Real Estate Investing in Dearborn Heights, Michigan (48127)
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Should you buy in 48127 (Dearborn Heights, MI)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Dearborn Heights, MI (48127)?
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Market Analysis: 48127 Dearborn Heights
ZIP 48127 in Dearborn Heights, MI carries a sturdy set of headwinds. Home values near $268K and rents of $1,411/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 48127 can be a a solid fit for hunting ground — but the discount at $268K reflects genuine risk that outside investors often underestimate.
In the broader MI picture, 48127 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 48127 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. healthy returns are possible in 48127, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Dearborn Heights:
Property Strategy for 48127
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $181,550 | $1,470 | 5.8% | +9.4% | $90,775 |
| 3BR | $250,687 | $1,800 | 5.2% | +8.3% | $83,562 |
| 4BR | $442,426 | $1,950 | 3.2% | +8.7% | $110,606 |
| 5BR | $552,325 | — | — | +8.8% | $110,465 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 48127 Compare?
| Metric | 48127 | Dearborn Heights | Detroit-Warren-Dearborn, MI | Michigan |
|---|---|---|---|---|
| Home Value | $267,512 | $216,626 | N/A | $253,279 |
| 5-Year CAGR | 5.9% | 5.9% | N/A | 6.8% |
| Avg Rent | $1,411 | $1,493 | N/A | - |
| Cap Rate | 4.1% | 5.8% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 48127 (Dearborn Heights, MI). Anonymous, moderated, never written by AI.
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Property managers serving Wayne County
Manage rentals here? List your business →Metro Detroit Property Management manages and maintains properties with high standards, committed to the success of real estate investments in the Metro Detroit area. summary from their website
Michigan Property Management Solutions offers homes for rent in Michigan, near Macomb Twp., Fraser, Utica, Clinton Valley, and Detroit. summary from their website
Premier Property Services offers real estate services in Detroit, Fort Lauderdale, and Grosse Pointe Woods. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $267,512 |
| Monthly Rent | $1,411 |
| Price-to-Rent | 15.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +6.6% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 Rent Trends
| 1-Year | -6.4% ▼ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 48127
Population: 39,943
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 48127
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 6,511 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is housing expensive in Dearborn Heights, MI?
Homes in Dearborn Heights, MI typically sell near $268K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
Is it easy to find good tenants in Dearborn Heights, MI?
Working renters make up the core of the Dearborn Heights, MI tenant base. The pool is reasonable for investors targeting long-term holds.
How strong are rents in Dearborn Heights, MI?
Rents in Dearborn Heights, MI run near $1,411/mo. Compared with median home prices of $268K that produces solid gross yields for typical rentals.
What is it like being a landlord in Dearborn Heights, MI?
Dearborn Heights, MI operates under MI law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
How does Dearborn Heights, MI stack up for property investment?
Dearborn Heights, MI scores 3.0/5 for investability. Home values sit at $268K and rents near $1,411/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 48127 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 48127 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 48127 ranks in Detroit-Warren-Dearborn, MI
Every ZIP in this metro, ranked. Free.
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