Dearborn, MI

Population: 95,884
Average annual home appreciation rate: 1.55%
Total of homes for sale in this market: 508
Median home price: $123,459
Median Rent: $1,129 per room
Home price range: 40.00% of homes are between $120,001 – $239,000
Median sales price: $100,000
Number of homes: 171
Median foreclosure sales price: $73,576
Foreclosure discount: 26%
Most common home type: 75.48% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 10.51%
Number of renters: 30.35%
Number of owner occupied: 69.65%
Number people living below poverty level: 27.52%
Unemployment rate: 5.10%
Is this area perfect for real estate deals going on right now? Data shows, this makes Dearborn one of the highest appreciating communities in the nation for the latest quarter, and may signal the city’s near-future real estate investment strength. With Lower prices on their homes, higher rents, multiple troubled properties with great discounts on them… Dearborn could be a great place for the start up investor, or the veteran.

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