Median price for residential apartments in Hammond, IN as of Jan, 2023.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
Filters |
561 Hammond, IN, USA apartments for sale
Map viewFilters
Hammond
According to statistics, the population in Hammond, IN amounts to 77,827, which shows decline -1% compared to the previous year. The median age of the city’s residents is 34. The average household income is $44,427, shifting growth 7% from the past year, and the average property value in Hammond, IN decline 1% to $87,600 throughout the year.
| Population | 77,827 |
| Median Age | 33.9 |
| Poverty Rate | 22% |
| Household Income | $44,427 |
| Number Of Employees | 33,429 |
| Median Property Value | $87,600 |
Household Income
The average household income in Hammond, IN grew from $41,685 to $44,427 in the past year. This data is an estimate based upon 28,425 households in Hammond, IN . The chart below presents how household income is distributed in Hammond, IN in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Hammond, IN shifted from $87,100 to $87,600 throughout the year. The subsequent graph indicates the share of properties in the given price range in Hammond, IN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Hammond, IN properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Hammond, IN compared to median property taxes around the country. The prevalent amount of property taxes in Hammond, IN equals $1150, which is less than the national average.
Housing Trends
How much does an apartment cost in Hammond, IN, USA
Average apartment sale in Hammond: $188,422 (+1.3%)
| Apartment Size | Jan | vs Last Month |
|---|---|---|
| Studio apartments | $210,113 | -4.7% |
| 2-bed apartments | $154,488 | +3.7% |
| 3-bed apartments | $183,629 | +1% |
| 4+ bed apartments | $235,279 | +0.7% |
During Jan 2023, the average price for an apartment in/near Hammond, IN increased by 1.3% to $188,422.
Knowing the current property prices is key if you plan to buy a studio in Hammond, IN. The average price for a studio has decreased since the last month, currently being $210,113. Asking price for 2-bed apartment also increased by 3.7% and a place of this size will now cost you $154,488. A 3-bed apartment goes for $183,629, it increased by 1% lately. We discerned the rise of 4- and more bed apartment price. It increased by 0.7% and made it up to $235,279.
| Listing Type | Jan | vs Last Month |
|---|---|---|
| Land for sale | $168,624 | +5.4% |
| Houses for sale | $180,989 | +1.2% |
| Townhouses for sale | $120,000 | +0% |
| Other for sale | $279,900 | +0% |
| Lofts for sale | $388,307 | +0% |
| Condos for sale | $102,450 | -60.4% |
Price reports demonstrate that house price increased by 1.2% this month making it up to $180,989. Condos faced an upward trend these days. The median price for a condo decreased by 60.4%, it’s now available for $102,450. The price dynamics of lofts changed, it decreased by 0%, the price tag now starts at $388,307. Value of the townhouses didn’t change, the price still starts at $120,000. The average price of the land for sale in Hammond, IN has increased by 5.4%, and now equals $168,624. Other types of properties for sale would cost $279,900 on average. Our data shows that this amount has stayed roughly the same compared to Dec.
Popular Searches
Neighborhoods in Hammond
`