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City

ZIP codes

Dearborn, MI · 48121

ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $61K, +1.7% YoY (county); renters hold 35.2% of county households. See the people evidence ↓

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Computed from this page's data: . The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

Median Listing Price

Population

700,591

Median Days on Market

Active Listings

New Listings

Housing Market

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 801,083

801Kunits

Occupied700,59187.5%

Vacant100,49212.5%

2024 Tenure ⓘ

U.S. Census ACS · n = 700,591

701Koccupied

Owner453,65264.8%

Renter246,93935.2%

Renter Share

35.2%-0.8% YoY

Total Housing Units

801,083+0.6% YoY

FY2026 Fair Market Rent

CountyWayne County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,009

/month

1 BR

$1,122

/month

2 BR

$1,411

/month

3 BR

$1,724

/month

4 BR

$1,868

/month

FMR trends · Wayne County

HUD Fair Market Rents · FY1983–FY2026

County Demographics

County population is down 0.1% to 1,772,259: residents under 18 are down 0.6% and those 65 and over are up 2.5%.

Median Age

37.92024

Population

Wayne County Population

1,771,063+0.5% YoY

Households

Total Households

700,591+1.0% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.50-1.2% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 1,772,259

1.8Mresidents

Under 18418,68723.6%

Adults 18–641,060,04959.8%

65 & Over293,52316.6%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

418,687-0.6% YoY

Population 65 & Over

293,523+2.5% YoY

Median Age

37.90+0.3% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house89.9%

Moved (within US)9.4%

Other0.7%

Veterans

4.8%-5.9% YoY

County Economy

County median household income is $61K, 20.8% of residents are below the poverty level, 14.1% work from home.

Income

Median Household Income

$61K+1.7% YoY

Per-Capita Income

$35K+2.8% YoY

Mean Household Income

$86K+2.1% YoY

Poverty

Below Poverty Level

20.8%+3.5% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone71.9%

Public transit1.8%

Worked from home14.1%

Other12.2%

Worked From Home

14.1%+13.7% YoY

Mean Commute

24.70-1.2% YoY

Done with 48121? Put it next to another market.

State

City

Compare with

City

State

City

ZIP codes

Dearborn, MI · 48121

ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $61K, +1.7% YoY (county); renters hold 35.2% of county households. See the people evidence ↓

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Median Listing Price

Population

700,591

Median Days on Market

Active Listings

New Listings

Housing Market

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 801,083

801Kunits

Occupied700,59187.5%

Vacant100,49212.5%

2024 Tenure ⓘ

U.S. Census ACS · n = 700,591

701Koccupied

Owner453,65264.8%

Renter246,93935.2%

Renter Share

35.2%-0.8% YoY

Total Housing Units

801,083+0.6% YoY

FY2026 Fair Market Rent

CountyWayne County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,009

/month

1 BR

$1,122

/month

2 BR

$1,411

/month

3 BR

$1,724

/month

4 BR

$1,868

/month

FMR trends · Wayne County

HUD Fair Market Rents · FY1983–FY2026

County Demographics

County population is down 0.1% to 1,772,259: residents under 18 are down 0.6% and those 65 and over are up 2.5%.

Median Age

37.92024

Population

Wayne County Population

1,771,063+0.5% YoY

Households

Total Households

700,591+1.0% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.50-1.2% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 1,772,259

1.8Mresidents

Under 18418,68723.6%

Adults 18–641,060,04959.8%

65 & Over293,52316.6%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

418,687-0.6% YoY

Population 65 & Over

293,523+2.5% YoY

Median Age

37.90+0.3% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house89.9%

Moved (within US)9.4%

Other0.7%

Veterans

4.8%-5.9% YoY

County Economy

County median household income is $61K, 20.8% of residents are below the poverty level, 14.1% work from home.

Income

Median Household Income

$61K+1.7% YoY

Per-Capita Income

$35K+2.8% YoY

Mean Household Income

$86K+2.1% YoY

Poverty

Below Poverty Level

20.8%+3.5% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone71.9%

Public transit1.8%

Worked from home14.1%

Other12.2%

Worked From Home

14.1%+13.7% YoY

Mean Commute

24.70-1.2% YoY

Done with 48121? Put it next to another market.