Hammond, LA—70403
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 $223,000, with a year-over-year change of 0.7%. 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 | $223,000 | 0.7% |
| Single Family | $225,000 | 1.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $149,000 | 9.6% |
3 Bed | $226,000 | 3.2% |
4 Bed | $310,000 | 2.3% |
| 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 $1,430, with a year-over-year rent change of 8.3%. Per bedroom, the median rent as of July '25 in Hammond, LA is 1-bedrooms: $946, 2-bedrooms: $1,180, 3-bedrooms: $1,610, 4-bedrooms: $2,140. The most common rental property sizes in Hammond, LA are 2-bedroom and 3-bedroom, accounting for 47.3% and 23.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,390 | $1,430 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $900 | $946 |
| 2 Bed Rent | $1,200 | $1,180 |
| 3 Bed Rent | $1,600 | $1,610 |
| 4 Bed Rent | $1,850 | $2,140 |
% 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 83. This is a decrease of -6.0% from last year, suggesting that homes are sitting on the market shorter 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 | $277,000 | 11.0% |
Listing Count | 125 | 6.0% |
| Listings as % of Homes | 0.7% | 6.0% |
Days on Market | 83 | -6.0% |
Demographics — Hammond, LA
As of the latest ACS Survey released in 2023, Hammond, LA has a population of 30,800, which has decreased by -1.2% over the past 5 years. Hammond, LA is a moderately popular place for families, as children make up 25.0% of the population. The area has a poorly educated workforce, with 24.1% 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 | 30,800 | -1.2% |
% Under 18 | 25.0% | -5.7% |
% Seniors | 13.9% | 11.2% |
% WFH | 5.3% | 47.2% |
% w/ College Degree | 24.1% | 17.6% |
As of the latest ACS Survey released in 2023, Hammond, LA is a predominantly white area, with 54.8% of the population identifying as white. The white population has shrunk by 1.4% in the last 5 years. The second most common race or ethnicity in Hammond, LA is black, making up 36.8% of the population. Foreign-born residents account for 2.8% of the population in Hammond, LA, and this percentage has increased by 7.7% 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 | 54.8% | -1.4% |
% Black | 36.8% | 3.4% |
% Hispanic | 6.0% | 13.2% |
% Asian | 0.5% | -54.5% |
% Foreign Born | 2.8% | 7.7% |
Mortgage and Risk — Hammond, LA
According to HUD data as of 2023, there were 385 mortgage originations in Hammond, LA, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 44.0% 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. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 385 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Hammond, LA
As of 2024, the percent of homes in Hammond, LA under the Section 8 program is 9.1%. 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 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Hammond, LA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 332 |
Total Units Section 8 | 312 |
% Rentals under Section 8 | 9.1% |
% Occupied Section 8 | 91.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $900 | $1,020 |
| 2 Bedroom | -$50 | $1,200 | $1,150 |
| 3 Bedroom | -$160 | $1,600 | $1,440 |
| 4 Bedroom | $70 | $1,850 | $1,920 |
Affordability — Hammond, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $223,000 |
| Median Household Income | $50,500 |