Home prices
The median home in Hamtramck costs $69,700. Compared to other places in this area it is roughly $75,780 (52%) lower.Compared to the rest of the country it is roughly $147,800 (67%) lower, and is about $20,500 (41%) higher compared to the city of Detroit.
Rents
The median rent in Hamtramck is $729 a month. In comparison to other places in this area this is about $150 (17%) lower.Compared to the United States as a whole it is about $333 (31%) lower, and in comparison to the city of Detroit is approximately $95 (11%) lower.
Nearby places
Highland Park
Highland Park is Hamtramck's neighbor to the west. Housing prices there are significantly less expensive. Highland Park's median home price is $45,700, which comes out to $24,000 (52%) lower than Hamtramck. Its rents are a bit less expensive. In Highland Park the median rent is $596 per month, which is $133 (22%) lower than Hamtramck.
Hazel Park
Hazel Park is roughly 4 miles northwest of Hamtramck. The real estate prices there are a little more expensive. The median home value in Hazel Park is $73,600, which is $3,900 (5%) higher than Hamtramck. Rents there are a little more expensive. Hazel Park's median rent is $978 per month, which works out to $249 (25%) higher than Hamtramck.
Ferndale
Ferndale is approximately 5 miles northwest from Hamtramck. The housing prices there are a lot more expensive. Ferndale's median home value is $162,000, which works out to $92,300 (56%) higher than Hamtramck. Rent there is somewhat more expensive. In Ferndale the median monthly rent is $1,032, which comes out to $303 (29%) higher than Hamtramck.
Grosse Pointe Park
Grosse Pointe Park is approximately 5 miles east of Hamtramck. Real estate prices there are significantly more expensive. The median home cost in Grosse Pointe Park is $358,400, which comes out to $288,700 (80%) higher than Hamtramck. Rents there are substantially more expensive. Grosse Pointe Park's median rent is $1,110 a month, which comes out to $381 (34%) higher than Hamtramck.
Center Line
Center Line is roughly 5 miles north of Hamtramck. Its housing prices are a bit more expensive. Center Line's median home price is $87,700, which works out to $18,000 (20%) higher than Hamtramck. Rent there is somewhat less expensive. Center Line's median monthly rent is $681, which works out to $48 (7%) lower than Hamtramck.
