Similar to nearby areas, it's substantially less expensive compared to the country as a whole. Compared to the city of Madison, it is a lot less expensive.
Home prices
The price of the median home in South Wayne is $86,800. This is about $3,180 (3%) higher in comparison to other places in this area.It is about $130,700 (60%) lower compared to the entire country, and it is approximately $159,500 (64%) lower compared to the city of Madison.
Rents
In South Wayne the median rent is $655 per month. It is is very similar in comparison to its nearby areas.In comparison to the country as a whole it is approximately $407 (38%) lower, and compared to the city of Madison it is about $463 (41%) lower.
Nearby places
Browntown
Browntown is roughly 3 miles east from South Wayne. Real estate prices there are similar. The median home cost in Browntown is $89,500, which is $2,700 (3%) higher than South Wayne. The rent there is somewhat more expensive. Browntown's median rent is $850 per month, which is $195 (22%) higher than South Wayne.
Winslow
Winslow is roughly 6 miles southeast of South Wayne. Housing prices there are somewhat less expensive. The median home price in Winslow is $72,500, which comes out to $14,300 (19%) lower than South Wayne. Rent there is a bit less expensive. In Winslow the median monthly rent is $613, which comes out to $42 (6%) lower than South Wayne.
Gratiot
Gratiot is approximately 6 miles west of South Wayne. The real estate prices there are a little less expensive. The median home in Gratiot is valued at $82,600, which comes out to $4,200 (5%) lower than South Wayne. Its rents are substantially less expensive. In Gratiot the median rent is $380 a month, which is $275 (72%) lower than South Wayne.
Warren
Warren is approximately 6 miles southwest of South Wayne. Housing prices there are pretty similar. Warren's median home value is $83,500, which is $3,300 (3%) lower than South Wayne. Its rents are a little less expensive. In Warren the median rent is $579 per month, which is $76 (13%) lower than South Wayne.
Nora
Nora is about 7 miles southwest of South Wayne. The real estate prices there are fairly similar. The price of the median home in Nora is $90,000, which works out to $3,200 (3%) higher than South Wayne. Rents there are somewhat more expensive. In Nora the median monthly rent is $843, which is $188 (22%) higher than South Wayne.
