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These days, finding an affordable place to live in the Dearborn area can be challenging. Home prices in Dearborn are now at a median cost of $238,176, lower than the Michigan average of $250,415.
The average cost of rent is $1,394/mo in Dearborn, primarily driven by the current value of real estate in the Dearborn area. In Dearborn, 31.61% of households rent, and 53.74% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Dearborn is $5,547 per month. Households that rent pay about 25.12% of their income on rent here. Dearborn’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Melvindale, MI: less expensive homes
- Dearborn Heights, MI: less expensive homes
- Allen Park, MI: less expensive homes
- River Rouge, MI: less expensive homes
- Inkster, MI: less expensive homes
- Lincoln Park, MI: less expensive homes
- Ecorse, MI: less expensive homes
- Garden City, MI: less expensive homes
- Redford, MI: less expensive homes
- Taylor, MI: less expensive homes
Cities with Similar Populations
- Tallahassee, FL: higher priced homes
- Union City, CA: higher priced homes
- Toledo, OH: less expensive homes
- Terre Haute, IN: less expensive homes
- Troy, MI: higher priced homes
- Tulsa, OK: equally priced homes
- Tonawanda, NY: less expensive homes
- Tuscaloosa, AL: higher priced homes
- Tacoma, WA: higher priced homes
- Tulare, CA: higher priced homes
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