Rent to own Homes in Dearborn, MI

As the birthplace of Henry Ford and home of the Ford Motor Company, Dearborn, Michigan, has a special place in American automotive history. Located within the Detroit metropolitan area, Dearborn has a population of just under 100,000 residents and ranks as the eighth largest city in the state. The city is named after Henry Dearborn, a prominent General in the Revolutionary War. Although Dearborn was settled by people of European descent in the late 18th century, it wasn't incorporated as a city until 1927 following the automotive boom. Today, Dearborn exists as an important steel and auto manufacturing center with a growing immigrant population of Arabic descent. It is also home to the Arab-American National Museum and the Islamic Center of America.

Dearborn, MI is a great place for affordable rent-to-own homes! With a median household income of over $56,302 and a median rent of $1,019, the Dearborn, MI rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Dearborn, MI. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Dearborn, MI rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 440
7274 Lamphere St
Rent To Own
Cody-Rouge
Single Family Home
Detroit, MI 48239
2
1
748 ft2
1949
25404 HANOVER ST
Rent To Own
 
Single Family Home
Dearborn Heights, MI 48125
2
3
1344 ft2
1940
15484 NORTHLAWN ST
Rent To Own
Harmony Village
Single Family Home
Detroit, MI 48238
3
1
1243 ft2
1926
Hot
13518 POPLAR ST
Rent To Own
 
Single Family Home
Southgate, MI 48195
2
1
660 ft2
1949
502 ALBANY ST
Rent To Own
Downtown Ferndale
Single Family Home
Ferndale, MI 48220
3
1
1150 ft2
1928
20592 MAPLEWOOD ST
Rent To Own
 
Single Family Home
Riverview, MI 48193
4
3
2472 ft2
1974
14050 MANHATTAN ST
Rent To Own
 
Single Family Home
Oak Park, MI 48237
3
2
1061 ft2
1949
8900 E Jefferson Ave APT 718
Rent To Own
Belle Isle
Single Family Home
Detroit, MI 48214
1
1
600 ft2
1966
8685 FORD AVE
Rent To Own
Southeast Warren
Single Family Home
Warren, MI 48089
3
1
1200 ft2
1948
42260 FIVE MILE RD
Rent To Own
 
Single Family Home
Plymouth, MI 48170
4
3
2414 ft2
2014
13057 PROSPECT AVE
Rent To Own
Southeast Warren
Single Family Home
Warren, MI 48089
2
1
900 ft2
1952
51319 GEDDES RD
Rent To Own
 
Single Family Home
Canton, MI 48188
2
1
823 ft2
1937
4652 ALLORE RD
Rent To Own
 
Single Family Home
Newport, MI 48166
2
1
816 ft2
1950
1002 MAHAFFEY AVE
Rent To Own
 
Single Family Home
Rochester, MI 48307
3
2
1017 ft2
1958
24120 OXFORD ST
Rent To Own
 
Single Family Home
Clinton Township, MI 48036
3
3
1900 ft2
1953
134 N MILFORD RD
Rent To Own
Downtown Highland
Single Family Home
Highland, MI 48357
1
2
1808 ft2
1885
1375 RED BARN DR
Rent To Own
 
Single Family Home
Oxford, MI 48371
3
1
2028 ft2
1966
1 of 14 525 Maloney Street
Rent To Own
 
Multifamily (2 - 4 Units)
Oxford, MI 48371
3
3
2519 ft2
1977
3680 ALLEN RD
Rent To Own
 
Single Family Home
Ortonville, MI 48462
4
4
4400 ft2
1991
1 of 15 6633 TERNES ST
Rent To Own
Ford Woods
Single Family Home
Dearborn, MI 48126
4
4
1812 ft2
1928
1 of 43 7 GLENEAGLES CT
Rent To Own
Springwells
Townhouse/Condo
Dearborn, MI 48120
4
5
3402 ft2
1999
7011 KENDAL ST
Rent To Own
Fordson
Single Family Home
Dearborn, MI 48126
3
2
1183 ft2
1956
1 of 21 9158 MANSFIELD ST
Rent To Own
Brooks
Townhouse/Condo
Detroit, MI 48228
4
2
1706 ft2
1950
5236 S CLARENDON ST
Rent To Own
Tireman
Single Family Home
Detroit, MI 48204
4
1
1259 ft2
1919
3225 S ANNABELLE ST
Rent To Own
 
Single Family Home
Detroit, MI 48217
3
1
1093 ft2
1961
1 of 18 10359 VIOLETLAWN ST
Rent To Own
Mackenzie
Townhouse/Condo
Detroit, MI 48204
4
3
2000 ft2
1927
1 of 16 26932 KITCH ST
Rent To Own
 
