Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the South Hammond area can be challenging. Home prices in South Hammond are now at a median cost of $106,874, higher than the Hammond average of $105,708.
The average cost of rent is $955/mo in South Hammond, primarily driven by the current value of real estate in the South Hammond area. While nearly 37.28% of residents own their homes outright in South Hammond, 29.96% rent.
Housing affordability isn’t just about home prices, though. The average household income in South Hammond is $4,351 per month. Households that rent pay about 21.94% of their income on rent here. South Hammond's most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the neighborhood.
Nearby Neighborhoods
- Columbia Center, Hammond, IN: equally priced homes
- Hollywood, Munster, IN: higher priced homes
- Bernice, Lansing, IL: less expensive homes
- Central Hammond, Hammond, IN: less expensive homes
- Forestdale, Hammond, IN: higher priced homes
- Fairmeadow, Munster, IN: higher priced homes
- North Hammond, Hammond, IN: less expensive homes
- Turner-Meyn Park, Hammond, IN: equally priced homes
- Pulaski Park, Hammond, IN: equally priced homes
- Berger, Dolton, IL: equally priced homes
Neighborhoods with Similar Populations
- Woodlake, San Antonio, TX: higher priced homes
- Creekside, Sacramento, CA: higher priced homes
- Core, San Diego, CA: higher priced homes
- Congdon Park, Duluth, MN: higher priced homes
- White Bridge, Nashville, TN: higher priced homes
- Chester Highlands, Chicago, IL: higher priced homes
- Chapel Hill, Akron, OH: less expensive homes
- Cascade View, Everett, WA: higher priced homes
- Carmel, Charlotte, NC: higher priced homes
- Calico Ridge, Henderson, NV: higher priced homes
All Local Stats
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