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 $55,115, lower than the Kentucky average of $164,895.
The average cost of rent is $456/mo in Hammond, primarily driven by the current value of real estate in the Hammond area. While nearly 80.91% of residents own their homes outright in Hammond, 23.90% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hammond is $2,034 per month. Households that rent pay about 22.40% of their income on rent here. Hammond's most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Scalf, KY: less expensive homes
- Ogle, KY: equally priced homes
- Brightshade, KY: equally priced homes
- Walker, KY: higher priced homes
- Hinkle, KY: higher priced homes
- Green Road, KY: higher priced homes
- Sprule, KY: higher priced homes
- Lincoln, KY: higher priced homes
- Bimble, KY: higher priced homes
- Girdler, KY: higher priced homes
Cities with Similar Populations
- Morrow, LA: higher priced homes
- Montezuma, TN: higher priced homes
- Moore, IN: higher priced homes
- Mooresville, KY: higher priced homes
- Moorhead, IA: higher priced homes
- Moran, TX: higher priced homes
- Morrill, KS: higher priced homes
- Morris, GA: higher priced homes
- Morris, PA: higher priced homes
- Monroe, SD: higher priced homes
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