Wayne County presents a yield-versus-exit-liquidity tension. In Zillow’s 2026-06 county observation, the median home value was $181,365, median asking rent was $1,423 per month, and the stated gross yield was 9.42% before costs. This merits address-level investigation for buyers able to verify operating costs, but caution for buyers relying on appreciation or quick resale. Zillow’s value rose 1.49% year over year; FHFA’s separately labeled 2025 annual repeat-transaction HPI rose 5.27%. These directionally positive readings use different vintages and methods and are neither a common interval nor a blended growth rate.
The published asking rent is measured market evidence and is separate from HUD’s $1,411 two-bedroom Fair Market Rent, which is a payment standard rather than an estimate of local asking rent. The 1.63% effective property-tax rate makes carrying costs material against the stated gross yield; county medians cannot set a parcel’s assessment or tax bill. Taxes, insurance, vacancy, repairs, and financing terms are not published here, so the record cannot establish net yield or debt coverage.
Realtor.com’s MLS listing-market evidence shows 4,370 active listings, up 15.93% year over year, with 15.25% of listings price reduced and longer marketing time. These are visible asking-market supply, seller-concession, and marketing-time measures—not closed-sale prices or proof of buyer demand alone. Tax-return moves were net negative by 4,463 households, while outbound movers had higher average income than inbound movers. Investor mortgages accounted for 12.39% of 16,361 purchases: participation is real, but non-occupants did not comprise the whole purchase market. Together, the movement and buyer data require submarket tenant-depth and owner-demand checks.
Inland flood is the dominant hazard, while modeled annual climate loss is 0.09% of building value; that county-level model neither maps a property’s exposure nor gives an insurance quote. Trade, transportation, and utilities is QCEW’s largest disclosed private supersector, but QCEW is annual covered employment at county workplaces, not resident employment, unemployment, or a forecast. Obtain parcel flood-zone and elevation data, loss history, insurance quotes, unit-specific rent comps, operating statements, financing terms, and closed-sale comps. Without them, flood cost, net cash flow, and resale underwriting remain unresolved.