Foreclosure Homes in Hammond, IL 61929

Current Market Conditions in Hammond, IL

The Hammond real estate market has shown steady demand, with an increasing number of families seeking homes in the area due to its affordability compared to nearby Chicago neighborhoods. Current trends reveal a growing interest in both single-family homes and multi-unit properties, as investors look to capitalize on the city's revitalization efforts.

As we navigate through the market, it is important to note that home prices in Hammond have appreciated slightly over the past year. The market remains competitive, with homes typically selling in a timely manner, especially in desirable neighborhoods.

Rent Prices In Hammond, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Hammond, IL, is on a rollercoaster ride. The average rent price in Hammond, IL, is $1,139.00. Indeed, when looking to rent in Hammond, IL, you can expect to pay as little as $490.00 or as much as $1,980.00, with the average rent median estimated to be $1,140.00. The good news is that finding an affordable and desirable property to rent in Hammond, IL -- 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.