Market Overview
Home Prices in Hammond, LA
The median home value in Hammond, LA is $225,540 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.3% compared to a year ago and down 0.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hammond are priced45% below average. Hammond is part of the Hammond, LA metro area.
Over the past five years, Hammond home values have risen by approximately2.7%, reflecting modest growth in this market.
Price History
Hammond Home Price Trend
2020
$201,307
$201K
—
2021
$219,558
$220K
+9.1%
2022
$244,110
$244K
+11.2%
2023
$232,673
$233K
-4.7%
2024
$224,984
$225K
-3.3%
2025
$224,820
$225K
-0.1%
2026
$225,540
$226K
+0.3%
City Comparison
Hammond vs. National Median
🏠 Hammond
$225,540
National Median
$410,000
At $225,540, homes in Hammond cost 45% below the national median of $410,000. This makes Hammond a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hammond?
20% Down Payment
$45,108
on $225,540
Monthly P&I
$1,176/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,494/mo
incl. taxes & insurance
Income Needed
$59,760
gross annual (30% rule)
10% Down Option
$22,554
+ PMI applies
Loan Amount (20% dn)
$180,432
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Hammond, LA?
The median home value in Hammond is $225,540 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.3% year-over-year.
How much have home prices changed in Hammond?
Over the past year, home values in Hammond have increased by 0.3%. Over five years, prices have risen approximately 2.7%.
How much do I need to earn to buy a home in Hammond?
To comfortably afford the median home price of $225,540 with a 20% down payment ($45,108) at today's rates (6.8%), you'd need a gross annual income of approximately $59,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Hammond compare to the national average home price?
The national median home value is approximately $410,000. At $225,540, homes in Hammond are 45% below the national average.
What metro area is Hammond part of?
Hammond is part of the Hammond, LA metropolitan area. Home prices and market conditions can vary across the broader metro region.