What’s a boomtown, and what Michigan towns are considered boomtowns? First of all, boomtowns are the fastest-growing cities in America, because of fast rapid business and population growth. They’re the hot spot to live and buy property, and they’re only getting hotter. As for Michigan, fastest-growing area news, here’s the scoop.
So, which boomtowns are, well, booming around America? GOBankingRates recently released a study with the biggest boomtowns in every state. To conduct the study, they looked at the “one-, five- and eight-year changes in population, occupied housing units and owner-occupied housing units of cities with a population of more than 25,000 but less than 500,000.”
So, which Michigan town is the fastest-growing in the entire state? Hamtramck. According to GOBankingRates.com, the change in population in just one year is 26.93%. That’s massive. According to Niche.com, “Hamtramck is a suburb of Detroit with a population of 27,548. Hamtramck is in Wayne County. Living in Hamtramck offers residents a dense suburban feel and most residents own their homes. In Hamtramck there are a lot of bars and parks.” Also according to Niche.com, the median home value in Hamtramck is $81,100. That’s super far below the national average of $244,900. Maybe that’s why people are moving there? We’re not sure, but there’s the Michigan boomtown for you. Find the full list of the most booming cities in America here.