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
9,265
19.7% vs. 2020
Forecasted population 2030
9,761
26.2% vs. 2020

Zip code 48120 Dearborn, MI population is forecasted to grow 19.8% by 2025 (15.1 points above the 4.7% national average).

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Housing and Affordability

With a forecasted population of 9,265 people for 2025 zip code 48120 Dearborn, MI will generate a good demand for housing, which is expected to have a deficit of 684 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
3,299
Total homes balance inventory
684

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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Drinking water violations

How is the quality of drinking water in Zip code 48120 Dearborn, MI?

County total number of drinking water violations

169

-25%

226

County total number of drinking water contaminations

12

-48%

23

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