Zip 70401 (Hammond, LA) Housing

The housing market in 70401 Hammond, LA is a thriving one. The median value of houses is $176,000, compared to the US median of $338,100 - almost half of the national average. Over the past year, house appreciation in that area has been 11.36%, which is higher than the US average of 8.27%. This means that many homeowners are benefiting from their investments in 70401 Hammond, LA and are seeing an increase in their home equity over time. Therefore, 70401 Hammond, LA is a great place for anyone looking to buy or invest in a home and reap the rewards of an appreciating market.

The median home cost in Hammond (zip 70401) is $176,000. Home appreciation the last 10 years has been 53.3%. Home Appreciation in Hammond (zip 70401) is up 14.5%.

Average Age of Homes

- The median age of Hammond (zip 70401) real estate is 31 years old

The Rental Market in Hammond (zip 70401)

- Renters make up 44.6% of the Hammond (zip 70401) population
- 5.2% of houses and apartments in Hammond (zip 70401), 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, Louisiana	United States
	9,066.0	139,647,020.0
	35	42
	$176,000	$338,100
	14.5%	16.6%
	36.8%	57.0%
	53.3%	101.1%
	$4.67	$10.98
	$837	$2,690
	40.8%	57.4%
	15.8%	11.2%
	43.4%	31.4%
Vacant Housing
	5.2%	1.9%
	1.2%	0.4%
	1.1%	0.7%
	0.0%	0.4%
	2.6%	3.6%
	5.6%	4.1%
Value of Owner-Occupied Housing
	5.8%	2.6%
	3.3%	2.4%
	3.5%	2.8%
	1.3%	3.9%
	6.5%	4.5%
	15.4%	11.3%
	21.6%	13.0%
	26.4%	20.1%
	7.3%	13.6%
	3.4%	8.3%
	3.9%	9.7%
	0.3%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	1.3%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	17.8%	13.6%
	17.8%	13.6%
	15.3%	13.6%
	19.9%	13.2%
	20.0%	14.8%
	15.3%	13.6%
	7.2%	10.0%
	1.0%	4.7%
	2.5%	12.2%

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