Dearborn, MI Real Estate Market
Median sale price
Dearborn was first settled in the late 18th century by French farmers who built ribbon farms along the Sauk Trail and Rouge River. More famously, it was the home of Henry Ford and a manufacturing hub for the automotive industry, as the world headquarters of the Ford Motor Company resides in Dearborn.
Cultural diversity is one of Dearborn’s strong points, as the area is known for having the largest Arab American population in the country, with an estimated 40,000 residents sharing this heritage. In 2005, the Arab American National Museum opened in Dearborn to celebrate the community’s contributions to the U.S., as well as its history and culture. Dearborn has been named as a “Tree City USA” for almost 20 consecutive years, and was recently designated as a “Cool City” by the state of Michigan.
Popular attractions in Dearborn include the Henry Ford Museum, Automotive Hall of Fame, Greenfield Village, and Ford-Wyoming Drive-in Theatre. There are plenty of opportunities for outdoor recreation, as the area boasts over 30 parks and playgrounds. Big-city amenities are a short drive away, with Detroit and Ann Arbor nearby.
Built on a strong, blue-collar foundation, Dearborn’s largest employers include Ford Motor Company, Oakwood Health System and AK Steel Dearborn Works. Educational opportunities abound. The University of Michigan has a satellite location in the city, and both Concordia and Central Michigan Universities offer classes in the area. Other higher learning facilities include Kaplan Career Institute, ITT Tech and Sanford Brown College.