There are currently 21,871 real estate properties in Dearborn Heights, MI, with a median automated valuation model (AVM) price of $160,600.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Dearborn Heights, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Dearborn Heights, MI, is $189,453.00, with the most expensive house in Dearborn Heights, MI, topping out at $2,147,000.00 and the cheapest home in Dearborn Heights, MI, clocking in at $15,200.00. In other words, there’s something for every potential homebuyer or savvy investor in Dearborn Heights, MI!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Dearborn Heights, MI, is on a rollercoaster ride. The average rent price in Dearborn Heights, MI, is $1,332.00. Indeed, when looking to rent in Dearborn Heights, MI, you can expect to pay as little as $640.00 or as much as $3,220.00, with the average rent median estimated to be $1,290.00. The good news is that finding an affordable and desirable property to rent in Dearborn Heights, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Dearborn Heights, MI area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Dearborn Heights, MI and much more. Save thousands at closing with home foreclosure listings in Dearborn Heights, MI — up to 75% off market value!
Dearborn Heights is located in Wayne, Michigan, with an estimated municipal population of 55,353 residents. All of the best foreclosed homes for sale in Dearborn Heights are located in the following zip code areas on Foreclosure.com: 48127 48125. The estimated population per square kilometer (.62 miles) in Dearborn Heights is 1,820.
So, about how much do homes cost in Dearborn Heights? The most recent median value of resident-owned homes in Dearborn Heights is 114,738. An estimated 72.2 percent of households in Dearborn Heights own their homes, with an average family size of 3.45. The median household income in Dearborn Heights is 49,750, with18.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Dearborn Heights, the median commute time of resident workers (in minutes) is 23.5. And last, but certainly not least, are you looking for homes to rent in Dearborn Heights? If so, the average rent price paid by renters in Dearborn Heights is 1,047, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Dearborn Heights, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Dearborn Heights is 36.9, split between 49.1 percent male versus 50.9 female. The percentage of residents who report being married in Dearborn Heights is 44.2, with an average family size of 3.45.
The percentage of residents who report their race in Dearborn Heights is as follows:
|Black / African American||7.9%|
|American Indian / Alaskan Native||0.3%|
|Native Hawaiian / Other Pacifc Islander||0.2%|
Looking for family-friendly neighborhoods in and/or near Dearborn Heights? Or maybe you are searching for 55+ active adult communities in and/or near Dearborn Heights?
The percentage of residents who report their age in Dearborn Heights is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Dearborn Heights with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Dearborn Heights.
How do you know that living in -- or moving to -- Dearborn Heights is right where you need to be? Perhaps you grew up in Dearborn Heights or already live nearby; therefore, the decision to buy a home in Dearborn Heights is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Dearborn Heights for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Dearborn Heights:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Dearborn Heights.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Dearborn Heights can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Dearborn Heights, meanwhile, can field multiple offers from more qualified buyers.