The Most Affordable Neighborhoods in West Downtown Dearborn, Dearborn, MI by Home Value

 

West Downtown Dearborn, Dearborn, MI Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the West Downtown Dearborn area can be challenging. Home prices in West Downtown Dearborn are now at a median cost of $145,061, lower than the Dearborn average of $186,393.

The average cost of rent is $758/mo in West Downtown Dearborn, primarily driven by the current value of real estate in the West Downtown Dearborn area. While nearly 50.66% of residents own their homes outright in West Downtown Dearborn, 31.02% rent.

Housing affordability isn’t just about home prices, though. The average household income in West Downtown Dearborn is $5,234 per month. Households that rent pay about 14.48% of their income on rent here. West Downtown Dearborn's most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the neighborhood.


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