Housing in Hammond, LA is an attractive and affordable option compared to the US average. The median value of a house in this city is $185,000, which is much lower than the US house median value of $338,100. Additionally, the 1 year appreciation rate of 11.36% in Hammond is higher than the national average of 8.27%. Homeowners and potential buyers looking for an affordable and appreciating housing market should look no further than Hammond, LA.
The median home cost in Hammond is $185,000. Home appreciation the last 10 years has been 53.3%. Home Appreciation in Hammond is up 14.5%.
Average Age of Homes
- The median age of Hammond real estate is 36 years old
The Rental Market in Hammond
- Renters make up 46.6% of the Hammond population
- 3.8% of houses and apartments in Hammond, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.