Affordable
Expensive
Expensive
Colorblind friendly
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These days, finding an affordable place to live in the Central Hammond area can be challenging. Home prices in Central Hammond are now at a median cost of $134,999, lower than the Hammond average of $159,417.
The average cost of rent is $997/mo in Central Hammond, primarily driven by the current value of real estate in the Central Hammond area. In Central Hammond, 48.94% of households rent, and 44.13% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Central Hammond is $4,090 per month. Households that rent pay about 24.37% of their income on rent here. Central Hammond’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- North Hammond, Hammond, IN: equally priced homes
- Pulaski Park, Hammond, IN: higher priced homes
- South Hammond, Hammond, IN: higher priced homes
- Columbia Center, Hammond, IN: equally priced homes
- Forestdale, Hammond, IN: higher priced homes
- Turner-Meyn Park, Hammond, IN: higher priced homes
- Bernice, Lansing, IL: higher priced homes
- Hollywood, Munster, IN: higher priced homes
- Hegewisch, Chicago, IL: higher priced homes
- Fairmeadow, Munster, IN: higher priced homes
Neighborhoods with Similar Populations
- Historic West-Side, Springfield, IL: equally priced homes
- Beechwood, Parkersburg, WV: equally priced homes
- Riverwalk, Porter, TX: higher priced homes
- North Sifton-Orchards Area, Orchards, WA: higher priced homes
- Ardmore-Gould Estates-Olin Heights, Savannah, GA: higher priced homes
- Wendover-Sedgewood, Charlotte, NC: higher priced homes
- South Pier, Sheboygan, WI: higher priced homes
- Moorland-Rimrock, Madison, WI: higher priced homes
- Live Oaks Square, Tampa, FL: higher priced homes
- Knightsville, Cranston, RI: higher priced homes
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