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 $233,700, lower than the Minnesota average of $269,934.
The average cost of rent is $821/mo in Hammond, primarily driven by the current value of real estate in the Hammond area. While nearly 35.06% of residents own their homes outright in Hammond, 11.11% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hammond is $6,745 per month. Households that rent pay about 12.17% of their income on rent here. Hammond's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Zumbro Falls, MN: higher priced homes
- Jarrett, MN: equally priced homes
- Millville, MN: higher priced homes
- Potsdam, MN: higher priced homes
- Mazeppa, MN: higher priced homes
- Elgin, MN: equally priced homes
- Oak Center, MN: higher priced homes
- Oronoco, MN: higher priced homes
- Theilman, MN: higher 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: higher priced homes
- Churchville, WV: less expensive homes
- Coal City, PA: less expensive homes
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