Market Overview
Home Prices in Dearborn, MI
The median home value in Dearborn, MI is $255,121 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.6% compared to a year ago and up 5.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Dearborn are priced38% below average. Dearborn is part of the Detroit-Warren-Dearborn, MI metro area.
Over the past five years, Dearborn home values have risen by approximately33.6%, reflecting strong long-term appreciation in this market.
Price History
Dearborn Home Price Trend
City Comparison
Dearborn vs. National Median
At $255,121, homes in Dearborn cost 38% below the national median of $410,000. This makes Dearborn a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Dearborn?
20% Down Payment
$51,024
on $255,121
Monthly P&I
$1,331/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,690/mo
incl. taxes & insurance
Income Needed
$67,600
gross annual (30% rule)
10% Down Option
$25,512
+ PMI applies
Loan Amount (20% dn)
$204,097
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Dearborn, MI?
The median home value in Dearborn is $255,121 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.6% year-over-year.
How much have home prices changed in Dearborn?
Over the past year, home values in Dearborn have increased by 4.6%. Over five years, prices have risen approximately 33.6%.
How much do I need to earn to buy a home in Dearborn?
To comfortably afford the median home price of $255,121 with a 20% down payment ($51,024) at today's rates (6.8%), you'd need a gross annual income of approximately $67,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Dearborn compare to the national average home price?
The national median home value is approximately $410,000. At $255,121, homes in Dearborn are 38% below the national average.
What metro area is Dearborn part of?
Dearborn is part of the Detroit-Warren-Dearborn, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.