Home Values

Hammond Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

None

  • None 1-year change
  • None 1-year forecast

The median list price per square foot in Hammond is $61, which is lower than the Chicago Metro average of $133. The median price of homes currently listed in Hammond is $74,900 while the median price of homes that sold is $80,177. The median rent price in Hammond is $795, which is lower than the Chicago Metro median of $1,631.

Foreclosures will be a factor impacting home values in the next several years. In Hammond 0.4 homes are foreclosed (per 10,000). This is lower than the national value of 4.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Hammond is 7.0%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Hammond homeowners underwater on their mortgage is 33.2%, which is higher than Chicago Metro at 27.1%.

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Relative ZHVI
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Hammond Market Overview

Data through Oct 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $74,900 Median listing price
  • No recent data Median sale price
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Hammond Market Health

Data through Oct 31, 2014
  • No recent data
  • No data Average days on Zillow
  • 33.2% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 7.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Cities

Name Median ZHVI
Lynwood $137,200
South Holland $127,000
Glenwood $107,300
Name Median ZHVI
Lansing $99,400
Ford Heights $96,000
Thornton $88,600
Name Median ZHVI
Dolton $85,500
Burnham $82,000
Calumet City $73,700

Listings & Sales

Data through Oct 31, 2014
  • $61 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 44.4% Listings with price cut
14.3%
Sold below listing
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Hammond Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $889 Hammond
    $1,642 Chicago Metro
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $795 Rent list price
  • $0.82 Rent list price / sq ft
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