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Hammond city, IN

ZIP 46394 — 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 46394

Median Home Value
$162,900
Median Rent
$784
Affordability Snapshot
$45,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,046/mo PITI).

14%
Rent-to-Income Ratio

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

2.5x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

17.3 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 46394 in Hammond city, IN, a household would need roughly $45,000 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 $1,046. That sits below the local median household income ($66,386), 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
64.2%-2% vs US avg
x
Vacancy Rate
8.9%-14% vs US avg
x
Broadband Access
87.2%+0% vs US avg
x
4+ Bedrooms
2.6%-82% vs US avg
x
Built Pre-1939
17.0%+33% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
21.8%-56% vs US avg
x
Mortgage-Free
38.6%+1% vs US avg
x
$162,900
Home Value
$784
Rent
1938
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached70.4%
  • 1-unit attached0.7%
  • 2-9 units25.3%
  • 10+ units2.5%
  • Mobile home & other1.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$162,900
Median rent$784
Owner-occupied64.2%
Vacant8.9%
Price-to-income2.5x
Est. income to buy$45,000