Dearborn, MI

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Dearborn, MI Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Dearborn Housing Market Information

With a population of 94,491, 31,279 total housing units (homes and apartments), and a median house value of $140,197, house prices in Dearborn are solidly below the national average.

Single-family detached homes are the single most common housing type in Dearborn, accounting for 74.06% of the city's housing units. Other types of housing that are prevalent in Dearborn include large apartment complexes or high rise apartments ( 12.33%), duplexes, homes converted to apartments or other small apartment buildings ( 8.85%), and a few row houses and other attached homes ( 4.38%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Dearborn. Owner-occupied housing accounts for 65.50% of Dearborn's homes, and 61.53% 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 59.43% of the city's housing hails from this era. Other housing ages represented in Dearborn include homes built before 1939 ( 23.26%) and housing constructed between 1970-1999 ( 14.62%). There's also some housing in Dearborn built between 2000 and later ( 2.69%).

Dearborn Home Appreciation Rates

Appreciation rates for homes in Dearborn have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 24.70%, which ranks in the top 30% nationwide. This equates to an annual average Dearborn house appreciation rate of 2.23%.

Appreciation rates are so strong in Dearborn that despite a nationwide downturn in the housing market, Dearborn real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Dearborn appreciation rates continue to be some of the highest in America, at 6.99%, which is higher than appreciation rates in 73.24% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Dearborn. Dearborn appreciation rates in the latest quarter were at 2.90%, which equates to an annual appreciation rate of 12.11%.

Relative to Michigan, our data show that Dearborn's latest annual appreciation rate is higher than 70% 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 2000, to assist you in making the best Dearborn real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,404,000 0.0
$1,053,001 - $1,404,000 0.3
$702,001 - $1,053,000 1.1
$562,001 - $702,000 0.8
$421,001 - $562,000 3.0
$281,001 - $421,000 9.5
$140,001 - $281,000 41.5
$70,001 - $140,000 33.8
$0 - $70,000 10.1

Average for MI
Low for Nation

Value Relative to Nation Value Relative to State
60.3503649635036 52.724358974359

Number Of Homes And Apartments:

Dearborn Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2018 Q2 - 2018 Q3
Last 12 Months:
2017 Q3 - 2018 Q3
Last 2 Years:
2016 Q3 - 2018 Q3
Last 5 Years:
2013 Q3 - 2018 Q3
Last 10 Years:
2008 Q3 - 2018 Q3
Since 2000:
2000 Q1 - 2018 Q3
1.94% 0.10%
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,451 / per month

Homeownership Rate

Owners 65.50
Renters 34.50
Vacant 9.82

Housing Market Details


Age of Homes

2000 or Newer 2.7
1970 - 1999 14.6
1940 - 1969 59.4
1939 or Older 23.3

Types of Homes

Single-Family 74.1
Townhomes 4.4
Small Apt. Buildings 8.9
Apt. Complexes 12.3
Mobile Homes 0.4
Other 0.0

Home Size

No Bedroom 2.64
1 Bedroom 8.33
2 Bedrooms 24.57
3 Bedrooms 47.61
4 Bedrooms 13.92
5 or more bedrooms 2.93