Hamtramck, MI

Hamtramck is a city located in Wayne County, Michigan, United States. As of the 2010 census, the city had a population of 20,521. Hamtramck was founded in 1891 and was named after Charles Augustus Hamtramck, an early settler in the area. The city is known for its large Polish American community and its proximity to Detroit.

Real estate in Hamtramck has seen steady growth over the past few years as more people move into the city and invest in property. There are a number of reasons for this growth: first and foremost, Hamtramck is located close to both Detroit and Dearborn – two major metropolitan areas with high demand for housing – making it an attractive option for those looking to relocate or invest. Additionally, many new businesses have opened up in the city over the past few years, providing jobs and additional demand for housing. Finally, Hamtramck has been designated as a “Priority Community” by HUD – meaning that it has been targeted by the government as a place where investment opportunities exist due to its strong economic prospects.

Given these factors, real estate prices in Hamtramck have seen significant growth over recent years. In fact, according to data from Zillow®, median home prices in Hamtramck increased by 58% between 2012 and 2016 alone! This rapid price appreciation has madeHamtramick one of the most expensive cities in Michigan to buy or rent property – making it an ideal location for those looking to invest or relocate.

While there are certainly risks associated with investing in real estate – any market can experience sudden changes that can impact prices – overall Hamtramick appears to be a safe investment option given its strong economic prospects and growing population base. If you are interested in investing or relocating to this exciting cityscape, be sure to contact your local real estate professionals today!