Surrounding Submarket Area
Dearborn, Michigan is a part of the Dearborn/Dearborn Heights Submarket submarket area, and contains 6 zip codes: 48120, 48121, 48124, 48128, 48123, and 48126.
Dearborn Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Dearborn, MI submarket area was $995, which is 16.51% lower than 2014 average rent. This represents a compounded annual growth rate of 3.10%. 2019 vacancy in Dearborn, MI was 2.40%.
The total population of the city of Dearborn, MI has decreased 3.89% since 2010. As of 2018, the population was 94,333. The median household income of the Dearborn was $52,498, which is 12.93% lower than the national average.
Submarket Area
Avg Rent
Rent Growth
Vacancy
Median Income
Population (2018)
Population Growth
Vs. Nat’l Avg
Zip Codes
Dearborn / Dearborn Heights Submarket
$995
16.51%
2.40%
$52,498
94,333
-3.89%
12.93%
48120 48121 48123 48124 48126 48128
Submarket Area Dearborn / Dearborn Heights Submarket
Avg Rent $995
Rent Growth 16.51%
Vacancy 2.40%
Median Income $52,498
Population (2018) 94,333
Population Growth -3.89%
Vs. Nat’l Avg 12.93%
Zip Codes 48120 48121 48123 48124 48126 48128

