Hamtramck, MI housing market
The typical Hamtramck home is worth about $170,000, about the same as a year ago, 36% below the Michigan typical home. Homes typically sell in 29 days, below asking.
Home values, sales, trends and how Hamtramck compares with the towns next door — updated as new data is published.
Hamtramck at a glance
A seller's market
Supply is tight — about 3.5 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Hamtramck | Michigan |
|---|---|---|
| 2017 | $58,000 | $144,000 |
| 2018 | $77,000 | $155,000 |
| 2019 | $92,000 | $165,000 |
| 2020 | $105,000 | $175,000 |
| 2021 | $124,000 | $194,000 |
| 2022 | $139,000 | $217,000 |
| 2023 | $144,000 | $230,000 |
| 2024 | $157,000 | $241,000 |
| 2025 | $168,000 | $253,000 |
| 2026 | $171,000 | $262,000 |
| August 2026 | $170,000 | $266,000 |
4 new homes permitted in 2025
Builders were permitted 4 new homes in Hamtramck in 2025, all single-family houses, worth about $1.1 million to build. That's 0.1 per 1,000 residents, slower than across Michigan (2.3). Over the past 10 years, Hamtramck has permitted 22 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Hamtramck gained 6,010 residents while 96 new homes were permitted: about 63 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across Michigan: 1.2 new residents per new home.
How Hamtramck ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 4 | 4 | 0 | $904,000 |
| 2025 | 4 | 4 | 0 | $1.1 million |
| 2024 | 7 | 7 | 0 | $600,000 |
| 2023 | 5 | 5 | 0 | $2.2 million |
| 2022 | 4 | 4 | 0 | $1.6 million |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 1 | 1 | 0 | $80,000 |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 1 | 1 | 0 | $80,000 |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 6 | 6 | 0 | $650,000 |
| 2013 | 29 | 29 | 0 | $2.4 million |
| 2012 | 27 | 27 | 0 | $2 million |
| 2011 | 33 | 33 | 0 | $2.5 million |
| 2010 | 0 | 0 | 0 | — |
| 2002 | 0 | 0 | 0 | — |
| 2001 | 0 | 0 | 0 | — |
| 2000 | 0 | 0 | 0 | — |
How Hamtramck ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
4.3 years of income
The typical Hamtramck home costs about 4.3 years of the town's median household income, more than across Michigan (3.7 years).
How Hamtramck ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,110
HUD's Fair Market Rent for a two-bedroom in Hamtramck is $1,110 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Hamtramck pay a median of $989, so moving in tends to cost more than staying put. A two-bedroom takes about 34% of the town's median household income, above the 30% guideline for affordable housing.
Studio $790 · 4 bedrooms $1,460
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (48211, 48212; Detroit-Warren-Livonia, MI HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.