Hamtramck, MI

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  • Performance
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Key Performance Metrics

Market snapshot

Performance indicators for the Hamtramck short-term rental market based on reliable data.

Listings

61 / 116

Reliable / Active

Cap Rate

12%

Middle-Earners Gross Yield

Revenue

$17,989

Middle-Earners Revenue

Occupancy

63%

Middle-Earners Occupancy

Home Value

$156,905

Median Home Sale Price

Top Earners

$31,613

Top-Earners Revenue

Hamtramck

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Hamtramck.

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B

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.

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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.

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