Wyandotte, MI—48192
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wyandotte, MI
As of Oct '25, the median home price in Wyandotte, MI is $186,000, with a year-over-year change of 4.0%. This indicates that home prices in Wyandotte, MI are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $186,000 | 4.0% |
| Single Family | $185,000 | 3.9% |
| Condos | $210,000 | 4.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $161,000 | 3.9% |
3 Bed | $199,000 | 4.2% |
4 Bed | $236,000 | 3.5% |
| 5 Bed | $262,000 | 3.6% |
% of Housing Stock
Rental Trends — Wyandotte, MI
As of July '25, Rentcast reports the average rent in Wyandotte, MI is $1,310, with a year-over-year rent change of 4.8%. Per bedroom, the median rent as of July '25 in Wyandotte, MI is studios: $820, 1-bedrooms: $1,020, 2-bedrooms: $1,370, 3-bedrooms: $2,280. The most common rental property sizes in Wyandotte, MI are 2-bedroom and 1-bedroom, accounting for 37.8% and 26.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,150 | $1,310 |
| Studio Rent | $775 | $820 |
| 1 Bed Rent | $945 | $1,020 |
| 2 Bed Rent | $1,200 | $1,370 |
| 3 Bed Rent | $1,800 | $2,280 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Wyandotte, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Wyandotte, MI is 38. This is a decrease of -15.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $211,000 | 1.0% |
Listing Count | 95 | 10.0% |
| Listings as % of Homes | 0.4% | 10.0% |
Days on Market | 38 | -15.0% |
Demographics — Wyandotte, MI
As of the latest ACS Survey released in 2023, Wyandotte, MI has a population of 24,600, which has decreased by -2.2% over the past 5 years. Wyandotte, MI is a moderately popular place for families, as children make up 18.9% of the population. The area has a poorly educated workforce, with 21.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,600 | -2.2% |
% Under 18 | 18.9% | -2.6% |
% Seniors | 18.2% | 10.3% |
% WFH | 9.7% | 470.6% |
% w/ College Degree | 21.1% | 21.3% |
As of the latest ACS Survey released in 2023, Wyandotte, MI is a predominantly white area, with 84.0% of the population identifying as white. The white population has shrunk by 9.4% in the last 5 years. The second most common race or ethnicity in Wyandotte, MI is hispanic, making up 8.2% of the population. Foreign-born residents account for 2.9% of the population in Wyandotte, MI, and this percentage has decreased by 3.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 84.0% | -9.4% |
% Black | 2.1% | 75.0% |
% Hispanic | 8.2% | 95.2% |
% Asian | 0.6% | 20.0% |
% Foreign Born | 2.9% | -3.3% |
Mortgage and Risk — Wyandotte, MI
According to HUD data as of 2023, there were 564 mortgage originations in Wyandotte, MI, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Wyandotte, MI. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 564 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Wyandotte, MI
Wyandotte, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 154 |
Total Units Section 8 | 154 |
% Rentals under Section 8 | 5.5% |
% Occupied Section 8 | 91.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$25 | $945 | $920 |
| 2 Bedroom | -$30 | $1,200 | $1,170 |
| 3 Bedroom | -$360 | $1,800 | $1,440 |
| 4 Bedroom | N/A | N/A | $1,550 |
Affordability — Wyandotte, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $186,000 |
| Median Household Income | $67,800 |