The typical owner-occupied home in Dearborn Heights is worth about $185,100, 20% below the Michigan median of $231,600 and 44% below the national median of $332,700. Owners pay a median $3,036 a year in property taxes, about 1.64% of their home's value, higher than the Michigan rate of 1.25%. The median household earns $60,391 a year, so the median home costs 3.1 times the median income (3.2 times for Michigan). 70% of occupied homes here are lived in by their owners, and 49% of those owners still have a mortgage.
Dearborn Heights at a glance
| Dearborn Heights | Michigan | U.S. | |
|---|---|---|---|
| Median home value | $185,100 | $231,600 | $332,700 |
| Median property tax paid per year | $3,036 | $2,904 | $3,119 |
| Property tax as a share of value | 1.64% | 1.25% | 0.94% |
| Median household income | $60,391 | $72,875 | $80,734 |
| Homes lived in by their owners | 70% | 73% | 65% |
| Owner homes with a mortgage | 49% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,476 | $1,569 | $1,963 |
| Those costs as a share of the owners' income | 23.5% | 19.3% | 21.0% |
| Median rent | $1,331 | $1,129 | $1,413 |
| Rent as a share of renters' income | 31.6% | 30.2% | 30.6% |
| Median year homes were built | 1958 | 1972 | 1980 |
| Vacant homes | 6.6% | 11.8% | 10.1% |
| Population | 61,771 | 10,077,761 | 334,922,499 |
What a typical home costs per month in Dearborn Heights
At this week's average 30-year rate of 7.11%, buying the median Dearborn Heights home of $185,100 with 20% down costs about $1,326 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,635, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $56,839 for the 20%-down payment. That payment is 26% of the median Dearborn Heights household income of $60,391; at that income and 20% down, the 28% guideline points to a home of about $197,000.
The median rent here is $1,331 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $37,020 |
|---|---|
| Loan amount | $148,080 |
| Principal and interest | $996 |
| Property taxes (1.64% a year) | $253 |
| Homeowners insurance (our estimate, 0.5% a year) | $77 |
| PMI | $0 |
| Total per month | $1,326 |
Change the numbers in the calculator
| Down payment | $6,478 |
|---|---|
| Loan amount | $181,747 |
| Principal and interest | $1,223 |
| Property taxes (1.64% a year) | $253 |
| Homeowners insurance (our estimate, 0.5% a year) | $77 |
| FHA mortgage insurance | $82 |
| Total per month | $1,635 |
Change the numbers in the calculator
Questions about home buying in Dearborn Heights
What is the median home value in Dearborn Heights?
About $185,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Dearborn Heights?
Homeowners pay a median $3,036 a year, which is about 1.64% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Dearborn Heights?
For the median home with 20% down at 7.11%, the payment is about $1,326 a month. Keeping that under 28% of gross income takes about $56,839 a year.
More about Dearborn Heights
- Mortgage Refinance in Dearborn Heights
- Debt Relief in Dearborn Heights
- Home Equity Loans in Dearborn Heights
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data