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Shops and street trees along Michigan Avenue in Dearborn

Investor-friendly real estate agents in Dearborn, MI

We match investors with vetted Dearborn-area agents who own rentals, run the numbers, and know the local rules. Free for investors.

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investing strategies covered
Michigan Avenue in Dearborn. Photo: Michael Barera, CC BY-SA 4.0
Who you'll work with

Vetted investor agents across the Dearborn metro

Dearborn sits on Detroit's western border and is home to Ford's headquarters and engineering campus. For investors it's a steadier, pricier market than the City of Detroit, with mostly single-family neighborhoods. Two local rules shape the math. Every non-owner-occupied home has to be registered with the city, inspected and hold a current Certificate of Occupancy. And since January 1, 2026, short-term rentals are allowed only in designated parts of East and West Downtown, not in residential neighborhoods. The figures on this page cover the whole Detroit metro. Our vetted agent partner covers southeast Michigan, including Dearborn.

Long-term rentals

Rental purchases with a Keller Williams agent licensed since 2013 who covers southeast Michigan, including Dearborn. Long-term rentals are the realistic play here, since Dearborn now confines short-term rentals to parts of its downtowns.

Areas our agents cover
DearbornDearborn HeightsDetroitWayne CountySoutheast Michigan
Aerial view of Ford's world headquarters in Dearborn with downtown Detroit in the distance
Ford's headquarters, with Detroit behind it. Ford is the city's anchor employer.Photo: Ken Lund from Reno, Nevada, USA, CC BY-SA 2.0
Aerial view of homes and shops around Michigan Avenue and Outer Drive in Dearborn
West Dearborn's neighborhoods, mostly single-family homes where STRs are no longer allowed.Photo: formulanone, CC BY-SA 2.0
The entrance building of The Henry Ford museum in Dearborn
The Henry Ford museum, one of the metro's biggest visitor draws.Photo: Ken Lund from Reno, Nevada, USA, CC BY-SA 2.0
Market signals

Is Dearborn worth investing in? The long-term trends

People, jobs, rents and prices for the Detroit-Warren-Dearborn metro, straight from the Census Bureau, the Bureau of Labor Statistics and Zillow. Hover or tap a chart for exact values.

Metro population
+0.9% in 10 years, to 4.39M people
4.3M4.3M4.3M4.4M201020142018202220254.4M
July 1 estimates; 2010–2019 are Census intercensal estimates, consistent with the 2020 Census. Source: U.S. Census Bureau, Population Estimates (Detroit-Warren-Dearborn, MI metro)
View data table
PeriodValue
20104,293,314
20114,301,802
20124,319,292
20134,332,304
20144,346,166
20154,352,979
20164,368,028
20174,381,658
20184,391,185
20194,394,892
20204,385,353
20214,370,695
20224,354,135
20234,356,818
20244,377,045
20254,390,913
Net move-ins from the rest of the U.S.
−272K net domestic movers since 2010
−30K−20K−10K0201120142017202020232025
Net domestic migration, year ending July 1. Source: U.S. Census Bureau, Population Estimates (Detroit-Warren-Dearborn, MI metro)
View data table
PeriodValue
2011-22,660
2012-14,856
2013-18,147
2014-18,462
2015-22,412
2016-18,936
2017-14,912
2018-14,102
2019-16,678
2020-22,959
2021-18,924
2022-28,418
2023-22,883
2024-11,880
2025-5,850
Jobs (total nonfarm)
+5.1% since 2015, about 100K jobs added
1.7M1.8M1.9M2M2.1M201020142018202220252M
Annual average, complete years. Latest month: August 2026, 2,042,000 jobs (not seasonally adjusted). Source: U.S. Bureau of Labor Statistics, Current Employment Statistics (total nonfarm)
View data table
PeriodValue
20101,738,800
20111,788,200
20121,836,000
20131,870,300
20141,901,200
20151,939,700
20161,978,300
20172,009,500
20182,034,800
20192,045,400
20201,848,300
20211,930,900
20222,013,300
20232,045,600
20242,051,900
20252,039,400
Typical rent
+80% since 2015, +4.2% over the past year
$600$800$1,000$1,200$1,400$1,600201520172019202220242026$1,514
Typical asking rent, all homes (smoothed). Source: Zillow Observed Rent Index (ZORI), Detroit, MI metro
View data table
PeriodValue
Dec 2015$875/mo
Dec 2016$905/mo
Dec 2017$952/mo
Dec 2018$987/mo
Dec 2019$1,032/mo
Dec 2020$1,112/mo
Dec 2021$1,246/mo
Dec 2022$1,310/mo
Dec 2023$1,354/mo
Dec 2024$1,421/mo
Dec 2025$1,457/mo
Sep 2026$1,514/mo
Typical home value
+87% over 10 years, +1.8% over the past year
$0$100K$200K$300K201020132016202020232026$264K
Typical home value, mid-tier, seasonally adjusted. Source: Zillow Home Value Index (ZHVI), Detroit, MI metro
View data table
PeriodValue
Dec 2010$85,804
Dec 2011$80,503
Dec 2012$88,505
Dec 2013$109,574
Dec 2014$121,913
Dec 2015$132,710
Dec 2016$143,955
Dec 2017$157,368
Dec 2018$169,025
Dec 2019$178,832
Dec 2020$194,298
Dec 2021$216,609
Dec 2022$231,464
Dec 2023$241,927
Dec 2024$252,935
Dec 2025$261,751
Sep 2026$264,316
Price-to-rent ratio
14.5× today, down from a 15× peak in 2021
11×12×13×14×15×20152017201920222024202614.5×
Typical home value ÷ 12 months of typical rent. Lower means rents cover more of the price. Source: Agents Invest calculation from Zillow ZHVI and ZORI
View data table
PeriodValue
Dec 201512.6×
Dec 201613.3×
Dec 201713.8×
Dec 201814.3×
Dec 201914.4×
Dec 202014.6×
Dec 202114.5×
Dec 202214.7×
Dec 202314.9×
Dec 202414.8×
Dec 202515.0×
Sep 202614.5×

Data retrieved October 16, 2026. Figures cover the Detroit-Warren-Dearborn metro area.

