Why Live in Dearborn
Dearborn's rich automotive heritage comes alive through world-renowned attractions like The Henry Ford Museum of American Innovation, where visitors can see the Rosa Parks bus and JFK's limousine, and the Ford Rouge Factory Tour showcasing modern vehicle manufacturing. The city stands out for its cultural diversity, housing the Arab American National Museum and the Islamic Center of America, one of North America's largest mosques. The dining scene reflects this diversity through standout restaurants like Al Ameer's authentic Lebanese cuisine and Miller's Bar's famous ground round burgers served since 1941.
The housing market in Dearborn presents diverse options across distinct neighborhoods. The median sale price in Dearborn is $265,000. Cherry Hill Estates features upscale single family homes with a median price of $1,100,000, while Dearborn Hills commands a median price of $410,000 for single family homes. More moderate options exist in the Ford Homes Historic District, where the median single family home price is $269,900. Condominiums provide affordable entry points, with median prices of $70,000 for one bedroom units and $150,000 for two bedrooms.
Property taxes in Dearborn align with Wayne County's effective rate of 1.64%. Michigan's state income tax rate is 4.25%, and the combined sales tax rate is 6.00%. The city connects to Detroit, just 8 miles away, via the SMART bus system. Educational options include Henry Ford Early College, rated A by Niche, and the University of Michigan-Dearborn campus. Residents enjoy numerous recreational spaces including Ford Field Park, Ford Woods Park, and Crowley Park with its inclusive playground and splash pad.
Home Trends in Dearborn, MI
On average, homes in Dearborn, MI sell after 56 days on the market compared to the national average of 70 days. The median sale price for homes in Dearborn, MI over the last 12 months is $122,000, up 13% from the median home sale price over the previous 12 months.
Median Sale Price
$122,000
Median Single Family Sale Price
$505,000
Median Townhouse Sale Price
$265,000
Median 2 Bedroom Sale Price
$109,250
Median 1 Bedroom Sale Price
$64,900
Average Price Per Sq Ft
$132
Number of Homes for Sale
3
Last 12 months Home Sales
41
Median List Price
$122,000
Median Change From 1st List Price
8%
Median Home Sale Price YoY Change
13%
