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 $105,708, lower than the Indiana average of $175,617.
The average cost of rent is $968/mo in Hammond, primarily driven by the current value of real estate in the Hammond area. While nearly 40.29% of residents own their homes outright in Hammond, 40.53% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hammond is $4,023 per month. Households that rent pay about 24.06% of their income on rent here. Hammond's most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- East Chicago, IN: less expensive homes
- Calumet City, IL: equally priced homes
- Munster, IN: higher priced homes
- Lansing, IL: higher priced homes
- Highland, IN: higher priced homes
- Burnham, IL: equally priced homes
- South Holland, IL: higher priced homes
- Whiting, IN: higher priced homes
- Griffith, IN: higher priced homes
- Lynwood, IL: higher priced homes
Cities with Similar Populations
- Fort Lauderdale, FL: higher priced homes
- Framingham, MA: higher priced homes
- Fredericksburg, VA: higher priced homes
- Gainesville, FL: higher priced homes
- Garland, TX: higher priced homes
- Gaithersburg, MD: higher priced homes
- Federal Way, WA: higher priced homes
- Fort Smith, AR: higher priced homes
- Fort Collins, CO: higher priced homes
- Frederick, MD: higher priced homes
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