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  1. Home
  2. /Browse ZIP Codes
  3. /Michigan
  4. /Dearborn, MI - 48126

Dearborn, MI—48126

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$241,000
5.0% YoY Growth
Household Income
$42,400
25.6% YoY Growth
Days on Market
28
14.0% Shorter YoY
Home Price Forecast
1.3%
Median Rent
$1,700
0.6% YoY Growth
1-Bed Rent
$1,100
56.6% YoY Growth
2-Bed Rent
$1,550
2.3% YoY Growth
3-Bed Rent
$1,900
2.6% YoY Growth

Other Zip Codes in Dearborn, MI

481204812448128
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Dearborn, MI

As of May '26, the median home price in Dearborn, MI is $241,000, with a year-over-year change of 5.0%. This indicates that home prices in Dearborn, MI are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$241,0005.0%
Single Family $240,0005.3%
Condos $300,000-0.7%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$177,0005.4%
    3 Bed
    		$236,0004.9%
    4 Bed
    		$280,0004.9%
    5 Bed $295,1364.9%
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    % of Housing Stock

    Studio
    2.9%
    1 Bedroom
    8.8%
    2 Bedrooms
    27.0%
    3 Bedrooms
    37.2%
    4 Bedrooms
    20.3%
    5+ Bedrooms
    3.8%

    Rental Trends — Dearborn, MI

    As of July '25, Rentcast reports the average rent in Dearborn, MI is $1,670, with a year-over-year rent change of 0.6%. Per bedroom, the median rent as of July '25 in Dearborn, MI is studios: $1,060, 1-bedrooms: $1,300, 2-bedrooms: $1,710, 3-bedrooms: $1,890, 4-bedrooms: $2,280. The most common rental property sizes in Dearborn, MI are 2-bedroom and 3-bedroom, accounting for 39.5% and 25.7% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,700$1,670
    Studio Rent $895$1,060
    1 Bed Rent $1,100$1,300
    2 Bed Rent $1,550$1,710
    3 Bed Rent $1,900$1,890
    4 Bed Rent $2,200$2,280
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    % of Rental Stock

    Studio
    5.8%
    1 Bedroom
    18.3%
    2 Bedrooms
    39.5%
    3 Bedrooms
    25.7%
    4 Bedrooms
    9.6%
    5+ Bedrooms
    1.2%

    Property Listings — Dearborn, MI

    As of May '26, Realtor.com reports that the median days on market for a home in Dearborn, MI is 28. This is a decrease of -14.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$280,000-15.0%
    Listing Count
    		50-18.0%
    Listings as % of Homes0.3%-18.0%
    Days on Market
    		28-14.0%
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    Demographics — Dearborn, MI

    As of the latest ACS Survey released in 2023, Dearborn, MI has a population of 52,100, which has increased by 8.3% over the past 5 years. Dearborn, MI is a popular place for families, as children make up 32.8% of the population. The area has a poorly educated workforce, with 24.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.2% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		52,1008.3%
    % Under 18
    		32.8%-3.8%
    % Seniors
    		10.9%16.0%
    % WFH
    		7.2%227.3%
    % w/ College Degree
    		24.4%17.9%
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    As of the latest ACS Survey released in 2023, Dearborn, MI is a predominantly white area, with 90.1% of the population identifying as white. The white population has grown by 0.4% in the last 5 years. The second most common race or ethnicity in Dearborn, MI is black, making up 2.8% of the population. Foreign-born residents account for 42.8% of the population in Dearborn, MI, and this percentage has increased by 1.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		90.1%0.4%
    % Black
    		2.8%40.0%
    % Hispanic
    		1.2%-36.8%
    % Asian
    		2.1%-19.2%
    % Foreign Born
    		42.8%1.9%
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    Mortgage and Risk — Dearborn, MI

    According to HUD data as of 2023, there were 376 mortgage originations in Dearborn, MI, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Dearborn, MI. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		376
    % Conventional Loans
    		84.0%
    % Government Loans
    		16.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		15.0%
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    Rentals and Section 8 — Dearborn, MI

    As of 2024, the percent of homes in Dearborn, MI under the Section 8 program is 3.0%. 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, MI, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

    Section 8 Market Size

    Total Units under HUD
    		396
    Total Units Section 8
    		198
    % Rentals under Section 8
    		3.0%
    % Occupied Section 8
    		85.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$60$1,100$1,040
    2 Bedroom-$240$1,550$1,310
    3 Bedroom-$300$1,900$1,600
    4 Bedroom-$460$2,200$1,740

    Affordability — Dearborn, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.6
    Median Home Price$241,000
    Median Household Income$42,400

    Dearborn, MI — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    48120

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    Mackenzie, Detroit, MI

    48227

    Frequently Asked Questions