ZIP Code · MI

ZIP 48124

Part of Dearborn, MI

Pop. 34,479·Wayne County·20th most expensive ZIP in Michigan

Median rent (all units)

$1,952/mo

Year-over-Year

+4.4%

Month-over-Month

-0.1%

vs US Median

+$20

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 48124 · $1,952

More expensive than 59% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,110

1 BR

$1,230

2 BR

$1,550

3 BR

$1,890

4 BR+

$2,050

Research median

$1,550/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Michigan

Rent in ZIP 48124 changed +4.4% over the year to September 2026. Across the 134 Michigan ZIP codes Zillow tracks, the typical change was +4.4%.

Recent direction

Rent rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($81,796) is $2,045 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,890); a 4-bedroom is $2,050.

Cheaper nearby

ZIP 48125, 2 miles away, rents for 21% less ($1,548/mo), about $4,800 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 48124. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$23,424/yr

At $1,952/mo median

Location

CityDearborn

StateMI

CountyWayne County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.4% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.4% YoY, -0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 48124 (Dearborn, MI) is majority owner-occupied, 40.2% of residents hold a bachelor's degree or higher.

Population

34,479

Median income

$81,796

Median age

38.6

Renters

18.1%

Age distribution

23.4%

21.7%

24.8%

13.8%

16.4%

Under 1823.4%

18–3421.7%

35–5424.8%

55–6413.8%

65+16.4%

Gender

49.5%

50.5%

Male49.5%

Female50.5%

Race & ethnicity

84.3%

White84.3%

Black6%

Hispanic5.4%

Asian1%

Other3.3%

Education (25+)

21.5%

31.8%

40.2%

No HS diploma6.6%

HS diploma21.5%

Some college31.8%

Bachelor's+40.2%

Housing tenure

81.9%

18.1%

Owner81.9%

Renter18.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 48124 in Dearborn, MI has changed in 5 years

Income

$75,504 → $81,796

up 8.3%

Population

33,054 → 34,479

up 4.3%

Renter share

20.5% → 18.1%

-2.4 pts

Bachelor's+

38.9% → 40.2%

+1.3 pts

Median age

39.8 → 38.6

-1.2 yrs

Household income in the area moved from $75,504 to $81,796 across the same window, up 8.3% versus 2021. The population has grown by 4.3% since 2021, moving from about 33,054 residents to roughly 34,479. Renters now make up 18.1% of households, compared with 20.5% five years ago.

Community

Discussions about ZIP 48124

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Local insights

Tips for renters in ZIP 48124

About renting in ZIP 48124

Last updated: October 17, 2026

ZIP code 48124 covers Dearborn, MI. The median rent here is $1,952/mo as of October 2026. A 1-bedroom rents for a median of $1,230/mo. A 2-bedroom rents for a median of $1,550/mo.

At 29% of local median household income ($81,796/yr), ZIP 48124 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 48124?

To keep rent at or below 30% of gross income, you would need to earn at least $78,000/year (about $38/hour full-time) to afford the median rent of $1,952/mo in ZIP 48124. The local median household income is $81,796/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 48124?

Rent in ZIP 48124 has risen 4.4% over the past year.

How does ZIP 48124 compare to other ZIPs in Michigan?

ZIP 48124 is one of the pricier among Michigan ZIP codes for rent, ranking #20 of 168 at $1,952/mo. Over the year to September 2026, rent in ZIP 48124 changed +4.4%, against a typical +4.4% across the 134 Michigan ZIP codes Zillow tracks.