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Hammond city, IN

ZIP 46320 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 46320

Median Home Value
$115,300
Median Rent
$724
Affordability Snapshot
$32,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$741/mo PITI).

24%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.2x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

13.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 46320 in Hammond city, IN, a household would need roughly $32,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $741. That sits below the local median household income ($35,706), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 14% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
42.8%-35% vs US avg
x
Vacancy Rate
13.6%+32% vs US avg
x
Broadband Access
75.7%-13% vs US avg
x
4+ Bedrooms
1.5%-90% vs US avg
x
Built Pre-1939
12.8%-0% vs US avg
x
Built Post-2014
0.1%-98% vs US avg
x
Rent Burden >30%
26.5%-47% vs US avg
x
Mortgage-Free
57.1%+49% vs US avg
x
$115,300
Home Value
$724
Rent
1943
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached54.2%
  • 1-unit attached4.0%
  • 2-9 units22.0%
  • 10+ units19.2%
  • Mobile home & other0.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$115,300
Median rent$724
Owner-occupied42.8%
Vacant13.6%
Price-to-income3.2x
Est. income to buy$32,000