Zip 48120 (Dearborn, MI) Housing

In 48120 Dearborn, MI, the median value of homes is $216,000. This is significantly lower than the US house median value of $338,100. In the last year, US house appreciation was 8.27%, while in 48120 Dearborn it has been 8.47%. This indicates that while real estate in Dearborn remains relatively affordable, its home values are still increasing at a steady rate.

The median home cost in Dearborn (zip 48120) is $216,000. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Dearborn (zip 48120) is up 13.1%.

Average Age of Homes

- The median age of Dearborn (zip 48120) real estate is 46 years old

The Rental Market in Dearborn (zip 48120)

- Renters make up 51.5% of the Dearborn (zip 48120) population
- 7.0% of houses and apartments in Dearborn (zip 48120), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Dearborn, Michigan	United States
	2,840.0	139,647,020.0
	50	42
	$216,000	$338,100
	13.1%	16.6%
	49.3%	57.0%
	109.8%	101.1%
	$18.49	$10.98
	$3,752	$2,690
	33.5%	57.4%
	8.1%	11.2%
	58.5%	31.4%
Vacant Housing
	7.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	1.1%	4.1%
Value of Owner-Occupied Housing
	1.4%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	7.5%	3.9%
	9.7%	4.5%
	20.8%	11.3%
	9.6%	13.0%
	34.0%	20.1%
	8.2%	13.6%
	4.6%	8.3%
	4.2%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.4%	13.6%
	3.4%	13.6%
	15.2%	13.6%
	13.7%	13.2%
	11.9%	14.8%
	15.2%	13.6%
	12.8%	10.0%
	8.6%	4.7%
	21.4%	12.2%

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