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Hammond city, IN

ZIP 46324 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 46324

Median Home Value
$141,600
Median Rent
$966
Affordability Snapshot
$39,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$910/mo PITI).

19%
Rent-to-Income Ratio

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

2.3x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

12.2 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 46324 in Hammond city, IN, a household would need roughly $39,000 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 $910. That sits below the local median household income ($61,118), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
68.1%+4% vs US avg
x
Vacancy Rate
8.3%-19% vs US avg
x
Broadband Access
89.3%+3% vs US avg
x
4+ Bedrooms
1.8%-88% vs US avg
x
Built Pre-1939
17.2%+35% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
16.5%-67% vs US avg
x
Mortgage-Free
34.8%-9% vs US avg
x
$141,600
Home Value
$966
Rent
1952
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

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

  • 1-unit detached83.6%
  • 1-unit attached5.8%
  • 2-9 units6.8%
  • 10+ units3.6%
  • Mobile home & other0.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$141,600
Median rent$966
Owner-occupied68.1%
Vacant8.3%
Price-to-income2.3x
Est. income to buy$39,000