Zip 46394 (Hammond, IN) Housing

The housing market in 46394 Hammond, IN is quite strong. The median value of a house in this area is $185,800 which is slightly lower than the US median of $338,100. However, the appreciation rate for houses over the past year has been particularly impressive at 9.67%, being higher than the US average of 8.27%. This suggests that Hammond is a great area to invest in property due to its increasingly valuable assets and growing population.

The median home cost in Hammond (zip 46394) is $185,800. Home appreciation the last 10 years has been 76.1%. Home Appreciation in Hammond (zip 46394) is up 14.2%.

Average Age of Homes

- The median age of Hammond (zip 46394) real estate is 78 years old

The Rental Market in Hammond (zip 46394)

- Renters make up 27.6% of the Hammond (zip 46394) population
- 1.6% of houses and apartments in Hammond (zip 46394), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Hammond, Indiana	United States
	5,308.0	139,647,020.0
	55	42
	$185,800	$338,100
	14.2%	16.6%
	54.9%	57.0%
	76.1%	101.1%
	$10.50	$10.98
	$1,436	$2,690
	56.8%	57.4%
	9.1%	11.2%
	34.1%	31.4%
Vacant Housing
	1.6%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.5%	0.4%
	0.0%	3.6%
	7.0%	4.1%
Value of Owner-Occupied Housing
	2.2%	2.6%
	1.8%	2.4%
	0.6%	2.8%
	4.8%	3.9%
	18.7%	4.5%
	33.6%	11.3%
	24.5%	13.0%
	9.0%	20.1%
	2.9%	13.6%
	0.4%	8.3%
	1.1%	9.7%
	0.3%	3.9%
	0.3%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	0.6%	13.6%
	0.6%	13.6%
	0.6%	13.6%
	1.8%	13.2%
	2.8%	14.8%
	0.6%	13.6%
	13.3%	10.0%
	14.2%	4.7%
	59.1%	12.2%