Multi-family Homes in Hammond, IN

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Hammond, IN Foreclosures

How much do homes sell for in Hammond, IN?
The average home price is currently $155,185.
In Hammond, IN, how many homes are available?
There are currently 20,836 active home listings available in Hammond.
What’s the average rental cost in Hammond, IN?
The average rental price in Hammond is $1,091.
What is the most expensive home in Hammond, Indiana?
The most expensive home sold in Hammond had a price of $1,876,717.
What is currently the cheapest priced home in Hammond, IN?
The cheapest home for sale in Hammond is priced at $15,716.

Home Value Estimator For Hammond, IN

There are currently 20,836 real estate properties in Hammond, IN, with a median automated valuation model (AVM) price of $153,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Hammond, IN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Hammond, IN, is $155,185.00, with the most expensive house in Hammond, IN, topping out at $1,876,717.00 and the cheapest home in Hammond, IN, clocking in at $15,716.00. In other words, there’s something for every potential homebuyer or savvy investor in Hammond, IN!

Rent Prices In Hammond, IN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Hammond, IN, is on a rollercoaster ride. The average rent price in Hammond, IN, is $1,091.00. Indeed, when looking to rent in Hammond, IN, you can expect to pay as little as $540.00 or as much as $2,720.00, with the average rent median estimated to be $1,090.00. The good news is that finding an affordable and desirable property to rent in Hammond, IN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Hammond, IN In 2024

Hammond is located in Lake, Indiana, with an estimated municipal population of 75,522 residents. All of the best foreclosed homes for sale in Hammond are located in the following zip code areas on 46394 46323 46320 46327 46324 46325. The estimated population per square kilometer (.62 miles) in Hammond is 1,282.

Cost Of Living In Hammond, IN

So, about how much do homes cost in Hammond? The most recent median value of resident-owned homes in Hammond is 91,423. An estimated 60.6 percent of households in Hammond own their homes, with an average family size of 3.34. The median household income in Hammond is 46,406, with13.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Hammond, the median commute time of resident workers (in minutes) is 26.3. And last, but certainly not least, are you looking for homes to rent in Hammond? If so, the average rent price paid by renters in Hammond is 879, according to recent statistics.

Diversity And Demographics In Hammond, Indiana

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Hammond, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Hammond is 35.7, split between 48.5 percent male versus 51.5 female. The percentage of residents who report being married in Hammond is 37, with an average family size of 3.34.

The percentage of residents who report their race in Hammond is as follows:

White 49.5%
Black / African American 22.3%
Asian 1.2%
American Indian / Alaskan Native 0.3%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 3.3%
Other 23.2%

Looking for family-friendly neighborhoods in and/or near Hammond? Or maybe you are searching for 55+ active adult communities in and/or near Hammond?

The percentage of residents who report their age in Hammond is as follows:

Under 10 13.1%
Aged 10-19 15.4%
20s 14.4%
30s 12.9%
40s 12.9%
50s 12.8%
60s 10.5%
70s 5.1%
80+ 2.8%

Best Schools In Hammond, Indiana

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Hammond with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Hammond.

Pros And Cons Of Living In Hammond, Indiana

How do you know that living in -- or moving to -- Hammond is right where you need to be? Perhaps you grew up in Hammond or already live nearby; therefore, the decision to buy a home in Hammond is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Hammond for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Hammond:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Hammond.

Reasons To Move To Hammond, Indiana, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Hammond can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Hammond, meanwhile, can field multiple offers from more qualified buyers.

Hammond, IN Multi-family Homes Foreclosures


Listing types in Hammond, IN

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