Investing in Dearborn

The numbers and rules that matter in Dearborn

Typical home value
~$264,000

Zillow Home Value Index, Detroit-Warren-Dearborn metro, Sep 2026 (+1.8% YoY).

Typical rent
~$1,510/mo

Zillow Observed Rent Index, all home types, Sep 2026 (+4.2% YoY). Single-family 3-beds rent higher.

Monthly rent-to-price
~0.57%

Typical rent ÷ typical home value. Well under the 1% rule; plan on cash flow from buying right, not from rents.

Direction
Rising

Over the past year: home values +1.8%, rents +4.2%.

Michigan landlord-tenant basics, plus Dearborn's rental rules

Michigan's security deposit act (MCL 554.601 and following) and the summary proceedings statute (MCL 600.5714) cover most of what investors ask about. Dearborn adds registration and inspections:

  • Security deposit: capped at 1.5 months' rent (MCL 554.602). Within 30 days after the tenancy ends, mail the tenant an itemized list of damages with a check for any balance (MCL 554.609).
  • Inventory checklists: give the tenant two blank move-in checklists; they have 7 days to return one. At move-out, complete a checklist listing the damages you claim (MCL 554.608).
  • Nonpayment: serve a 7-day demand for possession (court form DC 100a). If the tenant hasn't paid or moved out after 7 days, you can file in district court (MCL 600.5714).
  • No rent control: MCL 123.411 bars cities, villages, townships and counties from controlling private rents.
  • New in 2025: since April 2, 2025, Michigan's Elliott-Larsen Civil Rights Act bars turning down tenants because of their source of income, including Housing Choice Vouchers, Social Security, veterans' benefits and child support.
  • Dearborn: every non-owner-occupied home must be enrolled in the city's rental program, inspected for minimum housing standards and hold a current Certificate of Occupancy. Certificates expire 3 years from the first inspection. The inspection is the same one required when a home is sold.
  • Property taxes: rentals don't get Michigan's principal residence exemption, so they pay the local school operating tax (up to 18 mills) that owner-occupied homes don't.

Short-term rental rules in Dearborn

Dearborn's city council voted in July 2025 to limit rentals of less than 30 days to designated parts of East and West Downtown. The rules took effect January 1, 2026:

  • Short-term rentals are prohibited in Dearborn's single-family residential neighborhoods. Don't buy a house in a residential zone expecting to run it as an Airbnb.
  • Inside the allowed downtown areas, check the city's current licensing requirements and fees with the Economic Development Department before you buy.
  • Property owners filed a federal lawsuit challenging the restrictions in early 2026. Until a court rules otherwise, assume the restrictions apply.
  • Michigan's 6% use tax applies to rooms and lodging rented for a month or less. Platforms collect it on their bookings; direct bookings are on you.

Last reviewed October 15, 2026. General information, not legal or tax advice — rules and fees change, so confirm with the city, the statute, or your attorney before you rely on them. Sources: Zillow Research data (ZHVI, ZORI) — Detroit metro; MCL 554.602 — Security deposit limit; MCL 554.608 — Inventory checklists; MCL 554.609 — Itemized list of damages; MCL 123.411 — Local rent control prohibited; Michigan courts — Demand for possession, nonpayment of rent (DC 100a); Fair Housing Center of Michigan — Source of income protections added to state law (2025); Michigan Treasury — Principal residence exemption; Michigan Treasury — Use tax; City of Dearborn — Registering rental property; City of Dearborn — Rental property information; Hoodline — Dearborn council restricts short-term rentals to downtown areas (2025); CBS Detroit — Dearborn council approves ordinance on short-term rentals; CBS Detroit — Property owners sue Dearborn over short-term rental restrictions.

Related guides
Nearby market guides
Dearborn FAQ

Questions investors ask about Dearborn

Who will I work with in Dearborn?

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Our vetted agent partner is a Keller Williams agent licensed since 2013 who covers southeast Michigan, including Dearborn. She's based in Ann Arbor. Tell us your strategy, budget and target area and we'll match you.

Can I run an Airbnb in Dearborn?

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Only in designated parts of East and West Downtown. Since January 1, 2026, rentals of less than 30 days are prohibited in Dearborn's single-family neighborhoods. Property owners have sued the city over the rules, but plan as if they apply.

Do I need a permit to rent out a house in Dearborn?

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Yes. Non-owner-occupied homes must be enrolled in the city's rental program, pass an inspection for minimum housing standards and hold a current Certificate of Occupancy, which expires 3 years from the first inspection.

Is Dearborn a good market for cash flow?

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Usually not at median prices. Detroit-metro rent-to-price is about 0.57% a month, and Dearborn's stable neighborhoods rarely sell at a discount. Investors buy here for tenant demand and stability, so underwrite carefully with the real non-homestead tax bill.

Is Michigan landlord-friendly?

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Mostly. Deposits are capped at 1.5 months' rent, nonpayment cases start with a 7-day demand for possession, and cities can't impose rent control. Since April 2025, landlords can't turn down tenants because they pay with a voucher or other benefits.

What does it cost to get matched with a Dearborn-area agent?

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Nothing. Agents Invest is free for investors. The agent pays us a referral fee only if you close a deal with them.

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