The housing in Hammond, NY is quite affordable compared to the national median. The median house value in Hammond is $156,300, which is significantly lower than the US median of $338,100. Furthermore, over the course of the past year, house values in Hammond have appreciated by 9.27%, a higher rate than the US average of 8.27%. As a result of these factors, Hammond has become an attractive location for people looking for an affordable place to live with good potential for appreciation.
The median home cost in Hammond is $156,300. Home appreciation the last 10 years has been 30.9%. Home Appreciation in Hammond is up 11.4%.
Average Age of Homes
- The median age of Hammond real estate is 52 years old
The Rental Market in Hammond
- Renters make up 9.3% of the Hammond population
- 0.6% 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.