Dearborn Heights, MI—48127
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Dearborn Heights, MI
Home Price Trends — Dearborn Heights, MI
As of Oct '25, the median home price in Dearborn Heights, MI is $255,000, with a year-over-year change of 5.2%. This indicates that home prices in Dearborn Heights, MI are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $255,000 | 5.2% |
| Single Family | $257,000 | 4.9% |
| Condos | $173,000 | 4.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $182,000 | 7.1% |
3 Bed | $251,000 | 5.0% |
4 Bed | $442,000 | 6.2% |
| 5 Bed | $552,000 | 6.2% |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,790 |
| Studio Rent | N/A | N/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 |
% of Rental Stock
Property Listings — Dearborn Heights, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Dearborn Heights, MI is 48. This is a decrease of -2.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $285,000 | -5.0% |
Listing Count | 86 | 14.0% |
| Listings as % of Homes | 0.5% | 14.0% |
Days on Market | 48 | -2.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,900 | 11.9% |
% Under 18 | 25.6% | 2.4% |
% Seniors | 14.7% | -14.5% |
% WFH | 9.9% | 518.8% |
% w/ College Degree | 28.8% | 13.4% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $255,000 |
| Median Household Income | $63,100 |