Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Hamtramck area can be challenging. Home prices in Hamtramck are now at a median cost of $74,299, lower than the Michigan average of $196,062.
The average cost of rent is $837/mo in Hamtramck, primarily driven by the current value of real estate in the Hamtramck area. While nearly 74.89% of residents own their homes outright in Hamtramck, 41.22% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hamtramck is $2,947 per month. Households that rent pay about 28.40% of their income on rent here. Hamtramck's most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Highland Park, MI: higher priced homes
- Detroit, MI: higher priced homes
- Hazel Park, MI: higher priced homes
- Center Line, MI: higher priced homes
- Ferndale, MI: higher priced homes
- Warren, MI: higher priced homes
- Pleasant Ridge, MI: higher priced homes
- Grosse Pointe Park, MI: higher priced homes
- Harper Woods, MI: higher priced homes
- Eastpointe, MI: higher priced homes
Cities with Similar Populations
- Germantown, TN: higher priced homes
- Essex, MD: higher priced homes
- Bridgeton, NJ: higher priced homes
- Oakland Park, FL: higher priced homes
- Richmond, IN: higher priced homes
- Prosper, TX: higher priced homes
- Pine Bluff, AR: higher priced homes
- Parkville, MD: higher priced homes
- Pahrump, NV: higher priced homes
- Oakley, CA: higher priced homes
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