Zip Code
48120
City
Dearborn, MI
Population & Migration
What is the forecasted population for Zip code 48120 Dearborn, MI?
- Population census 2020
- 7,737
- Forecasted population 2025
- 8,809
- 13.9% vs. 2020
- Forecasted population 2030
- 9,308
- 20.3% vs. 2020
Zip code 48120 Dearborn, MI population is forecasted to grow 13.9% by 2025 (9.2 points above the 4.7% national average).
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Housing and Affordability
With a forecasted population of 8,809 people for 2025 zip code 48120 Dearborn, MI will generate a good demand for housing, which is expected to have an excess of -157 houses for 2030. Vacancy rate is 2.0 points below national US average.
- Total homes available 2020
- 2,615
- Estimated total home demand in 2030
- 2,457
- Total homes balance inventory
- -157
Average Household Income in zip code 48120 Dearborn, MI
from Internal Revenue Service
- Average household income in 2021
- $97,282
Affordability
- Affordability Index
- 2
Affordability indicates the ability of potential homebuyers to afford a home measured in number of years needed to pay a house. Example: Home Price 500,000 / Household Income 100,000 = 5 Years = Index 5
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Climate Resiliency
Drinking water violations
How is the quality of drinking water in Zip code 48120 Dearborn, MI?
County total number of drinking water violations
159
-21%
200
County total number of drinking water contaminations
11
-48%
21
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