Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Hammond area can be challenging. Home prices in Hammond are now at a median cost of $97,726, lower than the Illinois average of $242,002.
The average cost of rent is $593/mo in Hammond, primarily driven by the current value of real estate in the Hammond area. While nearly 50.01% of residents own their homes outright in Hammond, 19.30% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hammond is $5,862 per month. Households that rent pay about 10.11% of their income on rent here. Hammond's most expensive areas are in the southern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Lintner, IL: less expensive homes
- Pierson, IL: higher priced homes
- Voorhies, IL: equally priced homes
- Williamsburg, IL: higher priced homes
- Lovington, IL: equally priced homes
- La Place, IL: equally priced homes
- Lake City, IL: equally priced homes
- Bodman, IL: equally priced homes
- Atwood, IL: higher priced homes
- Bement, IL: equally priced homes
Cities with Similar Populations
- Lucerne, IN: higher priced homes
- Riggins, ID: higher priced homes
- Ridgeside, TN: higher priced homes
- Rhodes, IA: higher priced homes
- Reservoir, PA: higher priced homes
- Red Jacket, WV: less expensive homes
- Mayetta, NJ: higher priced homes
- Mantua Center, OH: higher priced homes
- Manassas, GA: equally priced homes
- Adirondack, NY: higher priced homes
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