Housing in 48212 Hamtramck, MI is substantially lower in value than the national average. The housing median value in this area is only $108,800 compared to the US House Median Value of $338,100. Similarly, the 1 year house appreciation rate for this area is only 4.30%, substantially lower than the national average of 8.27%. Despite this difference in values and appreciation rates, there are still many desirable living options available within this zip code. With a variety of local shops and restaurants nearby, it remains a popular residential neighborhood for many people looking for affordable living options close to downtown Detroit.
The median home cost in Hamtramck (zip 48212) is $108,800. Home appreciation the last 10 years has been 130.9%. Home Appreciation in Hamtramck (zip 48212) is up 9.7%.
Average Age of Homes
- The median age of Hamtramck (zip 48212) real estate is 78 years old
The Rental Market in Hamtramck (zip 48212)
- Renters make up 31.9% of the Hamtramck (zip 48212) population
- 3.2% of houses and apartments in Hamtramck (zip 48212), 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.