Hammond, IL—61929
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hammond, IL
As of Oct '25, the median home price in Hammond, IL is $131,000, with a year-over-year change of 4.1%. This indicates that home prices in Hammond, IL are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $131,000 | 4.1% |
| Single Family | $131,000 | 4.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hammond, IL
Hammond, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Hammond, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Hammond, IL is 62. This is a decrease of -63.0% 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 50.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $179,000 | 150.0% |
Listing Count | 4 | 333.0% |
| Listings as % of Homes | 1.1% | 333.0% |
Days on Market | 62 | -63.0% |
Demographics — Hammond, IL
As of the latest ACS Survey released in 2023, Hammond, IL has a population of 713, which has increased by 4.4% over the past 5 years. Hammond, IL is a moderately popular place for families, as children make up 22.9% of the population. The area has a poorly educated workforce, with 20.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 713 | 4.4% |
% Under 18 | 22.9% | -12.6% |
% Seniors | 23.3% | 14.2% |
% WFH | 3.3% | -72.0% |
% w/ College Degree | 20.6% | 87.3% |
As of the latest ACS Survey released in 2023, Hammond, IL is a predominantly white area, with 97.6% of the population identifying as white. The white population has grown by 1.0% in the last 5 years. The second most common race or ethnicity in Hammond, IL is asian, making up 0.8% of the population. Foreign-born residents account for 1.0% of the population in Hammond, IL, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 97.6% | 1.0% |
% Black | 0.0% | N/A |
% Hispanic | 0.4% | -77.8% |
% Asian | 0.8% | ∞% |
% Foreign Born | 1.0% | 0.0% |
Mortgage and Risk — Hammond, IL
Hammond, IL lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Hammond, IL
Hammond, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 16 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 3.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $800 |
| 2 Bedroom | N/A | N/A | $950 |
| 3 Bedroom | N/A | N/A | $1,240 |
| 4 Bedroom | N/A | N/A | $1,260 |
Affordability — Hammond, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.8 |
| Median Home Price | $131,000 |
| Median Household Income | $59,800 |