The housing market in Dearborn Heights, MI is steadily increasing. The median value of a house in Dearborn Heights is currently $181,500 which is significantly lower than the US median value of $338,100. Additionally, the 1-year house appreciation rate for Dearborn Heights has been 8.47%, slightly higher than the national average of 8.27%. This indicates a healthy and growing housing market in Dearborn Heights that shows no signs of slowing down anytime soon.
The median home cost in Dearborn Heights is $181,500. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Dearborn Heights is up 13.1%.
Average Age of Homes
- The median age of Dearborn Heights real estate is 59 years old
The Rental Market in Dearborn Heights
- Renters make up 23.3% of the Dearborn Heights population
- 0.9% of houses and apartments in Dearborn Heights, 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.