48212, Hamtramck, MI

The Hamtramck zip code 48212 has a population of about 78,000 people. The median household income in this zip code is about $41,000. The median home value in this zip code is about $130,000.

There has been a lot of speculation lately about whether or not the housing market is going to crash in the near future. However, there are still many people who are buying and selling homes in the Hamtramck area. In fact, according to Zillow, the average sale price for homes in this zip code was up 6% from last year. This suggests that there is still strong demand for homes in this area.

One reason that there is still strong demand for homes in the Hamtramck area may be because of the high home equity and home prices here. According to Zillow, the average home equity value here is $128,700 which is quite high compared to other areas of Michigan. Additionally, according to Trulia, the average home price here is $130,000 which also makes it a very desirable location to live in.

Overall, it seems that homeownership rates are still high and there is still strong demand for homes in the Hamtramck area despite some recent concerns about the housing market. If you're looking for a place to live that's close to all of Detroit's attractions but with a lower cost of living than downtown Detroit or other areas of Michigan City or Dearborn Heights then you may want to consider purchasing a home in Hamtramck