Wayland, MI 49348 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Wayland, MI—49348

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$330,000

4.4% YoY Growth

Household Income

$79,300

25.1% YoY Growth

Days on Market

20.0% Shorter YoY

Home Price Forecast

3.0%

Median Rent

$1,290

28.4% YoY Growth

1-Bed Rent

$1,100

N/A

2-Bed Rent

$1,290

40.5% YoY Growth

3-Bed Rent

$1,350

29.7% YoY Growth

Home Price Trends — Wayland, MI

As of Dec '25, the median home price in Wayland, MI is $330,000, with a year-over-year change of 4.4%. This indicates that home prices in Wayland, MI are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$330,000	4.4%
Single Family	$337,000	4.7%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Wayland, MI

As of July '25, Rentcast reports the average rent in Wayland, MI is $1,310, with a year-over-year rent change of -28.4%. Per bedroom, the median rent as of July '25 in Wayland, MI is 1-bedrooms: $1,100, 2-bedrooms: $1,370, 3-bedrooms: $1,350. The most common rental property sizes in Wayland, MI are 3-bedroom and 2-bedroom, accounting for 37.0% and 33.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,290	$1,310
Studio Rent	N/A	N/A
1 Bed Rent	$1,100	$1,100
2 Bed Rent	$1,290	$1,370
3 Bed Rent	$1,350	$1,350
4 Bed Rent	N/A	N/A

Loading chart...

% of Rental Stock

1 Bedroom

17.7%

2 Bedrooms

33.7%

3 Bedrooms

37.0%

4 Bedrooms

11.4%

5+ Bedrooms

0.2%

Property Listings — Wayland, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Wayland, MI is 38. This is a decrease of -11.0% 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	$379,000	0.0%
Listing Count	32	-14.0%
Listings as % of Homes	0.4%	-14.0%
Days on Market	45	-20.0%

Loading chart...

Demographics — Wayland, MI

As of the latest ACS Survey released in 2023, Wayland, MI has a population of 13,600, which has increased by 10.6% over the past 5 years. Wayland, MI is a moderately popular place for families, as children make up 24.5% of the population. The area has a poorly educated workforce, with 23.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	13,600	10.6%
% Under 18	24.5%	-9.6%
% Seniors	17.6%	37.5%
% WFH	10.0%	212.5%
% w/ College Degree	23.3%	5.4%

Loading chart...

As of the latest ACS Survey released in 2023, Wayland, MI is a predominantly white area, with 87.6% of the population identifying as white. The white population has shrunk by 5.3% in the last 5 years. The second most common race or ethnicity in Wayland, MI is hispanic, making up 4.8% of the population. Foreign-born residents account for 2.3% of the population in Wayland, MI, and this percentage has increased by 15.0% 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	87.6%	-5.3%
% Black	1.9%	46.2%
% Hispanic	4.8%	45.5%
% Asian	1.5%	66.7%
% Foreign Born	2.3%	15.0%

Loading chart...

Mortgage and Risk — Wayland, MI

According to HUD data as of 2023, there were 542 mortgage originations in Wayland, MI, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Wayland, MI. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	542
% Conventional Loans	91.0%
% Government Loans	9.0%
% Investor Loans	2.0%
% Second Loans	3.0%
% Cash Out Refinance	11.0%

Loading chart...

Rentals and Section 8 — Wayland, MI

Wayland, MI lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	40
Total Units Section 8	40
% Rentals under Section 8	4.3%
% Occupied Section 8	93.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$70	$1,100	$1,030
2 Bedroom	-$50	$1,290	$1,240
3 Bedroom	$260	$1,350	$1,610
4 Bedroom	N/A	N/A	$1,770

Wayland, MI—49348

Key Metrics at a Glance

Home Price Trends — Wayland, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wayland, MI

% of Rental Stock

Property Listings — Wayland, MI

Demographics — Wayland, MI

Race and Ethnicity

Mortgage and Risk — Wayland, MI

Mortgages

Rentals and Section 8 — Wayland, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Wayland, MI

Home Price to Income Ratio

Wayland, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Moline

Shelbyville, MI

Gaines, MI

Martin, MI

Allegan, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.7
Median Home Price	$330,000
Median Household Income	$79,300

Wayland, MI—49348

Key Metrics at a Glance

Home Price Trends — Wayland, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wayland, MI

% of Rental Stock

Property Listings — Wayland, MI

Demographics — Wayland, MI

Race and Ethnicity

Mortgage and Risk — Wayland, MI

Mortgages

Rentals and Section 8 — Wayland, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Wayland, MI

Home Price to Income Ratio

Wayland, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Moline

Shelbyville, MI

Gaines, MI

Martin, MI

Allegan, MI

Frequently Asked Questions

What is the average home price in Wayland, MI 49348?

How have home prices in Wayland, MI 49348 changed over the past year?

What is the home price projection for Wayland, MI 49348?

What are the demographics of Wayland, MI 49348?

How long does it take homes to sell in Wayland, MI 49348?

What is the average rent price in Wayland, MI 49348?