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Affordable
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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 $319,200, lower than the Minnesota average of $345,793.
The average cost of rent is $920/mo in Hammond, primarily driven by the current value of real estate in the Hammond area. In Hammond, 13.64% of households rent, and 43.34% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hammond is $6,705 per month. Households that rent pay about 13.72% of their income on rent here. Hammond’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Zumbro Falls, MN: higher priced homes
- Jarrett, MN: equally priced homes
- Millville, MN: equally priced homes
- Potsdam, MN: higher priced homes
- Mazeppa, MN: equally priced homes
- Elgin, MN: equally priced homes
- Oak Center, MN: equally priced homes
- Oronoco, MN: higher priced homes
- Theilman, MN: equally priced homes
- Plainview, MN: less expensive homes
Cities with Similar Populations
- Colegrove, PA: less expensive homes
- Charleston, KY: less expensive homes
- Chatmar, FL: less expensive homes
- Chennault, GA: less expensive homes
- Cherry Valley, PA: less expensive homes
- Chickamaw Beach, MN: less expensive homes
- Chimney Rock Village, NC: higher priced homes
- Chincoteague Island, VA: equally priced homes
- Churchville, WV: less expensive homes
- Coal City, PA: less expensive homes
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