The story of this market
The typical home in ZIP 48212 sells for about $190,000, or $135 per square foot.
Prices are down 2.5% from a year ago, which gives buyers more room to negotiate. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $999 a month.
ZIP 48212 — Hamtramck
The housing market in 48212 remains stable with a median price of $165,000, driven by demand for affordable urban housing. Inventory levels are moderate, and the market is characterized by a mix of owner-occupants and investors. The area continues to see steady interest due to its central location within Metro Detroit.
This ZIP is well-suited for first-time homebuyers, investors seeking rental income, and commuters who prioritize proximity to Detroit over suburban space.
Median prices moved down 2.5% year over year.
Homes spend a median of 45 days on market with 4.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 12.0% · poverty 39.0% — elevated distress and economic pressure.
Built from 217 recorded sales in the last 24 months against HUD 3-bedroom fair market rents. The location premium is the part of the price that rent, income, education, employment, vacancy, price trend, hazard, lending and flood risk don't explain. It usually reflects amenities, schools and scarcity. It's area context and does not change this ZIP's home value estimates.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 10.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 48212, Wayne County MI
Hamtramck experiences crime rates that are generally higher than the national average, with property crime being the most frequently reported issue in the area.
Public schools serving the area are primarily managed by Hamtramck Public Schools, which faces challenges with funding and academic performance metrics compared to suburban districts.
The area is primarily an urban environment with standard risks for residential structures; flood risk is generally low, though localized drainage issues can occur during heavy rain events.
Economic momentum is driven by the city's proximity to Detroit's industrial and automotive hubs, with ongoing efforts to revitalize local commercial corridors.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Michigan) — Disabled Veterans Homestead Exemption: Provides an exemption from property taxes levied for school operating purposes and potentially other local taxes depending on eligibility. State (Michigan) — General Property Tax Act: Property is assessed at 50% of true cash value (State Equalized Value). Taxable value is capped at the lesser of the state equalized value or the previous year's taxable value adjusted by the consumer price index (up to 5%), unless a transfer of ownership occurs.
Residents benefit from a central location in Metro Detroit with easy access to I-75 and I-94, making for a relatively short commute to downtown Detroit and surrounding employment centers.
The area features several local parks such as Veterans Memorial Park and is within a short drive of major shopping and dining districts in nearby Ferndale and Detroit.
The rental market is characterized by high demand for affordable units, with a significant portion of the housing stock being investor-owned multi-family properties.
The local economy is anchored by small businesses, light manufacturing, and proximity to the broader Detroit automotive and healthcare employment sectors.
The area is served by regional bus lines and benefits from a dense street grid that connects directly to major Detroit highway corridors.
Development is largely focused on infill projects and the adaptive reuse of older commercial and residential buildings.
The Wayne County assessment regime follows state-mandated property tax caps and annual equalization processes.
Parcels are subject to local school district millages and county-wide special assessments for infrastructure and public services.
Property insurance premiums in the area are influenced by urban density and the age of the housing stock, with standard coverage available.
Data retrieved from data.census.gov and local market reports.
- C.J. Barrymore's4.416.8 mi
- Dave & Buster's Livonia418.9 mi
- Dave & Buster's Utica4.115.1 mi
- Adventure Bay Family Water Park Presented by WFCU Credit Union4.46.7 mi
- Urban Air Trampoline and Adventure Park4.214.6 mi
- Little Caesars Arena4.65 mi
- Comerica Park4.75.2 mi
- Ford Field4.65.1 mi
- Huntington Place4.56 mi
- Masonic Temple4.45 mi
- Ambassador Bridge47.2 mi
- Comerica Park4.75.2 mi
- Henry Ford Museum of American Innovation4.812 mi
- Detroit Zoo4.56.6 mi
- Detroit Institute of Arts4.83.8 mi
- Henry Ford Museum of American Innovation4.812 mi
- Detroit Institute of Arts4.83.8 mi
- Greenfield Village4.811.9 mi
- Michigan Central4.86 mi
- Motown Museum4.73.9 mi
- Campus Martius Park4.75.7 mi
- Detroit Riverwalk4.85.9 mi
- Dodge Park4.712.6 mi
- Red Oaks Waterpark4.47.7 mi
- Ford House4.79.5 mi
- Big Time Entertainment4.48.8 mi
- Western Golf & Country Club4.612.7 mi
- Rackham Golf Course3.87.1 mi
- Maple Lane Golf Club and Driving Range48.9 mi
- Fern Hill Golf Club4.112.9 mi
- Somerset Collection4.612.1 mi
- Devonshire Mall4.310 mi
- Oakland Mall4.19 mi
- Fairlane Town Center4.111 mi
- Windsor Crossing Premium Outlets4.212.2 mi
- Detroit Metropolitan Wayne County Airport4.320.7 mi
- Windsor International Airport4.211 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A central community park offering green space and recreational facilities.
A historic Negro League baseball stadium currently undergoing restoration.
Key-figure check: median price diverges 13.2% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: the flagged $165,000 (-13.2% vs the prior refresh cycle) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.