ZIP Code 48128 — Dearborn, MI Home Prices (2026)
The typical home in ZIP 48128 (Dearborn, Michigan) is worth about $317,000 at roughly $235 per square foot — 27% more expensive than the Dearborn median and 8% more expensive than the typical U.S. home.
How 48128 compares
ZIP 48128 is one of the pricier ZIP codes in Dearborn: its typical home value of $317,000 ranks #1 of the 4 Dearborn ZIP codes we track (the citywide range runs from $241,000 in 48126 to $317,000 in 48128). Per square foot it costs about $235, against $205 for Dearborn as a whole, $190 for Michigan, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 48128 | $317,000 | $235 |
| Dearborn, MI | $249,000 | $205 |
| Michigan | $251,000 | $190 |
| United States | $294,000 | $195 |
Home value by size in 48128
Using this ZIP’s rate of about $235 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $235,000 |
| 1,500 sq ft | $352,500 |
| 2,000 sq ft | $470,000 |
| 2,500 sq ft | $587,500 |
| 3,000 sq ft | $705,000 |
Salary needed to buy a home in ZIP 48128
To buy the typical $317,000 home in ZIP 48128 with 20% down, you need a household income of roughly $86,000 a year (about $2,010 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $102,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $15,900 | $2,500/mo | $107,000/yr |
| 10% (+PMI) | $31,700 | $2,390/mo | $102,000/yr |
| 20% | $63,400 | $2,010/mo | $86,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 48128
At about $235 per square foot, here is roughly how much home different budgets get you in ZIP 48128:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $150k | 640 sq ft | below the local median — condos, smaller or older homes |
| $200k | 850 sq ft | below the local median — condos, smaller or older homes |
| $250k | 1060 sq ft | below the local median — condos, smaller or older homes |
| $300k | 1280 sq ft | around the typical home here |
| $400k | 1700 sq ft | around the typical home here |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 48128 home.
Estimate a specific home in 48128
The estimator below is pre-set to ZIP 48128 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Dearborn ZIP codes by home value
Where 48128 sits among Dearborn’s 4 ZIP codes:
| # | ZIP code | Typical value | $ / sq ft |
|---|---|---|---|
| 1 | 48128 (this page) | $317,000 | $235 |
| 2 | 48120 | $255,000 | $169 |
| 3 | 48124 | $243,000 | $209 |
| 4 | 48126 | $241,000 | $201 |
ZIP 48128 home prices: frequently asked
What is the average home price in ZIP code 48128? +
What is the price per square foot in 48128? +
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Is 48128 an expensive ZIP code? +
See the full Dearborn home values page, all Michigan cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.