What is the median home price in Hammond?

The median home price in Hammond, Hammond city, Indiana is $129,100, which is 54% below the national average of 281,900 ($281,900).

Hammond, Hammond city, Indiana has a violent crime rate of 0.0 per 1,000 residents, which is 100% below the national average, making it relatively safe. The national average is 3.6 per 1,000 residents. The property crime rate is 0.0 per 1,000 residents.

What is the Walk Score for Hammond?

Hammond, Hammond city, Indiana has a Walk Score of 47 out of 100, classified as "Car-Dependent." The national average Walk Score is 48/100. The transit score is 0/100. The bike score is 53/100.

What is the median household income in Hammond?

The median household income in Hammond, Hammond city, Indiana is $52,368, which is 30% below the national average of 74,580 ($74,580).

What is the average rent in Hammond?

The median rent in Hammond, Hammond city, Indiana is $1,013 per month. The national average median rent is $1,163/month.

What is the air quality in Hammond?

Hammond, Hammond city, Indiana has an Air Quality Index (AQI) of 24, categorized as "Good." The national average AQI is 42. An AQI under 50 is considered "Good."

What is the population of Hammond?

The population of Hammond, Hammond city, Indiana is approximately 77,390. The homeownership rate is 35.0% (national average: 65.9%).

What are the climate risks in Hammond?

Hammond, Hammond city, Indiana has an overall climate risk rating of "Relatively High" with a risk score of 84.70. This assessment considers hazards such as flooding, wildfire, extreme heat, and severe storms.

Is Hammond affordable?

Hammond, Hammond city, Indiana has an affordability index of 159, which is above the national baseline of 100, indicating relatively affordable housing. The electricity rate is 9.1¢/kWh (national average: 16.6¢/kWh).

What is the unemployment rate in Hammond?

The unemployment rate in Hammond, Hammond city, Indiana is 6.3%. The national average unemployment rate is 3.7%. The poverty rate is 19.9% (national average: 12.4%).

Hammond

Hammond city, Indiana

Affordable

About Hammond

Hammond, Indiana, offers a compelling proposition for those seeking affordability without sacrificing access to urban amenities. This city, home to nearly 80,000 residents, presents a refreshing alternative to the soaring housing costs seen across the nation. Imagine owning a home for a median value of just $129,100 – a stark contrast to the national median of around $350,000. This translates to more financial freedom and the potential to enjoy life's pleasures without the burden of excessive housing expenses. The city has a friendly, working-class vibe, offering a tight-knit community feel, with a pace of life that's relaxed yet connected to the broader Chicago metropolitan area.

From an investment standpoint, Hammond's real estate market offers significant potential. While the median household income hovers around $52,368, the low cost of living allows for a comfortable lifestyle. The city is well-suited for first-time homebuyers, families looking for a place to put down roots, or savvy investors seeking rental properties with strong returns. While specific unemployment data isn't readily available, the city's proximity to Chicago provides numerous employment opportunities. With its affordable housing, Hammond presents a unique opportunity to build equity and enjoy a balanced lifestyle, all within easy reach of a major metropolitan area.

Hammond, Indiana at a Glance

Hammond is a city in Hammond city, Indiana with a population of approximately 77,390. The median home value is $129,100 and the median household income is $52,368. It has a Walk Score of 47 out of 100, indicating car dependency. The violent crime rate is 0.0 per 1,000 residents, which is 100% below the national average. Air quality is rated Good. The overall climate risk is rated as "Relatively High." Median rent is $1,013 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.