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Dearborn Heights, MI—48127

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$266,000
3.8% YoY Growth
Household Income
$63,100
27.7% YoY Growth
Days on Market
26
34.0% Longer YoY
Home Price Forecast
0.1%
Median Rent
$1,700
6.5% YoY Growth
1-Bed Rent
$1,040
6.9% YoY Growth
2-Bed Rent
$1,310
16.5% YoY Growth
3-Bed Rent
$1,800
8.9% YoY Growth

Other Zip Codes in Dearborn Heights, MI

48125
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Dearborn Heights, MI

As of May '26, the median home price in Dearborn Heights, MI is $266,000, with a year-over-year change of 3.8%. This indicates that home prices in Dearborn Heights, MI are increasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$266,0003.8%
Single Family $268,0003.9%
Condos $171,000-1.2%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$187,0005.1%
    3 Bed
    		$262,0004.0%
    4 Bed
    		$472,0005.1%
    5 Bed $589,3504.7%
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    % of Housing Stock

    Studio
    0.6%
    1 Bedroom
    9.7%
    2 Bedrooms
    16.7%
    3 Bedrooms
    54.6%
    4 Bedrooms
    16.1%
    5+ Bedrooms
    2.3%

    Rental Trends — Dearborn Heights, MI

    As of July '25, Rentcast reports the average rent in Dearborn Heights, MI is $1,790, with a year-over-year rent change of 6.5%. Per bedroom, the median rent as of July '25 in Dearborn Heights, MI is 1-bedrooms: $1,080, 2-bedrooms: $1,410, 3-bedrooms: $2,090, 4-bedrooms: $2,420. The most common rental property sizes in Dearborn Heights, MI are 1-bedroom and 2-bedroom, accounting for 33.6% and 32.7% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,700$1,790
    Studio Rent N/AN/A
    1 Bed Rent $1,040$1,080
    2 Bed Rent $1,310$1,410
    3 Bed Rent $1,800$2,090
    4 Bed Rent $2,480$2,420
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    % of Rental Stock

    Studio
    1.8%
    1 Bedroom
    33.6%
    2 Bedrooms
    32.7%
    3 Bedrooms
    29.3%
    4 Bedrooms
    1.6%
    5+ Bedrooms
    0.9%

    Property Listings — Dearborn Heights, MI

    As of May '26, Realtor.com reports that the median days on market for a home in Dearborn Heights, MI is 26. This is a increase of 34.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 12.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$265,000-15.0%
    Listing Count
    		9636.0%
    Listings as % of Homes0.5%36.0%
    Days on Market
    		2634.0%
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    Demographics — Dearborn Heights, MI

    As of the latest ACS Survey released in 2023, Dearborn Heights, MI has a population of 39,900, which has increased by 11.9% over the past 5 years. Dearborn Heights, MI is a popular place for families, as children make up 25.6% of the population. The area has a moderately educated workforce, with 28.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.9% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		39,90011.9%
    % Under 18
    		25.6%2.4%
    % Seniors
    		14.7%-14.5%
    % WFH
    		9.9%518.8%
    % w/ College Degree
    		28.8%13.4%
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    As of the latest ACS Survey released in 2023, Dearborn Heights, MI is a predominantly white area, with 84.7% of the population identifying as white. The white population has grown by 0.1% in the last 5 years. The second most common race or ethnicity in Dearborn Heights, MI is black, making up 8.3% of the population. Foreign-born residents account for 30.6% of the population in Dearborn Heights, MI, and this percentage has increased by 14.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		84.7%0.1%
    % Black
    		8.3%-1.2%
    % Hispanic
    		3.2%28.0%
    % Asian
    		1.6%-20.0%
    % Foreign Born
    		30.6%14.6%
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    Mortgage and Risk — Dearborn Heights, MI

    According to HUD data as of 2023, there were 710 mortgage originations in Dearborn Heights, MI, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Dearborn Heights, MI. Investor activity is low, as 2.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		710
    % Conventional Loans
    		88.0%
    % Government Loans
    		12.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		16.0%
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    Rentals and Section 8 — Dearborn Heights, MI

    As of 2024, the percent of homes in Dearborn Heights, MI under the Section 8 program is 8.8%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Dearborn Heights, MI, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		342
    Total Units Section 8
    		342
    % Rentals under Section 8
    		8.8%
    % Occupied Section 8
    		91.1%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$80$1,040$1,120
    2 Bedroom$110$1,310$1,420
    3 Bedroom-$60$1,800$1,740
    4 Bedroom-$600$2,480$1,880

    Affordability — Dearborn Heights, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.5
    Median Home Price$266,000
    Median Household Income$63,100

    Dearborn Heights, MI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Dearborn, MI

    48128

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    Frequently Asked Questions