Dearborn Heights, MI—48125
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 $161,000, with a year-over-year change of 4.5%. This indicates that home prices in Dearborn Heights, MI are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $161,000 | 4.6% |
| Single Family | $161,000 | 4.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $128,000 | 4.9% |
3 Bed | $167,000 | 4.4% |
4 Bed | $185,000 | 2.8% |
| 5 Bed | $235,000 | 4.0% |
% of Housing Stock
Rental Trends — Dearborn Heights, MI
As of July '25, Rentcast reports the average rent in Dearborn Heights, MI is $1,480, with a year-over-year rent change of 5.7%. Per bedroom, the median rent as of July '25 in Dearborn Heights, MI is 1-bedrooms: $999, 2-bedrooms: $1,350, 3-bedrooms: $1,650, 4-bedrooms: $1,720. The most common rental property sizes in Dearborn Heights, MI are 3-bedroom and 2-bedroom, accounting for 60.9% and 22.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,480 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $999 | $999 |
| 2 Bed Rent | $1,400 | $1,350 |
| 3 Bed Rent | $1,650 | $1,650 |
| 4 Bed Rent | $1,700 | $1,720 |
% 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 35. This is a decrease of -4.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $176,000 | 1.0% |
Listing Count | 99 | 20.0% |
| Listings as % of Homes | 0.5% | 20.0% |
Days on Market | 35 | -4.0% |
Demographics — Dearborn Heights, MI
As of the latest ACS Survey released in 2023, Dearborn Heights, MI has a population of 22,200, which has increased by 8.6% over the past 5 years. Dearborn Heights, MI is a moderately popular place for families, as children make up 24.0% of the population. The area has a poorly educated workforce, with 15.7% 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 | 22,200 | 8.6% |
% Under 18 | 24.0% | 3.9% |
% Seniors | 15.6% | 9.9% |
% WFH | 9.9% | 395.0% |
% w/ College Degree | 15.7% | 2.6% |
As of the latest ACS Survey released in 2023, Dearborn Heights, MI is a predominantly white area, with 76.4% of the population identifying as white. The white population has shrunk by 6.4% in the last 5 years. The second most common race or ethnicity in Dearborn Heights, MI is black, making up 10.5% of the population. Foreign-born residents account for 11.0% of the population in Dearborn Heights, MI, and this percentage has increased by 8.9% 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 | 76.4% | -6.4% |
% Black | 10.5% | 34.6% |
% Hispanic | 8.6% | 34.4% |
% Asian | 0.2% | -81.8% |
% Foreign Born | 11.0% | 8.9% |
Mortgage and Risk — Dearborn Heights, MI
According to HUD data as of 2023, there were 344 mortgage originations in Dearborn Heights, MI, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 52.0% above 90% LTV (very high). This implies large mortgage risk in Dearborn Heights, MI. Investor activity is low, as 6.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 344 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
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 6.8%. 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. In Dearborn Heights, MI, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 182 |
Total Units Section 8 | 182 |
% Rentals under Section 8 | 6.8% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $231 | $999 | $1,230 |
| 2 Bedroom | $150 | $1,400 | $1,550 |
| 3 Bedroom | $250 | $1,650 | $1,900 |
| 4 Bedroom | $360 | $1,700 | $2,060 |
Affordability — Dearborn Heights, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $161,000 |
| Median Household Income | $59,500 |