Dearborn, MI Real Estate
According to census data in the year 2000 there were 38,981 housing units in Dearborn.
This represents a 5.6% growth from 36,929 in 1990.
Of those housing units, 38,981 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Dearborn is about 73.5%.
Dearborn's vacancy rate, including seasonal lodging, is about 5.7%.
Average household size is 2.65 people.
The majority of houses, apartments or condos in Dearborn were built after 1950.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.90% |
| One Bedroom | 11.70% |
| Two Bedrooms | 27% |
| Three Bedrooms | 46.20% |
| Four Bedrooms | 11.40% |
| Five Bedrooms or more | 1.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.77 |
| Median year structure was built | 1949 |
| Median Value of occupied units | $129,300 |
| Median Price asked for vacant units | $133,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.32 |
| Median year structure was built | 1953 |
| Median Monthly Rent asked for vacant units | $618 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 3.50% |
| Home Equity Loan | 8.80% |
| Simple Mortgage | 49.50% |
| Debt Free | 38% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.5% |
