Housing in Hammond, MN is relatively affordable compared to other areas in the United States. The median house value in Hammond is $137,300, significantly less than the median house value for the US ($338,100). In the past year, the house appreciation rate for Hammound has been 6.78%, lower than the US national average of 8.27%. This makes it an attractive option for potential homebuyers looking to invest in real estate. With its low cost of living and reasonable appreciation rate, Hammond is an ideal place to find a home with great value.
The median home cost in Hammond is $137,300. Home appreciation the last 10 years has been 78.4%. Home Appreciation in Hammond is up 11.4%.
Average Age of Homes
- The median age of Hammond real estate is 78 years old
The Rental Market in Hammond
- Renters make up 30.2% of the Hammond population
- 5.7% 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.