Inkster, Michigan Housing Market Prices
Inkster Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 30% below the Michigan median$97,311
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Median rent 4% above the Michigan median$1,169
Housing Market Overview
| Metric | Inkster | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $97,311 | $138,713 | $248,835 |
| Price Trend (Annual %) | 33.0% | 8.6% | 7.5% |
| Median Gross Rent | $1,169 | $1,129 | $1,407 |
| Rent Trend (Annual %) | 5.6% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Inkster is about 30% lower than in Michigan. Rent is about 4% higher than the Michigan average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Inkster, up about 33.0% and 5.6% a year respectively. Home prices are changing faster.
Median rent in Inkster rose about 58.6% between 2015 and 2024, from $737 to $1,169. Over the same span, rent in Michigan rose about 44.2%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Inkster.
Buying the median-priced home in Inkster costs roughly 6.9 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Inkster. The price-to-rent ratio in Michigan is about 10.2.
| Metric | Inkster | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $97,311 | $138,713 | $248,835 |
| Median Household Income | $39,588 | $72,977 | $80,455 |
| Price-to-Income Ratio | 2.5 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Inkster rose about 560.8%, while median household income rose about 4.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Inkster | Michigan Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 39.6% | 64.6% | 58.5% |
| Rental Rate | 45.1% | 23.6% | 31.2% |
| Vacancy Rate | 15.3% | 11.8% | 10.2% |
| Median Tenure (years) | 14.0 | 16.0 | 15.0 |
| Median Year Moved In | 2012 | 2010 | 2011 |
Inkster has a homeownership rate of 39.6%, lower than the Michigan average of 64.6%. Its housing vacancy rate is 15.3%, compared with 11.8% in Michigan.
Housing Stock
| Metric | Inkster | Michigan Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.58 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1959 | 1972 | 1978 |
| Median Number of Rooms | 5.2 | 5.9 | 5.5 |
The typical housing unit in Inkster was built around 1959. On average, 2.6 people live in a home with about 5.2 rooms, staying for about 14.0 years on average.
Inkster, MI Housing Compared With Nearby Cities
Inkster, MI is the smallest of the 4 cities compared here, 25,428 residents against a local median of 62,081. Where Inkster, MI breaks from the cities next to it is homeownership, sitting 30% below the local median of 66.7% at 46.8%. That is the weaker end of the local range on this measure.
Median home price tells the same story from another angle: $97,311 against a local median of $124,694, 22% below it. The cities themselves sit within 9.2% of each other on homeownership, a tighter band than the gap between any of them and Inkster, MI, which makes it a genuine outlier here rather than one end of a wide local spread. Inkster, MI has the 4th highest homeownership of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Inkster, MI | 25,428 | $97,311 #4/4 | $1,169 #2/4 | 46.8% #4/4 |
| Dearborn Heights, MI | 61,726 | $118,327 | $1,331 | 70.5% |
| Westland, MI | 83,629 | $124,694 | $1,157 | 61.3% |
| Taylor, MI | 62,081 | $145,138 | $1,100 | 66.7% |
Frequently Asked Questions
Common questions about the housing market in Inkster, Michigan.
What is the median home price in Inkster, Michigan?
The median home price in Inkster, Michigan is $97,311, lower than the Michigan average of $138,713.
What is the average home price in Inkster, Michigan?
The typical home price in Inkster, Michigan, reported as the median sale price, is $97,311. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Inkster, Michigan?
The median gross rent in Inkster, Michigan is $1,169 per month, higher than the Michigan average of $1,129.
What was the median gross rent in Inkster in 2020?
In 2020, the median gross rent in Inkster, Michigan was $915 per month.
What is the price-to-rent ratio in Inkster, Michigan?
The price-to-rent ratio in Inkster, Michigan is about 6.9, meaning it would take roughly 6.9 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Inkster.
Are home prices or rent rising faster in Inkster, Michigan?
Both home prices and rent are rising in Inkster, up about 33.0% and 5.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Inkster, Michigan?
39.6% of households in Inkster, Michigan own their home, lower than the Michigan average of 64.6%.
What is the vacancy rate in Inkster, Michigan?
The housing vacancy rate in Inkster, Michigan is 15.3%, higher than the Michigan average of 11.8%.
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