The median home in Hammond, Indiana is valued at $166,813, up 0.8% year over year. Typical monthly rent is $1,454, producing a price-to-rent ratio of 9.6x — below the national average of 18x. Hammond is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Chicago-Naperville-Elgin, IL-IN-WI stress score, crash risk, and 12-month forecast →

Home Value$166,813

+0.8%

Rent$1,454/mo

AFFORDABILITY

Enter your income for Hammond.

Income (annual)

Down Payment

$33,363 on $166,813

Affordable — 17.5% of income

Under the 28% guideline.

PITI$1,095

P/I17.5%

Afford$267K

Room+$100K

P&I $843Tax $118Ins $133

Buying $359/mo cheaper ($1,454 rent)6.50% 30yr, 20% down, county tax + IN ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Indiana

Compare Hammond with other housing markets across Indiana.

Dune Acres$889K Clear Lake$747K Long Beach$720K Zionsville$661K Carmel$548K Michiana Shores$540K Ogden Dunes$467K Westfield$460K

Full Chicago-Naperville-Elgin, IL-IN-WI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Chicago-Naperville-Elgin, IL-IN-WI metro.

View Chicago-Naperville-Elgin, IL-IN-WI metro →

HAMMOND, IN