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 $173,655, lower than the Louisiana average of $194,522.
The average cost of rent is $885/mo in Hammond, primarily driven by the current value of real estate in the Hammond area. While nearly 45.42% of residents own their homes outright in Hammond, 38.06% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hammond is $4,130 per month. Households that rent pay about 21.42% of their income on rent here. Hammond's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Tickfaw, LA: less expensive homes
- Natalbany, LA: equally priced homes
- Ponchatoula, LA: equally priced homes
- Woodhaven, LA: equally priced homes
- Albany, LA: equally priced homes
- Wadesboro, LA: higher priced homes
- Springfield, LA: less expensive homes
- Robert, LA: higher priced homes
- Holden, LA: equally priced homes
- Killian, LA: higher priced homes
Cities with Similar Populations
- Azusa, CA: higher priced homes
- Wayne, NJ: higher priced homes
- Palm Desert, CA: higher priced homes
- New Castle, DE: higher priced homes
- Morristown, TN: equally priced homes
- Lakewood, OH: higher priced homes
- San Benito, TX: less expensive homes
- Morrisville, PA: higher priced homes
- Bedford, TX: higher priced homes
- Cerritos, CA: higher priced homes
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