Hamtramck, MI
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Hamtramck short-term rental market based on reliable data.
Listings
52 / 113
Reliable / Active
Cap Rate
11%
Middle-Earners Gross Yield
Revenue
$17,963
Middle-Earners Revenue
Occupancy
56%
Middle-Earners Occupancy
Home Value
$163,523
Median Home Sale Price
Top Earners
$29,020
Top-Earners Revenue
Hamtramck
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Hamtramck.
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Generally Investor friendly
Hamtramck Regulations
STRs are clearly permitted under a landlord registration and inspection system with moderate fees, a two‑year certificate, and a known process; no zoning caps are identified and enforcement is currently weak but improving, while pending state legislation adds future tax and insurance burdens.
Local STR Agent
STR specialist · Hamtramck, MI
About Hamtramck
Hamtramck ( ham-TRAM-ik) is a city in Wayne County in the U.S. state of Michigan. An enclave of Detroit, Hamtramck is located roughly 5 miles (8.0 km) north of downtown Detroit, and is surrounded by Detroit on most sides. As of the 2020 census, the city had a population of 28,433, and was by far the most densely populated municipality in Michigan. It is notable as the only Muslim-majority city in the United States.Known in the 20th century as a vibrant center of Polish-American life and culture, Hamtramck has attracted new immigrants in the 21st century, especially from Yemen, Bangladesh and Pakistan. In 2013, it reportedly became the first Muslim-majority city in the U.S. In 2015, Hamtramck became the first city to have a Muslim-majority city council in the history of the United States, with four of the six council members being Muslim.