Zip 48124 (Dearborn, MI) Housing

The housing market in 48124 Dearborn, MI is staying consistent with the national average. The median value of homes in the area is $187,300, compared to the US median value of $338,100. Furthermore, the 1 year appreciation rate of homes in this area is 8.47%, which is slightly higher than the US rate of 8.27%. This indicates that there are strong investments and economic growth in this region that could be advantageous for potential home buyers.

The median home cost in Dearborn (zip 48124) is $187,300. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Dearborn (zip 48124) is up 13.1%.

Average Age of Homes

- The median age of Dearborn (zip 48124) real estate is 65 years old

The Rental Market in Dearborn (zip 48124)

- Renters make up 18.8% of the Dearborn (zip 48124) population
- 1.1% of houses and apartments in Dearborn (zip 48124), 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
	14,411.0	139,647,020.0
	68	42
	$187,300	$338,100
	13.1%	16.6%
	49.3%	57.0%
	109.8%	101.1%
	$23.55	$10.98
	$3,605	$2,690
	73.8%	57.4%
	7.1%	11.2%
	19.1%	31.4%
Vacant Housing
	1.1%	1.9%
	0.3%	0.4%
	1.2%	0.7%
	0.4%	0.4%
	1.2%	3.6%
	3.0%	4.1%
Value of Owner-Occupied Housing
	1.6%	2.6%
	0.9%	2.4%
	1.8%	2.8%
	3.2%	3.9%
	7.2%	4.5%
	33.7%	11.3%
	18.7%	13.0%
	20.6%	20.1%
	5.1%	13.6%
	2.3%	8.3%
	2.5%	9.7%
	1.9%	3.9%
	0.2%	2.2%
	0.2%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	2.8%	13.6%
	2.8%	13.6%
	1.8%	13.6%
	2.7%	13.2%
	6.2%	14.8%
	1.8%	13.6%
	40.5%	10.0%
	23.0%	4.7%
	15.4%	12.2%

Reviews for Dearborn

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Ian · Dearborn, MI

Very underrated town - love it!

Over 3 years ago

Dearborn is a really underrated town! I moved to west Dearborn from Plymouth three and a half years ago, and I like it more in almost every way. Ridiculously better More

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Stanley · Dearborn, MI

Crime in the 48124

Over 18 years ago

You better start locking your doors and windows with recent rashes of break More

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