Hammond, LA Foreclosures
How much do homes sell for in Hammond, LA?
The average home price is currently $256,853.
In Hammond, LA, how many homes are available?
There are currently 70 active home listings available in Hammond.
What’s the average rental cost in Hammond, LA?
The average rental price in Hammond is $1,273.
What is the most expensive home in Hammond?
The most expensive home sold in Hammond had a price of $49,219,410.
What is currently the cheapest priced home in Hammond, LA?
The cheapest home for sale in Hammond is priced at $10,092.
Living in Hammond, LA
Hammond, LA, offers a charming blend of small-town warmth and urban amenities. Known for its great schools and family-friendly parks, Hammond is home to Southeastern Louisiana University, adding vibrancy to the community. The city boasts a variety of local shops and a rich cultural scene, making it a desirable location for families and young professionals alike.
Current Market Conditions in Hammond, LA
The real estate market in Hammond, LA, has shown steady growth in recent years, with an increasing number of new homes being built to meet the demand of growing families and university staff. The average home prices have appreciated moderately, reflecting the city’s attractiveness for both buyers and investors looking for rental properties targeted at college students and families.
Currently, the market is favorable for sellers, with a low inventory of available properties driving prices up. Buyers are encouraged to act quickly, as homes in desirable neighborhoods are being snapped up shortly after hitting the market. The city's strategic location near major highways also contributes to its appeal, further stimulating demand.
Home Value Estimator For Hammond, LA
There are currently 16,167 real estate properties
in Hammond, LA,
with a median automated valuation model (AVM) price
of $212,051.00. 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, LA, 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, LA,
is $256,853.00, with the most expensive house
in Hammond, LA, topping out
at $49,219,410.00 and the cheapest home
in Hammond, LA,
clocking in at $10,092.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Hammond, LA!
Rent Prices
In Hammond, LA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Hammond, LA, is on
a rollercoaster ride. The
average rent price in Hammond, LA,
is $1,273.00. Indeed, when looking to rent in
Hammond, LA, you can expect to pay as little
as $690.00 or as much
as $2,800.00,
with the average rent median estimated to
be $1,260.00. The good news is that finding
an affordable and desirable property to rent in Hammond, LA
-- 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.
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