Dearborn Hills, Wayne County, MI

Median Home Price Price

$392,569 $392.6K

Median Monthly Rent Rent

$1,781 $1.8K

18.0x

Market Snapshot

Dearborn Hills, Wayne County, MI is a neighborhood market with a median home price of $392,569, a median monthly rent of $1,781, a GRM of 18.0x, and a price-to-rent ratio of 18.4.

Comparable Markets

Use related neighborhood markets across same-county, in-state, and outside-state scopes as a starting point for side-by-side review of price, rent, GRM, and recent trend context.

More markets to explore

Explore the data
Region Show
Springwells Park
$318K $1.6K 16.0x
Ford Historic District Explore deeper
$283K $1.6K 14.0x
North Dearborn Park
$343K $1.8K 16.0x

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
Avondale Square, Ingham County, MI
$254K $1.5K 14.0x

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
Sherman, Dane County, WI
$310K $1.6K 16.0x
Wallen Hills, Allen County, IN
$200K $1.6K 10.0x
Dogwood Azalea, Daviess County, KY
$205K $1.1K 16.0x

Home prices

Monthly rent

GRM = home price / annual rent

Dearborn Hills

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Benchmark comparison

Rent in Dearborn Hills, MI is 8.0% higher than Springwells Park, MI.

Compare to Springwells Park, MI
Dearborn Hills, MI
Springwells Park, MI
Delta
Median rent
$1,781
$1,649
-$132
Median price
$392,569
$317,769
-$74,800
YoY change
+$161
+$157
-$4
Price-to-rent
18.4x
16.1x
-2.3x

Key takeaways

  • Dearborn Hills, Wayne County, MI has a middle-grm screening profile: At 18.0x GRM, price and rent sit in a less extreme screening range.
  • The investment thesis may depend more on trend quality and local context than on GRM alone.
  • Rent momentum is positive, with median rent up about $161 year over year.
  • Rent in Dearborn Hills, MI is 8.0% higher than Springwells Park, MI.