The housing market in 61929 Hammond, IL is booming! The current median value of a home in the area is $100,400, which is significantly lower than the US median value of $338,100. Furthermore, the 1 year house appreciation rate in 61929 Hammond, IL has been an impressive 18.98%, much higher than the national average of 8.27%. This means that homes have seen a dramatic increase in their value over the last year and this trend is expected to continue. Investing in real estate in 61929 Hammond could be a great opportunity for potential buyers!
The median home cost in Hammond (zip 61929) is $100,400. Home appreciation the last 10 years has been 43.3%. Home Appreciation in Hammond (zip 61929) is up 13.5%.
Average Age of Homes
- The median age of Hammond (zip 61929) real estate is 59 years old
The Rental Market in Hammond (zip 61929)
- Renters make up 27.8% of the Hammond (zip 61929) population
- 5.1% of houses and apartments in Hammond (zip 61929), 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.