Dearborn, Michigan.
Typical home $247,561 (+3.8% in a year), asking rent $1,861 (+3.2%). Detroit-Warren-Dearborn, MI metro.
to buy the typical home at today's mortgage rate — +$758 (+140%) since Jan 2020.
- 1 year
- Up $9,044 +4%
- $238,517$247,561 since Sep 2025
- 5 years
- Up $61,255 +33%
- $186,307$247,561 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Dearborn$1,299
- Michigan$1,384
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 12 years.
Typical home values in Dearborn, MI rose 3.8% over the past year — faster than the nation's +1.2%.
Asking rents in Dearborn, MI rose 3.2% over the past year — faster than the nation's +2.7%.
Owning the typical home in Dearborn runs $39/mo more than renting one. The gap peaked at $521 in Sep 2021.
That is $1,900 a month against $1,861 rent: a $1,299 mortgage payment, plus $336 property tax and $265 insurance & upkeep.
Owning vs renting — Dearborn
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$1,900
- Renting$1,861
- Mortgage only$1,299
Property tax · $336/mo 1.63% of value a year — the ACS 2020-2024 median bill over the median home value for Wayne County, MI
Insurance & upkeep · $265/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Dearborn, Wayne County, Michigan
Dearborn is a city of 109,976 people in Wayne County. Half its households earn more than $65,324 a year and half less, against $60,539 across Wayne County; 24% of its people live below the poverty line. 68% of its homes are lived in by their owners and 32% are rented. Unemployment in Dearborn was 5.4% in August 2026, and Wayne County had 0.6% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Dearborn is a city in Wayne County with a younger population than many American cities. Most homes are lived in by their owners, and household incomes run above the county's, though a good number of residents live below the poverty line. Winters are cold and snowy, with January the coldest month, and summers are warm, with July the warmest. Rain and melted snow fall through the year.
Work. Dearborn is closely tied to the auto industry, and Ford Motor Company runs several operations in the city, from engineering to assembly and metal stamping. Corewell Health's hospital and the Dearborn City School District are also among the largest workplaces. Residents work mostly in schools, hospitals and social care, followed by manufacturing, shops, and restaurants, hotels and entertainment. Unemployment is higher than a year ago, and Wayne County has fewer jobs than it did the year before.
Things to do. The Henry Ford and the Automotive Hall of Fame are both museums in or beside town. A short drive away, the Detroit Institute of Arts is an art museum, and Comerica Park and Ford Field are stadiums. For water, the Detroit River and Lake Saint Clair are a longer drive away.
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- 36,695households
- 35%of adults have a degree
- 24%below the poverty line
- 22 mintypical commute
- 13%work from home
What residents work in
Employed residents by industry, from the Census survey. Wayne County had 721,389 jobs in 2025, 0.6% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 32° and lows near 18°; warmest in July, with highs near 84° and lows near 62°. About 31 inches of snow and 35 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Dearborn weather station, a mile away (NOAA).
Largest workplaces in Dearborn
- Ford Motor CompanyEngineering services5,302
- Ford Motor CompanyAssembly plants, light trucks on chassis of own manufacture4,500
- Ford Motor CompanyAutomotive manufacturer-business operations3,523
- Ford Motor CompanyMotor vehicle metal stamping3,388
- Corewell Health- DearbornGeneral hospital3,241FTE
- Dearborn City School DistrictSchool district2,536FTE
- The Henry FordHistorical museums1,335
- Ford Engineering Lab (YR 2017+)Engineering services1,159
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 72 workplaces with 20 or more staff, 35,474 people in all. Hospitals come from their Medicare cost reports (CMS, 2023) and school districts from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Cold wavesRelatively high
- Heat wavesrelatively high in parts of DearbornRelatively moderate
- Strong windRelatively moderate
- TornadoesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Dearborn’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Wayne County and the Detroit-Warren-Dearborn, MI metro.
Dearborn home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Dearborn$247,561
- Michigan$263,760
- United States$366,157
Sellers are cutting prices on about 1 in 4 Dearborn listings, and the typical home goes pending in 10 days — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Dearborn27.97%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Dearborn10
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Dearborn216
New listings per month
Sellers arriving at the market.
- Dearborn94
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Dearborn$267,603
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Dearborn99.72%
Zip codes with a Dearborn address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Dearborn — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Dearborn
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 48126 | Dearborn | 51,997 | $1,839 | $236,680 |
| 48124 | Dearborn | 34,479 | $1,952 | $235,931 |
| 48128 | Dearborn | 12,624 | $2,150 | $306,777 |
| 48120 | Dearborn | 8,323 | $1,588 | $252,431 |