Single Family Home
Inkster, MI 48141
3
1
832 ft2
1950
Hot
11359 SUSSEX ST
Rent To Own
Brooks
Single Family Home
Detroit, MI 48227
2
1
1066 ft2
1936
1 of 62 27544 VAN BORN RD
Rent To Own
 
Multifamily (5+ Units)
Westland, MI 48186
3
2
1004 ft2
1937
1 of 6 4059 MONTGOMERY ST
Rent To Own
Rosa Parks
Single Family Home
Detroit, MI 48204
3
1
1714 ft2
1913
1 of 25 2043 MILL ST
Rent To Own
 
Single Family Home
Lincoln Park, MI 48146
3
2
1008 ft2
1950
Hot
1 of 30 1724 CHANDLER AVE
Rent To Own
 
Single Family Home
Lincoln Park, MI 48146
3
2
1200 ft2
1921
1 of 20 4782 CORTLAND ST
Rent To Own
Winter Halter
Townhouse/Condo
Detroit, MI 48204
6
2
2400 ft2
1926
New
1 of 25 12736 Santa Rosa
Rent To Own
Winter Halter
Single Family Home
Detroit, MI 48238
5
3
26000 ft2
1 of 10 13612 FORRER ST
Rent To Own
Grandmont
Single Family Home
Detroit, MI 48227
2
1
1116 ft2
1929
1 of 8 3902 ISABELLE ST
Rent To Own
 
Single Family Home
Inkster, MI 48141
3
1
880 ft2
1945
3320 RICHTON ST
Rent To Own
Durfee
Townhouse/Condo
Detroit, MI 48206
6
2
2800 ft2
1926
1 of 24 4282 Waverly
Rent To Own
Winter Halter
Single Family Home
Detroit, MI 48204
6
3
2350 ft2
11795 CARDWELL ST
Rent To Own
 
Single Family Home
Livonia, MI 48150
3
2
1784 ft2
2019
11785 CARDWELL ST
Rent To Own
 
Single Family Home
Livonia, MI 48150
3
2
1784 ft2
2019
1 of 6 3750 Glendale Avenue
Rent To Own
Winter Halter
Multifamily (2 - 4 Units)
Detroit, MI 48238
3
3
2096 ft2
1937
14035 ARCHDALE ST
Rent To Own
Grandmont
Single Family Home
Detroit, MI 48227
4
1
1828 ft2
1922
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Buying a Home in Dearborn, MI

Dearborn, MI is seeing rapid growth and Dearborn, MI's' housing market remains optimal with an average home price that is -29% below the 2024 national average. Dearborn, MI is part of Wayne county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Wayne is 2.07% which is above the national average, which is 0.99%.

Median Home Price in Dearborn, MI

Median Rent in Dearborn, MI

Rent to own homes offer low monthly payments and flexible terms.

Top Reasons to Live in Dearborn MI

Housing Statistics Despite its location within the Detroit metropolitan area, real estate values in Dearborn have witnessed a sharp surge in the last few years. Median home sales price has increased from a low of $48,000 in the middle of 2010 to hit nearly $97,000 in 2013. In fact, median sales price has shot up by 57% over the last year alone. With over 470 homes sold in 2012, Dearborn can be classified as a 'strong' real estate market, relative to its location. This is largely due to the growing economy which has, so far, remained isolated from the Detroit's downturn. In fact, Dearborn real estate values are higher than the state average (but lower than the national average by 23 percent), which is why rent to own has become a popular option among would-be home buyers.

Local Restaurants Dearborn has attracted a large Arab immigrant population in the last few decades which has shaped the city's culinary habits. Mediterranean and fusion restaurants are all around Dearborn, especially along Michigan Avenue. M & M Cafe is one of the city's favorite restaurants selling Mediterranean-American fusion food. Tuhama's on W Warren Avenue is another local favorite, especially for its middle-east inspired menu. Hamido, also on W Warren Avenue, serves a delicious shawarma and has the best rated hummus in town. For something slightly less Mediterranean, you can head out to Roman Village on Dix Avenue for some authentic Italian fare. Frida's Mexican Cuisine is the city's favorite spot for a taste of authentic, home-cooked Mexican cuisine.

Outdoors Activities Dearborn is big on golf courses. There are several world-class golf courses in the city, including the Dearborn Hills Golf Course, the Dearborn Country Club, TPC of Michigan Golf Course, and the Warren Valley Golf Course located in neighboring Dearborn Heights. If swinging a golf club isn't your thing, you can head out to the Environmental Interpretive Center, a facility developed by UMich-Dearborn. This vast outdoor area is spread over 300 acres and serves as a base for scientific research, educational trips and interactive learning sessions. It's a great place for families with children to get close to nature and learn something in the process.

Neighborhoods As a moderate sized city, Dearborn has several distinct neighborhoods. Some of these are: