200	26.8%	24.6%	8.1%
48238	$52,901	$1,160	26.3%	26.1%	0.7%

Ranked by composite score

Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
$46,963	$1,090	27.9%	33.1%	-18.8%
$54,662	$1,170	25.7%	27.0%	-5.2%
$67,506	$1,220	21.7%	23.2%	-6.8%
$57,061	$1,070	22.5%	22.9%	-1.6%
$60,521	$1,170	23.2%	21.6%	7.1%
$67,125	$1,160	20.7%	19.4%	6.3%
$69,486	$1,230	21.2%	19.1%	10.1%
$80,946	$1,360	20.2%	19.1%	5.4%
$91,803	$1,190	15.6%	19.0%	-21.9%
$83,685	$1,110	15.9%	18.6%	-16.7%
$87,478	$1,370	18.8%	17.8%	5.4%
$89,649	$1,330	17.8%	17.8%	0.1%
$84,953	$1,230	17.4%	16.7%	3.8%
$86,171	$1,070	14.9%	16.6%	-11.1%
$80,260	$1,150	17.2%	16.3%	5.5%
$84,679	$1,060	15.0%	15.4%	-2.5%
$105,435	$1,410	16.0%	14.3%	10.7%
$85,538	$1,060	14.9%	13.8%	7.0%
$147,406	$1,330	10.8%	13.3%	-22.8%
$130,135	$1,380	12.7%	12.3%	3.5%
$189,279	$1,130	7.2%	12.2%	-70.6%
$150,944	$1,600	12.7%	11.9%	6.8%
$157,438	$1,570	12.0%	11.7%	2.2%
$147,695	$1,620	13.2%	11.3%	14.3%
$117,966	$1,090	11.1%	11.2%	-1.4%
$171,894	$1,650	11.5%	10.9%	5.3%
$130,486	$1,110	10.2%	10.8%	-5.6%
$147,608	$1,190	9.7%	10.3%	-6.4%
$196,605	$1,270	7.8%	10.3%	-32.5%
$189,066	$1,330	8.4%	10.3%	-21.5%
$172,196	$1,210	8.4%	9.9%	-17.4%
$169,467	$1,290	9.1%	9.7%	-6.2%
$229,374	$1,550	8.1%	9.1%	-12.7%
$227,799	$1,380	7.3%	9.1%	-25.6%
$168,161	$1,140	8.1%	9.1%	-11.8%
$270,660	$1,600	7.1%	8.3%	-16.4%
$183,071	$1,170	7.7%	7.8%	-1.7%
$202,847	$1,400	8.3%	7.7%	7.1%
$170,200county est.	$1,340	9.4%	7.7%	18.9%
$170,200county est.	$1,340	9.4%	7.7%	18.9%
$170,200county est.	$1,340	9.4%	7.7%	18.9%
$310,226	$2,120	8.2%	7.3%	10.7%
$218,896	$1,420	7.8%	7.2%	7.9%
$255,650	$1,470	6.9%	7.1%	-3.3%
$193,287	$1,340	8.3%	7.1%	15.2%
$248,385	$1,220	5.9%	6.7%	-14.1%
$211,915	$1,340	7.6%	6.4%	15.8%
$239,375	$1,270	6.4%	5.9%	7.3%
$300,488	$1,470	5.9%	5.6%	4.5%
$402,564	$1,880	5.6%	5.6%	0.1%
$390,511	$1,720	5.3%	5.4%	-1.9%
$317,852	$1,600	6.0%	5.3%	11.8%
$249,632	$1,800	8.7%	5.2%	39.6%
$301,498	$1,380	5.5%	5.0%	8.9%
$261,497	$1,340	6.1%	5.0%	18.9%
$461,187	$1,460	3.8%	4.9%	-28.8%
$298,019	$2,030	8.2%	4.4%	46.5%
$424,914	$1,250	3.5%	4.3%	-20.4%
$327,777	$1,490	5.5%	4.0%	27.1%
$330,653	$1,880	6.8%	3.9%	42.2%
$385,833	$1,670	5.2%	3.4%	34.9%
$390,195	$1,910	5.9%	3.3%	43.1%
$479,108	$1,770	4.4%	2.7%	38.6%
$638,619	$1,620	3.0%	2.0%	32.9%

Demographics

Owner-occupied

64.5%

Census ACS

Vacancy rate

12.9%

Census ACS

Bachelor's degree +

26.9%

Census ACS

Rent burdened

48.7%

Census ACS (>30% income)

Median age

37.8

Census ACS

Data sources

U.S. Census Bureau — American Community Survey 5-Year Estimates

U.S. Census Bureau — Building Permits Survey

U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)

Internal Revenue Service — Statistics of Income Migration Data

FEMA — National Risk Index

Last updated: April 16, 2026

Wayne County

See all 69 ZIPs ranked by yield and cap rate