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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 $234,504, lower than the Texas average of $322,096.
The average cost of rent is $925/mo in Hammond, primarily driven by the current value of real estate in the Hammond area. In Hammond, 12.98% of households rent, and 59.53% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hammond is $6,728 per month. Households that rent pay about 13.74% of their income on rent here. Hammond’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Eloise, TX: equally priced homes
- Tidwell Prairie, TX: less expensive homes
- Bremond, TX: less expensive homes
- Reagan, TX: higher priced homes
- Wilderville, TX: less expensive homes
- Briary, TX: less expensive homes
- Pleasant Grove, TX: less expensive homes
- Petteway, TX: equally priced homes
- New Baden, TX: equally priced homes
- Owensville, TX: higher priced homes
Cities with Similar Populations
- Arnett, TX: equally priced homes
- Allakaket, AK: less expensive homes
- Alleene, AR: less expensive homes
- Alton, KS: less expensive homes
- Alton, WV: less expensive homes
- Zinnia, WV: less expensive homes
- Angora, NE: less expensive homes
- Angus, MN: less expensive homes
- Antioch, GA: equally priced homes
- Aonia, GA: less expensive homes
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