Rent to own Homes in Dearborn Heights, MI
Shopping! The Fairlane Town Center is a collection of shops in Dearborn, just outside of Dearborn Heights, that offers the true mall experience. Hijabee on Ford Road is a clothing store geared toward the trendy.
Dearborn Heights, MI is a great place for affordable rent-to-own homes! With a median household income of over $50,987 and a median rent of $1,049, the Dearborn Heights, MI rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Dearborn Heights, MI. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Dearborn Heights, MI Property Resources
Rent to own Homes in Cities Near Dearborn Heights, MI
- Allen Park
- Auburn Hills
- Berkley
- Bingham Farms
- Birmingham
- Bloomfield Hills
- Carleton
- Center Line
- Clawson
- Commerce Township
- Dearborn
- Dearborn Heights
- Detroit
- Eastpointe
- Estral Beach
- Farmington
- Ferndale
- Franklin
- Garden City
- Gibraltar
- Grosse Ile
- Grosse Pointe Park
- Hamtramck
- Hazel Park
- Highland Park
- Huntington Woods
- Keego Harbor
- Lathrup Village
- Lincoln Park
- Melvindale
- New Boston
- Newport
- Orchard Lake Village
- Pleasant Ridge
- Pontiac
- Redford
- Riverview
- Rochester Hills
- Romulus
- Southfield
- Sterling Heights
- Stony Point
- Sylvan Lake
- Taylor
- Troy
- Walled Lake
- Warren
- Wayne
- Woodhaven
- Woodland Beach
Neighborhoods in Dearborn Heights, MI
No neighborhoods foundBuying a Home in Dearborn Heights, MI
Dearborn Heights, MI is seeing rapid growth and Dearborn Heights, MI's' housing market remains optimal with an average home price that is -44% below the 2024 national average. Dearborn Heights, MI is part of Wayne county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Wayne is 2.07% which is above the national average, which is 0.99%.
Median Home Price in Dearborn Heights, MI
Median Rent in Dearborn Heights, MI
14 Reasons to Live in Dearborn Heights, Michigan
Dining! The Boneyard Barbecue and Red Ruby are two local favorites that come highly recommended. Whether you are going out with friends or celebrating with family, these two destinations both accommodate large and small groups. If you have a large group, reserving your space beforehand is recommended.
A place for homebuyers! More than 80% of properties are owner occupied, so you shouldn't have trouble finding rent to own houses or ones to buy outright. Take a drive down Annapolis St. or Inkster Rd. and see what's available.
Apartments in the area! Approximately 19% of residences are rentals, so finding apartments for rent in Dearborn Heights is not difficult. There are several different complexes, all within varying proximities to the various amenities within the city, such as Park Forest on West Warren Street and River Oaks Apartments on Evergreen Road.
Housing availability! There are many different avenues to take if you are seeking housing in Dearborn Heights. The housing market looks excellent whether you are looking at rent to own homes or ones to rent or buy. Outer Drive and Cherry Hill are two subdivisions of Dearborn Heights that offer close proximity to many of the amenities that the city offers.
Vacancy rate! With a vacancy rate of 7.48%, finding your dream home shouldn't be difficult. Check out Annapolis St. or Ann Arbor Tail for some ideas. You might be able to find excellent rent to own options.
Neighborhoods in Dearborn Heights! There are 16 neighborhoods in this city. To the east on W Outer Drive is a nice area, as is the west side's areas off of Cherry Hill Road. To the south are the neighborhoods near Annapolis and Pelham Streets and north near Warren Street are close-knit neighborhoods, as well.
Career opportunities! The human resource department for the City of Dearborn Heights is always advertising openings for different positions working for the city. Various temp agencies within the city report that job growth is surging in this area for all types of employment. The area is experiencing a growth spurt in all careers, and commuting to surrounding areas, such as Inkster or Detroit, is not difficult.
Average yearly temperatures! In Dearborn Heights, average highs in the summer top out around 85, while in the winter, the temperature can become as low as the high teens. It's easy to stay warm in the winter if you huddle around your fireplace, and cooling off is simple in the summer if you visit nearby Cass Lake or Orchard Lake.
Parks and recreation! Central Park on Kinloch Street or Van Houten Park on North Silvery Lane provide that getaway from city life for a moment. Explore nature at both of these destinations within the concrete jungle.
Famous people from Dearborn Heights! Henry Ford, creator of the Ford automobile, and David Burtka, fiance of Neil Patrick Harris, are both from the city of Dearborn Heights.
Annual events! The Pumpkin Patch in October and Brunch with Santa in December are two annual events that take place in Dearborn Heights. Children of all ages find these events to be quite entertaining.
Night life in the city! Going clubbing is one of the greatest focal points of living in the city, and Dearborn Heights is no different. The nightlife in this city is on fire with clubs, such as the Toy Chest. Stilettos on Middlebelt Rd. is another great place to spend the evening, especially if you love great music.
Concert Venues! W hat would a big city be if it didn't have places where you could go to see your favorite artists performing their top hits? The Ark on South Main Street is a great venue, as is the famous Harpos Concert Theater, which has showcased some of the best talent to grace radio in recent years.