Is Hamtramck, MI a good place to invest in rental property?

Hamtramck, MI has a median modeled monthly cash flow of $-258 and a median cap rate of 4.8%, on a median sold price of $225,000. Prices changed +2.1% year over year.

What is the average cap rate in Hamtramck, MI?

The median cap rate across recently sold homes in Hamtramck, MI is 4.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Hamtramck, MI?

The median sold price in Hamtramck, MI is $225,000 (about $145 per square foot).

Investing in Hamtramck, MI Real Estate

A data-driven snapshot of the Hamtramck, MI rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$225,000Median sold price

$145Median $/sqft

4.8%Median cap rate

$-258Modeled cash flow / mo

+2.1%Appreciation YoY

11.1Months of supply

109Active listings

118Sold (last 12 mo)

What the Hamtramck numbers say

In Hamtramck, MI, the median home sold for $225,000 (about $145 per square foot), and the typical deal models out to a 4.8% cap rate with a median $-258 of monthly cash flow. Sold prices moved +2.1% over the past year. Inventory sits at about 11.1 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Michigan markets to compare

See Hamtramck cash-flowing listings

CashFlowRE ranks every for-sale home in Hamtramck, MI by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Hamtramck deals, or browse the national market data.