Dearborn Heights, Michigan Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Dearborn Heights, Michigan rental market.
Highlights
An apartment for rent in Dearborn Heights, Michigan typically goes for $1,153 per month, while a single-family home for rent in Dearborn Heights, Michigan has a monthly cost of around $1,945. Renter-occupied units make up 28% of the local housing market, while the rental vacancy rate in Dearborn Heights, Michigan is at 3.6.
Dearborn Heights, Michigan
Average Apartment Rent
$1,153
Y-o-Y Change in Average
Apartment Rent
12.4%
Average Single-Family Rent
$1,945
As of November 2024
Compared to a year ago, Dearborn Heights, Michigan apartments have recorded a 12.4% rent increase.
Dearborn Heights, Michigan Average apartment rent trend
Dearborn Heights, Michigan Average Apartment Rent
Dearborn Heights, Michigan Apartment rent ranges
At 81.13%, apartments priced $1,000 - $1,500 represent the bulk of Dearborn Heights, Michigan rentals, while condos priced $700 - $1000 hold the lowest share of the market – 18.87%.
Dearborn Heights, Michigan Housing tenure**
Renters take up 28% of Dearborn Heights, Michigan real estate, occupying a total of 6,227 units, while homeowners live in 15,843 properties.
Median number of rooms of renter-occupied housing units**
4.9
Renter median household income**
$42,037
Average household size of renter-occupied housing units**
2.63
Rental vacancy rate**
3.6%
Dearborn Heights, Michigan Renter-occupied housing units by no. of bedrooms**
There are 2,559 rentals in Dearborn Heights, Michigan with 3 beds making up the highest share of the market, at 41%. Units with No bedrooms, on the other hand, hold the lowest percentage (1%), amounting to 45 units. Overall, the median number of rooms in Dearborn Heights, Michigan homes for rent is 4.9.
Dearborn Heights, Michigan Renter-occupied units by age of householder**
Most condos for rent in Dearborn Heights, Michigan are occupied by residents in the 25 - 34 years age group (24%), followed by those in the 35 - 44 years age group (21%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Dearborn Heights, Michigan Renter-occupied housing units by family type**
Dearborn Heights, Michigan Renter-occupied housing units by the presence of own children**
A total of 3,680 apartments for rent in Dearborn Heights, Michigan, or 59% of all rentals are family households. Additionally, 37% of rental homes include children under the age of 18 – that’s 2,280 units. All in all, the median size of a renter-occupied household in Dearborn Heights, Michigan is 2.63.
Dearborn Heights, Michigan Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 22% of the rental market. In contrast, residents with less than a high school degree reside in 11% of the homes for rent in Dearborn Heights, Michigan.
Dearborn Heights, Michigan Renter-occupied units by year structure built**
The highest share of Dearborn Heights, Michigan apartment rentals, namely 36% or 2,236 units, were Built 1950 - 1959, followed by those Built 1960 - 1969 (22%, 1,400 units), and the ones Built 1970 - 1979 (18%, 1,133 units).
Dearborn Heights, Michigan Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Dearborn Heights, Michigan renters (50%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Dearborn Heights, Michigan condos for rent is 2016.
Dearborn Heights, Michigan Renter-occupied housing units by vehicles available**
When it comes to transportation options, 52% of Dearborn Heights, Michigan renters have 1 vehicle available per household, 30% of them have 2 vehicles available, and 10% have No vehicle available.
Dearborn Heights, Michigan Means of transportation to work of householders living in renter-occupied housing units**
Dearborn Heights, Michigan Geographical mobility in the past year for householders living in renter-occupied housing units**
Dearborn Heights, Michigan Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Dearborn Heights, Michigan apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
