Dearborn appreciation rates and housing market information

Dearborn housing market information

With 97,775 people, 38,981 houses or apartments, and a median cost of homes of $144,979, Dearborn real estate and house prices are near the national average for all cities and towns.

single-family detached homes are the single most common housing type in Dearborn, accounting for 69.98% of the city's housing units. Other types of housing that are prevalent in Dearborn include large apartment complexes or high rise apartments (13.77%), duplexes, homes converted to apartments, or other small apartment buildings (11.16%), and a few row houses and other attached homes (4.69%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Dearborn. Owner-occupied housing accounts for 69.29% of Dearborn's homes, and 57.66% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Dearborn's housing was primarily built during this period, from the '40s through the '60s. A full 61.32% of the city's housing hails from this era. Other housing ages represented in Dearborn include homes built between 1939 and earlier (22.37%), and housing constructed from 1970-1994 (12.96%). There's also some housing in Dearborn built between 1995 and later (3.35%).

Dearborn home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Dearborn, where house values have increased just 11.00%, which is an average annual increase of 1.10%. NeighborhoodScout's data show that in the latest quarter, Dearborn house values appreciated 3.02%, which is an annualized rate of 12.08%. This rate is lower than the appreciation rate found in 10% of the cities and towns in America.

Over the last year, Dearborn appreciation rates have trailed the rest of the nation. In the last twelve months, Dearborn's appreciation rate has been -10.98%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Dearborn were at 3.02%, which equates to an annual appreciation rate of 12.08%.

Importantly, this makes Dearborn one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Michigan, our data show that Dearborn's latest annual appreciation rate is higher than 4% of the other cities and towns in Michigan.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Dearborn differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Dearborn - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Dearborn real estate investment or home purchase decisions.