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Hammond, IN—46327

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$157,000
0.7% YoY Growth
Household Income
$50,500
9.9% YoY Growth
Days on Market
66
100.0% Longer YoY
Home Price Forecast
0.5%
Median Rent
$1,380
2.1% YoY Growth
1-Bed Rent
$1,000
2.9% YoY Growth
2-Bed Rent
$1,200
5.7% YoY Growth
3-Bed Rent
$1,700
17.4% YoY Growth

Other Zip Codes in Hammond, IN

463204632446323
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Hammond, IN

As of May '26, the median home price in Hammond, IN is $157,000, with a year-over-year change of -0.7%. This indicates that home prices in Hammond, IN are flat. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$157,000-0.7%
Single Family $157,000-2.5%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$140,000-3.4%
    3 Bed
    		$167,000-2.9%
    4 Bed
    		$189,000-2.6%
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    7.3%
    2 Bedrooms
    38.2%
    3 Bedrooms
    40.9%
    4 Bedrooms
    11.6%
    5+ Bedrooms
    2.0%

    Rental Trends — Hammond, IN

    As of July '25, Rentcast reports the average rent in Hammond, IN is $1,390, with a year-over-year rent change of -2.1%. Per bedroom, the median rent as of July '25 in Hammond, IN is 1-bedrooms: $1,000, 2-bedrooms: $1,160, 3-bedrooms: $1,750. The most common rental property sizes in Hammond, IN are 2-bedroom and 3-bedroom, accounting for 45.7% and 34.9% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,380$1,390
    Studio Rent N/AN/A
    1 Bed Rent $1,000$1,000
    2 Bed Rent $1,200$1,160
    3 Bed Rent $1,700$1,750
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    13.7%
    2 Bedrooms
    45.7%
    3 Bedrooms
    34.9%
    4 Bedrooms
    2.4%
    5+ Bedrooms
    3.4%

    Property Listings — Hammond, IN

    As of May '26, Realtor.com reports that the median days on market for a home in Hammond, IN is 66. This is a increase of 100.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$172,000-4.0%
    Listing Count
    		15-6.0%
    Listings as % of Homes0.3%-6.0%
    Days on Market
    		66100.0%
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    Demographics — Hammond, IN

    As of the latest ACS Survey released in 2023, Hammond, IN has a population of 10,800, which has decreased by -7.2% over the past 5 years. Hammond, IN is a popular place for families, as children make up 25.4% of the population. The area has a poorly educated workforce, with 11.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		10,800-7.2%
    % Under 18
    		25.4%-7.0%
    % Seniors
    		11.8%26.9%
    % WFH
    		3.0%172.7%
    % w/ College Degree
    		11.6%30.3%
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    As of the latest ACS Survey released in 2023, Hammond, IN is a predominantly hispanic area, with 58.0% of the population identifying as hispanic. The hispanic population has shrunk by 12.9% in the last 5 years. The second most common race or ethnicity in Hammond, IN is white, making up 28.4% of the population. Foreign-born residents account for 20.9% of the population in Hammond, IN, and this percentage has increased by 10.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		28.4%17.4%
    % Black
    		12.7%46.0%
    % Hispanic
    		58.0%-12.9%
    % Asian
    		0.4%300.0%
    % Foreign Born
    		20.9%10.6%
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    Mortgage and Risk — Hammond, IN

    According to HUD data as of 2023, there were 117 mortgage originations in Hammond, IN, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 50.0% above 90% LTV (very high). This implies large mortgage risk in Hammond, IN. Investor activity is low, as 6.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		117
    % Conventional Loans
    		74.0%
    % Government Loans
    		26.0%
    % Investor Loans
    		6.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		17.0%
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    Rentals and Section 8 — Hammond, IN

    Hammond, IN lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		37
    Total Units Section 8
    		37
    % Rentals under Section 8
    		2.8%
    % Occupied Section 8
    		83.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$40$1,000$960
    2 Bedroom-$30$1,200$1,170
    3 Bedroom-$260$1,700$1,440
    4 BedroomN/AN/A$1,550

    Affordability — Hammond, IN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.7
    Median Home Price$157,000
    Median Household Income$50,500

    Hammond, IN — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Hammond, IN

    46320

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    Hammond, IN

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    Frequently Asked Questions