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Dearborn, MI Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,771
Monthly Cash Flow
$149
Principal + Equity
$1,821
Annual Total Gain
$23,642
Cash on Cash
2.94%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$170
Occupancy Rate
60%
Monthly Revenue
$2,088
Monthly Cash Flow
$153
Principal + Equity
$1,821
Annual Total Gain
$23,690
Cash on Cash %
3.02%
Net ROI %
Market Health & Growth
Median Income
$65,192
Population
107,846
LTR Renter %
31.78%
Forecast (1 yr)
1.82%
Appreciation (1 yr)
6.42%
Appreciation (5 yr)
52.64%
Appreciation (10 yr)
117.26%
Job Growth
-1.6%
LTR Rentability
Moderate
STR Demand
61
STR Rentals
145
Top Public Schools
A-Henry Ford Early College
A-Crestwood Accelerated Program
B
B
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Most Diverse Suburbs in Michigan
#119out of 339 markets
Best Places for Young Professionals in Michigan
#71out of 803 markets
Best Suburbs for Young Professionals in Michigan
#36out of 339 markets
B-
Public School
C
Crime And Safety
C
Housing
A-
Nightlife
B
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Dearborn, MI.
In Dearborn, MI, Short Term Rentals (STRs) are regulated by the city's Zoning Ordinance. The city defines an STR as a residential dwelling unit that is rented out for a period of less than 30 consecutive days.
Before investing in purchasing a property for STRs in Dearborn, an investor should be aware of the following regulations:
1. Zoning Restrictions: Dearborn has specific zoning regulations that dictate where STRs are allowed to operate within the city. It is important to ensure that the property being considered for investment is located in a zone that permits STRs.
2. Licensing and Registration: All STRs in Dearborn are required to obtain a Short Term Rental License from the city. This license must be renewed annually and there are specific requirements that must be met in order to obtain and maintain the license.
3. Occupancy Limits: Dearborn has occupancy limits for STRs that must be adhered to. The maximum number of guests allowed in an STR is typically based on the number of bedrooms in the property.
4. Safety and Health Regulations: STRs in Dearborn must comply with all safety and health regulations set forth by the city. This includes having working smoke detectors, carbon monoxide detectors, and meeting building code requirements.
5. Noise and Nuisance Regulations: Dearborn has regulations in place to address noise and nuisance complaints related to STRs. It is important for investors to be aware of these regulations and ensure that their property is in compliance.
6. Taxation: STRs in Dearborn are subject to lodging taxes, which must be collected and remitted to the city. Investors should be aware of the tax obligations associated with operating an STR in the city.
Overall, investors considering purchasing a property for Short Term Rentals in Dearborn, MI should thoroughly research and understand the regulations and requirements in place to ensure compliance and successful operation of their investment.
Market Trends Over Time
Explore 25 years of market data for Dearborn, MI, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Dearborn, MI.
The LTR Genie Score of Dearborn, MI is 72 and STR Genie Score is 71, indicating a moderate level of attractiveness for both long-term and short-term rental investments. The LTR Rentability is moderate, with a Rent Growth Rate of 0.0% and a Net ROI of 38.9%. The STR Net ROI is slightly higher at 38.98%, with an Occupancy rate of 60.0% and Revenue of 2088.
The LTR Genie Score is slightly higher than the STR Genie Score, suggesting that long-term rental investments may be slightly more favorable in Dearborn, MI. The 1-Year Price Appreciation Forecast of 1.82% indicates a stable market with potential for growth.
Dearborn, MI is a diverse city with a strong economy driven by industries such as automotive, healthcare, and education. It is home to the Ford Motor Company World Headquarters and the University of Michigan-Dearborn, making it an attractive location for both residents and investors.
Overall, Dearborn, MI presents opportunities for both long-term and short-term rental investments. Investors may consider diversifying their portfolio by investing in both rental strategies to maximize returns in this stable and growing market.