Hammond, LA—70401
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Hammond, LA
Home Price Trends — Hammond, LA
As of Oct '25, the median home price in Hammond, LA is $210,000, with a year-over-year change of 0.5%. This indicates that home prices in Hammond, LA are flat. According to Zillow, the 1-year price projection is -2.6%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $210,000 | 0.5% |
| Single Family | $213,000 | 1.4% |
| Condos | $119,000 | -0.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $131,000 | 5.6% |
3 Bed | $225,000 | 3.7% |
4 Bed | $284,000 | 2.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hammond, LA
As of July '25, Rentcast reports the average rent in Hammond, LA is $1,230, with a year-over-year rent change of 4.2%. Per bedroom, the median rent as of July '25 in Hammond, LA is 1-bedrooms: $863, 2-bedrooms: $1,130, 3-bedrooms: $1,500, 4-bedrooms: $2,260. The most common rental property sizes in Hammond, LA are 2-bedroom and 1-bedroom, accounting for 51.7% and 18.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,230 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $863 |
| 2 Bed Rent | $1,100 | $1,130 |
| 3 Bed Rent | $1,500 | $1,500 |
| 4 Bed Rent | $2,200 | $2,260 |
% of Rental Stock
Property Listings — Hammond, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in Hammond, LA is 90. This is a increase of 2.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $254,000 | 12.0% |
Listing Count | 90 | -4.0% |
| Listings as % of Homes | 0.8% | -4.0% |
Days on Market | 90 | 2.0% |
Demographics — Hammond, LA
As of the latest ACS Survey released in 2023, Hammond, LA has a population of 21,900, which has increased by 20.0% over the past 5 years. Hammond, LA is a popular place for families, as children make up 25.9% of the population. The area has a moderately educated workforce, with 35.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,900 | 20.0% |
% Under 18 | 25.9% | 19.4% |
% Seniors | 11.2% | -15.2% |
% WFH | 5.3% | 307.7% |
% w/ College Degree | 35.0% | 30.6% |
As of the latest ACS Survey released in 2023, Hammond, LA is a predominantly white area, with 54.5% of the population identifying as white. The white population has grown by 1.1% in the last 5 years. The second most common race or ethnicity in Hammond, LA is black, making up 37.1% of the population. Foreign-born residents account for 2.2% of the population in Hammond, LA, and this percentage has decreased by 38.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 54.5% | 1.1% |
% Black | 37.1% | -3.9% |
% Hispanic | 4.5% | 9.8% |
% Asian | 0.8% | -55.6% |
% Foreign Born | 2.2% | -38.9% |
Mortgage and Risk — Hammond, LA
According to HUD data as of 2023, there were 232 mortgage originations in Hammond, LA, of which 58.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 50.0% above 90% LTV (very high). This implies large mortgage risk in Hammond, LA. Investor activity is low, as 6.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 232 |
% Conventional Loans | 58.0% |
% Government Loans | 42.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Hammond, LA
As of 2024, the percent of homes in Hammond, LA under the Section 8 program is 6.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Hammond, LA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 298 |
Total Units Section 8 | 298 |
% Rentals under Section 8 | 6.3% |
% Occupied Section 8 | 84.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $850 | $1,020 |
| 2 Bedroom | $50 | $1,100 | $1,150 |
| 3 Bedroom | -$60 | $1,500 | $1,440 |
| 4 Bedroom | -$280 | $2,200 | $1,920 |
Affordability — Hammond, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $210,000 |
| Median Household Income | $51,000 |