Dearborn, MI is a city located in Wayne County with a population of 95,171 people according to 2019 U.S. Census estimates. The median value for a house in Dearborn is $250,700 which is significantly lower than the national median housing value of $338,100. Despite this discrepancy, there has been significant appreciation in the housing market over the past year at 8.47%, which is slightly higher than the nation's 8.27% appreciation rate. This indicates that the real estate market in Dearborn is competitive and provides potential for investors and new home owners alike.
The median home cost in Dearborn (zip 48128) is $250,700. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Dearborn (zip 48128) is up 13.1%.
Average Age of Homes
- The median age of Dearborn (zip 48128) real estate is 66 years old
The Rental Market in Dearborn (zip 48128)
- Renters make up 12.7% of the Dearborn (zip 48128) population
- 0.0% of houses and apartments in Dearborn (zip 48128), 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.