Wixom, MI 48393 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Wixom, MI—48393

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$373,000

3.0% YoY Growth

Household Income

$67,200

27.0% YoY Growth

Days on Market

15.0% Shorter YoY

Home Price Forecast

1.8%

Median Rent

$2,100

1.8% YoY Growth

1-Bed Rent

$1,190

N/A

2-Bed Rent

$1,990

27.0% YoY Growth

3-Bed Rent

$2,200

3.3% YoY Growth

Home Price Trends — Wixom, MI

As of Nov '25, the median home price in Wixom, MI is $373,000, with a year-over-year change of 3.0%. This indicates that home prices in Wixom, MI are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$373,000	3.0%
Single Family	$404,000	2.5%
Condos	$320,000	4.9%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Wixom, MI

As of July '25, Rentcast reports the average rent in Wixom, MI is $2,220, with a year-over-year rent change of -1.8%. Per bedroom, the median rent as of July '25 in Wixom, MI is 1-bedrooms: $1,150, 2-bedrooms: $2,350, 3-bedrooms: $2,520, 4-bedrooms: $3,080. The most common rental property sizes in Wixom, MI are 1-bedroom and 2-bedroom, accounting for 57.3% and 36.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,100	$2,220
Studio Rent	N/A	N/A
1 Bed Rent	$1,190	$1,150
2 Bed Rent	$1,990	$2,350
3 Bed Rent	$2,200	$2,520
4 Bed Rent	$3,000	$3,080

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% of Rental Stock

Studio

2.4%

1 Bedroom

57.3%

2 Bedrooms

36.5%

3 Bedrooms

3.8%

4 Bedrooms

0.1%

Property Listings — Wixom, MI

As of Nov '25, Realtor.com reports that the median days on market for a home in Wixom, MI is 34. 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 22.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$370,000	13.0%
Listing Count	37	-5.0%
Listings as % of Homes	0.2%	-5.0%
Days on Market	34	-15.0%

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Demographics — Wixom, MI

As of the latest ACS Survey released in 2023, Wixom, MI has a population of 20,100, which has increased by 19.9% over the past 5 years. Wixom, MI is a moderately popular place for families, as children make up 18.3% of the population. The area has a moderately educated workforce, with 42.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	20,100	19.9%
% Under 18	18.3%	-20.4%
% Seniors	13.7%	48.9%
% WFH	11.9%	283.9%
% w/ College Degree	42.7%	14.5%

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As of the latest ACS Survey released in 2023, Wixom, MI is a predominantly white area, with 73.9% of the population identifying as white. The white population has grown by 2.8% in the last 5 years. The second most common race or ethnicity in Wixom, MI is black, making up 8.2% of the population. Foreign-born residents account for 17.5% of the population in Wixom, MI, and this percentage has increased by 31.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	73.9%	2.8%
% Black	8.2%	-46.4%
% Hispanic	7.5%	92.3%
% Asian	6.1%	-10.3%
% Foreign Born	17.5%	31.6%

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Mortgage and Risk — Wixom, MI

According to HUD data as of 2023, there were 270 mortgage originations in Wixom, MI, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Wixom, MI. Investor activity is low, as 0.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	270
% Conventional Loans	91.0%
% Government Loans	9.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	14.0%

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Rentals and Section 8 — Wixom, MI

As of 2024, the percent of homes in Wixom, MI under the Section 8 program is 1.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Wixom, MI, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	75
Total Units Section 8	75
% Rentals under Section 8	1.6%
% Occupied Section 8	90.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$270	$1,190	$920
2 Bedroom	-$820	$1,990	$1,170
3 Bedroom	-$760	$2,200	$1,440
4 Bedroom	-$1,450	$3,000	$1,550

Wixom, MI—48393

Key Metrics at a Glance

Home Price Trends — Wixom, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wixom, MI

% of Rental Stock

Property Listings — Wixom, MI

Demographics — Wixom, MI

Race and Ethnicity

Mortgage and Risk — Wixom, MI

Mortgages

Rentals and Section 8 — Wixom, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Wixom, MI

Home Price to Income Ratio

Wixom, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Novi, MI

Milford, MI

Novi, MI

New Hudson, MI

Commerce Township, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5
Median Home Price	$373,000
Median Household Income	$67,200

Wixom, MI—48393

Key Metrics at a Glance

Home Price Trends — Wixom, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wixom, MI

% of Rental Stock

Property Listings — Wixom, MI

Demographics — Wixom, MI

Race and Ethnicity

Mortgage and Risk — Wixom, MI

Mortgages

Rentals and Section 8 — Wixom, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Wixom, MI

Home Price to Income Ratio

Wixom, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Novi, MI

Milford, MI

Novi, MI

New Hudson, MI

Commerce Township, MI

Frequently Asked Questions

What is the average home price in Wixom, MI 48393?

How have home prices in Wixom, MI 48393 changed over the past year?

What is the home price projection for Wixom, MI 48393?

What are the demographics of Wixom, MI 48393?

How long does it take homes to sell in Wixom, MI 48393?

What is the average rent price in Wixom, MI 48393?