Hamtramck, MI 48212 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Hamtramck, MI—48212

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$129,000

0.2% YoY Growth

Household Income

$37,300

41.1% YoY Growth

Days on Market

7.0% Longer YoY

Home Price Forecast

2.6%

Median Rent

$1,050

14.4% YoY Growth

1-Bed Rent

$800

12.6% YoY Growth

2-Bed Rent

$1,050

23.5% YoY Growth

3-Bed Rent

$1,300

3.2% YoY Growth

Home Price Trends — Hamtramck, MI

As of Nov '25, the median home price in Hamtramck, MI is $129,000, with a year-over-year change of -0.2%. This indicates that home prices in Hamtramck, MI are flat. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$129,000	-0.2%
Single Family	$129,000	0.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Hamtramck, MI

As of July '25, Rentcast reports the average rent in Hamtramck, MI is $1,190, with a year-over-year rent change of 14.4%. Per bedroom, the median rent as of July '25 in Hamtramck, MI is 1-bedrooms: $812, 2-bedrooms: $1,260, 3-bedrooms: $1,300, 4-bedrooms: $1,850. The most common rental property sizes in Hamtramck, MI are 2-bedroom and 3-bedroom, accounting for 50.2% and 26.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,050	$1,190
Studio Rent	N/A	N/A
1 Bed Rent	$800	$812
2 Bed Rent	$1,050	$1,260
3 Bed Rent	$1,300	$1,300
4 Bed Rent	$1,500	$1,850

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% of Rental Stock

Studio

2.5%

1 Bedroom

12.0%

2 Bedrooms

50.2%

3 Bedrooms

26.4%

4 Bedrooms

7.3%

5+ Bedrooms

1.7%

Property Listings — Hamtramck, MI

As of Nov '25, Realtor.com reports that the median days on market for a home in Hamtramck, MI is 67. This is a increase of 7.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 16.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$185,000	32.0%
Listing Count	75	18.0%
Listings as % of Homes	0.3%	18.0%
Days on Market	67	7.0%

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Demographics — Hamtramck, MI

As of the latest ACS Survey released in 2023, Hamtramck, MI has a population of 42,600, which has increased by 11.6% over the past 5 years. Hamtramck, MI is a popular place for families, as children make up 31.9% of the population. The area has a poorly educated workforce, with 16.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	42,600	11.6%
% Under 18	31.9%	6.0%
% Seniors	9.2%	-5.2%
% WFH	6.6%	112.9%
% w/ College Degree	16.5%	41.0%

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As of the latest ACS Survey released in 2023, Hamtramck, MI is a predominantly white area, with 42.6% of the population identifying as white. The white population has grown by 9.2% in the last 5 years. The second most common race or ethnicity in Hamtramck, MI is asian, making up 28.7% of the population. Foreign-born residents account for 41.1% of the population in Hamtramck, MI, and this percentage has increased by 5.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	42.6%	9.2%
% Black	19.5%	-24.1%
% Hispanic	0.5%	-64.3%
% Asian	28.7%	-3.7%
% Foreign Born	41.1%	5.1%

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Mortgage and Risk — Hamtramck, MI

According to HUD data as of 2023, there were 223 mortgage originations in Hamtramck, MI, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Hamtramck, MI. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	223
% Conventional Loans	90.0%
% Government Loans	10.0%
% Investor Loans	2.0%
% Second Loans	1.0%
% Cash Out Refinance	8.0%

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Rentals and Section 8 — Hamtramck, MI

As of 2024, the percent of homes in Hamtramck, MI under the Section 8 program is 3.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Hamtramck, MI, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

Section 8 Market Size

Total Units under HUD	698
Total Units Section 8	157
% Rentals under Section 8	3.5%
% Occupied Section 8	86.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$120	$800	$920
2 Bedroom	$120	$1,050	$1,170
3 Bedroom	$140	$1,300	$1,440
4 Bedroom	$50	$1,500	$1,550

Hamtramck, MI—48212

Key Metrics at a Glance

Home Price Trends — Hamtramck, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hamtramck, MI

% of Rental Stock

Property Listings — Hamtramck, MI

Demographics — Hamtramck, MI

Race and Ethnicity

Mortgage and Risk — Hamtramck, MI

Mortgages

Rentals and Section 8 — Hamtramck, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Hamtramck, MI

Home Price to Income Ratio

Hamtramck, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Osborn, Detroit, MI

Poletown East, Detroit, MI

New Center, Detroit, MI

Highland Park, Detroit, MI

Warren, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3
Median Home Price	$129,000
Median Household Income	$37,300

Hamtramck, MI—48212

Key Metrics at a Glance

Home Price Trends — Hamtramck, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hamtramck, MI

% of Rental Stock

Property Listings — Hamtramck, MI

Demographics — Hamtramck, MI

Race and Ethnicity

Mortgage and Risk — Hamtramck, MI

Mortgages

Rentals and Section 8 — Hamtramck, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Hamtramck, MI

Home Price to Income Ratio

Hamtramck, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Osborn, Detroit, MI

Poletown East, Detroit, MI

New Center, Detroit, MI

Highland Park, Detroit, MI

Warren, MI

Frequently Asked Questions

What is the average home price in Hamtramck, MI 48212?

How have home prices in Hamtramck, MI 48212 changed over the past year?

What is the home price projection for Hamtramck, MI 48212?

What are the demographics of Hamtramck, MI 48212?

How long does it take homes to sell in Hamtramck, MI 48212?

What is the average rent price in Hamtramck, MI 48212?