Hamtramck, MI is a great housing market with a median value of $133,700. This is much lower than the US median value of $338,100 and provides an opportunity for potential homeowners to get more affordable housing. Although the US house appreciation rate is 8.27%, Hamtramck's 1 year appreciation rate is 4.30% which means that its housing market has been slower to appreciate in value over the last year compared to other parts of the country. Despite this, Hamtramck offers potential homeowners a great chance to purchase quality housing at an affordable price.
The median home cost in Hamtramck is $133,700. Home appreciation the last 10 years has been 130.9%. Home Appreciation in Hamtramck is up 9.7%.
Average Age of Homes
- The median age of Hamtramck real estate is 78 years old
The Rental Market in Hamtramck
- Renters make up 39.3% of the Hamtramck population
- 4.9% of houses and apartments in Hamtramck, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.