Home prices
The cost of the median home in Dearborn is $143,000. It is roughly $65,620 (84%) higher in comparison to the surrounding areas.It is approximately $74,500 (34%) lower compared to the country as a whole, and it is roughly $93,800 (190%) higher in comparison to the city of Detroit.
Rents
The median rent in Dearborn is $1,022 per month. Compared to nearby areas this is approximately $151 (17%) higher.It is approximately $40 (3%) lower compared to the entire country, and compared to the city of Detroit is about $198 (24%) higher.
Nearby places
Melvindale
Melvindale is Dearborn's neighbor to the southeast. Housing prices there are significantly less expensive. The median home in Melvindale costs $64,300, which comes out to $78,700 (122%) lower than Dearborn. Its rents are a bit less expensive. The median rent in Melvindale is $856 a month, which works out to $166 (19%) lower than Dearborn.
Dearborn Heights
Dearborn Heights is Dearborn's neighbor to the west. The real estate prices there are somewhat less expensive. The median home in Dearborn Heights is valued at $113,800, which comes out to $29,200 (25%) lower than Dearborn. The rent there is similar. The median monthly rent in Dearborn Heights is $1,047, which works out to $25 (2%) higher than Dearborn.
Allen Park
Allen Park is Dearborn's neighbor to the south. Real estate prices there are somewhat less expensive. The median home in Allen Park is valued at $123,800, which is $19,200 (15%) lower than Dearborn. Rent there is similar. The median monthly rent in Allen Park is $980, which works out to $42 (4%) lower than Dearborn.
Inkster
Inkster is roughly 4 miles west of Dearborn. The housing prices there are a lot less expensive. The median home in Inkster costs $48,700, which is $94,300 (193%) lower than Dearborn. Its rents are a bit less expensive. In Inkster the median rent is $887 a month, which is $135 (15%) lower than Dearborn.
River Rouge
River Rouge is roughly 4 miles southeast of Dearborn. The housing prices there are a lot less expensive. The median home value in River Rouge is $36,300, which comes out to $106,700 (293%) lower than Dearborn. Its rents are substantially less expensive. In River Rouge the median rent is $585 per month, which comes out to $437 (74%) lower than Dearborn.
