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

Hamtramck, MI has a median modeled monthly cash flow of $-297 and a median cap rate of 4.7%, on a median sold price of $227,000. Prices changed +6.6% year over year.

What is the average cap rate in Hamtramck, MI?

The median cap rate across recently sold homes in Hamtramck, MI is 4.7%, 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 $227,000 (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.

$227,000Median sold price

$145Median $/sqft

4.7%Median cap rate

$-297Modeled cash flow / mo

+6.6%Appreciation YoY

14.5Months of supply

134Active listings

111Sold (last 12 mo)

What the Hamtramck numbers say

In Hamtramck, MI, the median home sold for $227,000 (about $145 per square foot), and the typical deal models out to a 4.7% cap rate with a median $-297 of monthly cash flow. Sold prices moved +6.6% over the past year. Inventory sits at about 14.5 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.