Hammond, IN—46327
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hammond, IN
As of Oct '25, the median home price in Hammond, IN is $156,000, with a year-over-year change of 5.3%. This indicates that home prices in Hammond, IN are increasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $156,000 | 5.3% |
| Single Family | $156,000 | 5.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $140,000 | 4.5% |
3 Bed | $165,000 | 5.1% |
4 Bed | $186,000 | 5.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,380 | $1,390 |
| Studio Rent | N/A | N/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/A | N/A |
% of Rental Stock
Property Listings — Hammond, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Hammond, IN is 64. This is a increase of 135.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $196,000 | -8.0% |
Listing Count | 23 | 158.0% |
| Listings as % of Homes | 0.3% | 158.0% |
Days on Market | 64 | 135.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$40 | $1,000 | $960 |
| 2 Bedroom | -$30 | $1,200 | $1,170 |
| 3 Bedroom | -$260 | $1,700 | $1,440 |
| 4 Bedroom | N/A | N/A | $1,550 |
Affordability — Hammond, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $156,000 |
| Median Household Income | $50,500 |