Home prices
The value of the median home in Hammond is $91,700. This is roughly $15,520 (14%) lower in comparison to its nearby areas.It is approximately $125,800 (57%) lower compared to the nation as a whole, and is roughly $166,300 (64%) lower in comparison to the city of Chicago.
Rents
In Hammond the median monthly rent is $879. In comparison to its nearby areas it is approximately $9 (1%) lower.In comparison to the country as a whole it is roughly $183 (17%) lower, and compared to the city of Chicago is approximately $233 (20%) lower.
Nearby places
Calumet City
Calumet City is Hammond's neighbor to the west. The housing prices there are a little more expensive. The median home in Calumet City is valued at $106,000, which works out to $14,300 (13%) higher than Hammond. The rent there is a little more expensive. In Calumet City the median monthly rent is $967, which works out to $88 (9%) higher than Hammond.
East Chicago
East Chicago is Hammond's neighbor to the northeast. The housing prices there are a little less expensive. East Chicago's median home value is $74,500, which comes out to $17,200 (23%) lower than Hammond. Its rents are somewhat less expensive. East Chicago's median rent is $686 a month, which is $193 (28%) lower than Hammond.
Burnham
Burnham is Hammond's neighbor to the northwest. Its real estate prices are pretty similar. The median home price in Burnham is $96,400, which comes out to $4,700 (4%) higher than Hammond. The rent there is somewhat more expensive. Burnham's median rent is $930 per month, which comes out to $51 (5%) higher than Hammond.
Whiting
Whiting is Hammond's neighbor to the north. Housing prices there are a bit more expensive. The median home in Whiting costs $129,300, which comes out to $37,600 (29%) higher than Hammond. Rent there is pretty similar. Whiting's median rent is $855 a month, which is $24 (2%) lower than Hammond.
Lansing
Lansing is Hammond's neighbor to the southwest. Real estate prices there are a little more expensive. Lansing's median home cost is $129,900, which comes out to $38,200 (29%) higher than Hammond. Rents there are a little more expensive. Lansing's median rent is $1,004 per month, which works out to $125 (12%) higher than Hammond.
