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 $127. The median price of homes currently listed in Hammond is $74,900 while the median price of homes that sold is $47,816. The median rent price in Hammond is $900, which is lower than the Chicago Metro median of $1,500.

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 4.0

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 7.3%, which is higher than the national value of 6.4%. 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 37.0%, which is higher than Chicago Metro at 25.3%.

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Relative ZHVI
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Hammond Market Overview

Data through Jan 31, 2015
  • 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 Jan 31, 2015
  • No recent data
  • No data Average days on Zillow
  • 37.0% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 7.3% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Cities

Name Median ZHVI
Lynwood $135,600
South Holland $124,800
Glenwood $107,900
Name Median ZHVI
Lansing $98,700
Ford Heights $97,500
Thornton $88,900
Name Median ZHVI
Dolton $86,400
Burnham $83,200
Calumet City $72,600

Listings & Sales

Data through Jan 31, 2015
  • $61 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
38.5%
Sold below listing
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Hammond Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $908 Hammond
    $1,609 Chicago Metro
    $1,350 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)
  • $900 Rent list price
  • $0.94 Rent list price / sq ft
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