Hamtramck, MI — Momentum Score, Home Values & Best-For

All states·Michigan·Hamtramck

Wayne County · Detroit-Warren-Dearborn · population 27,424

AffordabilityShrinking
Hamtramck, MI
Image: Wikipedia · Hamtramck, Michigan
OverviewCost of livingMoving guide
View watchlist →
56
Stable
Momentum score · 0–100

Where Hamtramck stands

Population shrinking 0.9% per year.

Median home $162,096
1-year -2.7%
5-yr CAGR +4.8%
vs 5-yr peak -2.9%
Population -0.9%/yr

Home value trajectory · last 10 years

Zillow ZHVI · monthly
peak 2025-05$162k$45k$88k$131k$174k201620182020202220242026

Lifestyle scores

🚶
Walkability
32/100
Very car-dependent
Estimated from population density. Higher = denser, more amenities within walking distance.
🚉
Public transit
15/100
Transit limited
Curated list of major US transit systems + population-based estimate. Higher = real subway/rail/bus options.
💻
Remote work fit
72/100
Strong remote-work fit
Composite of city size, housing cost, state tax structure, and region's remote-work track record.

Scores are heuristic estimates from population density, state, and known transit/walkable cities. Not based on a paid Walk Score / Transit Score API — see methodology for the formula.

Rent vs buy

Price-to-rent ratio: 12.1
Buy

At a 12.1 price-to-rent ratio, buying generally beats renting in Hamtramck on a long-enough horizon. The headline math is that one year of mortgage payments approximates 12.1 years of rent — well below the 15+ threshold where ownership starts to dominate.

How the momentum score breaks down

methodology →
Home YoY
36 · w22%
Home 5-yr CAGR
64 · w22%
Distance from peak
73 · w18%
Population growth
32 · w16%
Home 10-yr CAGR
95 · w10%
Long thesis

Hamtramck offers a $162,096 median home with +4.8% annualized 5-year appreciation. Affordability + positive trend is one of the better risk/reward setups in US residential — small downside, room to compound.

Short thesis

Hamtramck's population is shrinking 0.9% per year. Housing demand has to come from somewhere — if people are leaving, the buyer pool is shrinking faster than the inventory. That eventually shows up in price.

About Hamtramck

Hamtramck is a city in Wayne County, Michigan, with an estimated population of 27,424. It anchors the Detroit-Warren-Dearborn metro area. The population has contracted 0.9% per year on average since 2020. The median home value in Hamtramck is $162,096 as of 2026-04, down 2.7% over the last 12 months. Over the last five years, home values have averaged +4.8% annual growth (-2.9% from the 5-year peak). Rents in Hamtramck average $1,112 per month. The composite momentum score is 56 of 100 (Stable). Conditions are neither hot nor cold, so the local fit matters more than market timing.

▲ Bull case

●Held the highs: currently -2.9% from the 5-year peak — this market refused to give back gains.
●Cheap entry point: $162,096 median home is well below the US median of $355k — room to grow without overpaying.

▼ Bear case

●Cooling: -2.7% over the trailing year — momentum has stalled.
●Flat or shrinking population: -0.9% per year. Housing demand has to come from somewhere — verify the source.

About Hamtramck (Wikipedia)

Hamtramck is a city in Wayne County in the U.S. state of Michigan. An enclave of Detroit, Hamtramck is about 5 miles (8.0 km) north of downtown Detroit, and is surrounded by Detroit on most sides. As of the 2020 census, the city had a population of 28,433 and was by far the most densely populated municipality in Michigan. It is the only Muslim-majority city in the United States.

Source: Wikipedia · this summary is contributed and licensed under CC-BY-SA.

Playbook

Buyer

Lifestyle fit matters more than market timing in a Stable market. Take your time on the home and neighborhood; the macro trend isn't urgent. Negotiate normally.

Seller

Price competitively from day one or risk a 60+ day listing. Staging, photography, and presentation matter more in Stable markets than in Hot ones.

Investor

Stable cap rates, no big appreciation story to lean on. Underwrite this as a pure cash-flow play — the math has to work on rent alone.

Local safety & alerts

No active National Weather Service alerts for Wayne County right now.

NWS active alerts (MI)Michigan Emergency ManagementHow to prepare (NWS)

Public-safety links are official .gov sources, not curated by us. Wayne County routes NWS alerts; check the state EM portal for non-weather emergencies.

Cities like Hamtramck

Madison Heights, MI64 · RisingAlbion, MI61 · StableFerndale, MI61 · StableWayne, MI64 · Rising

Run the numbers for Hamtramck

ToolCan I afford Hamtramck?Income → city shortlistToolROI on a Hamtramck rentalCap rate, cash-on-cash, DSCRToolCompare Hamtramck to anywhereSide-by-side up to 3 citiesToolHamtramck cost-of-livingEquivalent income elsewhere

Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.

Climate & natural-disaster risk

Winter (Jan)
30° / 16°
avg high / low
Summer (Jul)
82° / 61°
avg high / low
Sunny days/yr
175
~48% of year
Annual precip
33″ rain
50″ snow
Disaster risk (1=very low, 5=very high)
Hurricane
Very low
Tornado
Moderate
Wildfire
Very low
Earthquake
Very low
Flood
Low

State-level averages from NOAA Climate Normals (1991-2020) and FEMA National Risk Index. City-level conditions can vary significantly within a state.

Local sports teams

Major professional teams the Detroit-Warren-Dearborn area cheers for. Detailed stats, schedules, and player pages on intherafters.com.

Current weather

Loading current conditions…

7-day forecast on weather.gov →

Find rentals & listings

Open current Hamtramck listings on the major real-estate sites.

Links open the live search on the destination site — results are always current.

Local news & community

Updated 2026-05-21 from Google News + Reddit RSS. Headlines link to original sources.

Local economy & environment

Humidity
72%
Humid climate
Median household income
$68,500
Michigan state median
Top industries (state-level)
Manufacturing (auto)HealthcareTech (Detroit)

Humidity is annual average relative humidity (NOAA). Income is Census ACS 5-year estimate. Industries are largest employment sectors statewide (BLS); the local mix in a given city may vary.

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