Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$221,759+1.0% YoY · prices are rising
Market right nowBuyer's marketMore homes for sale than last year, 22% have cut their price
Income needed to buy, per year$48,073About 0.8× the local median income ($57,775): affordable for a typical household
Days on market77 daysAbout the same pace as a year ago
Next 12 months−1.0%Zillow expects prices to dip slightly
The typical home in Hammond, LA is worth $221,759, up 1.0% from a year ago. That is well below what local incomes have historically supported: fair value is about $267,820, so the area is 17.2% undervalued. It is a buyer's market: homes take about 77 days to sell, listings are up 14% from a year ago, 22% of listings have had a price cut. Zillow expects prices to fall about 1.0% over the next year. A household needs about $48,073 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $57,775. Typical rent is $1,315 a month, or $1,660 for a house. In the latest IRS figures, 623 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$221,759
Change in 1 year
+1.0%
Overvalued %
−17.2%
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Fair home value
$267,820
Change in 5 years
−1.9%
Zillow forecast, next 12 months
−1.0%
Home value to income
3.8×
Monthly mortgage payment (20% down)
$1,202
Income needed to afford it
$48,073
Property tax rate
0.41%
Rent and investing
Typical rent
$1,315
Typical rent for houses
$1,660
Price-to-rent ratio
14.0×
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HUD Fair Market Rent, 2 bedrooms
$1,097
Gross rental yield
7.12%
Cap rate (estimate)
4.63%
Market activity
Listings vs a year ago
+13.7%
Days on market
77
Listings with a price cut
22.5%
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Homes for sale
507
Pending sales per 100 listings
22
Asking price per sq ft
$149
People and jobs
Median household income
$57,775
Population change (1 year)
+1.0%
Unemployment rate
6.0%
Show 4 more
Population
141,346
Income adjusted for cost of living
$68,373
Net moves in (IRS)
+623
Cost of living (US = 100)
84.5
Schools, risk and environment
School rating (1 to 10)
5.1
FEMA hazard risk score (0 to 100)
93.3
Unhealthy air days a year
0
Show 4 more
Flood risk score
91.2
Wildfire risk score
78.3
Walkability (1 to 20)
5.9
Road, rail and air noise
53 dB
Questions people ask
Is Hammond, LA overvalued?
Home prices in Hammond, LA are well below what local incomes have historically supported: fair value is about $267,820, so the area is 17.2% undervalued.
Is Hammond, LA a buyer's or seller's market?
Hammond, LA is a buyer's market: homes take about 77 days to sell, listings are up 14% from a year ago, 22% of listings have had a price cut.
Are home prices going down in Hammond, LA?
Home values in Hammond, LA are up 1.0% over the last year. Zillow's forecast for the next 12 months is −1.0%.
How much do you need to earn to buy a home in Hammond, LA?
A household needs about $48,073 a year to afford the typical home in Hammond, LA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $57,775.