The median value of housing in Dearborn, MI is $203,700, which is much lower than the US average of $338,100. Despite this discrepancy in value, the 1 year house appreciation rate in Dearborn is comparable to that of the US at 8.47%, showing that it's a great place to invest in property. The city offers a wide range of housing options with prices fit for any budget and a population friendly to newcomers. With its safe neighborhoods and many local amenities, Dearborn has become one of the most desirable places to live in Michigan.
The median home cost in Dearborn is $203,700. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Dearborn is up 13.1%.
Average Age of Homes
- The median age of Dearborn real estate is 66 years old
The Rental Market in Dearborn
- Renters make up 28.7% of the Dearborn population
- 1.5% of houses and apartments in Dearborn, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.