The housing market in Hammond, IL is thriving. According to current statistics, the median value of homes in this area is $95,600, which is significantly lower than the US house median value of $338,100. In addition, the one-year house appreciation rate for Hammond is an impressive 18.98%, much higher than the national average of 8.27%. This makes Hammond a desirable destination for those looking to invest in real estate and benefit from strong growth potential. With its attractive prices and healthy appreciation rate, Hammond could be a great place to consider when moving to Illinois or searching for a new home.
The median home cost in Hammond is $95,600. Home appreciation the last 10 years has been 43.3%. Home Appreciation in Hammond is up 13.5%.
Average Age of Homes
- The median age of Hammond real estate is 58 years old
The Rental Market in Hammond
- Renters make up 28.6% of the Hammond population
- 6.8% 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.