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Hammond, IL Real Estate


According to census data in the year 2000 there were 243 housing units in Hammond. This represents a 5.2% growth from 231 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 243 were located in what is classified as a rural area.

Homeownership rate in Hammond is about 78.9%. Hammond's vacancy rate, including seasonal lodging, is about 8.2%. Average household size is 2.33 people.

The majority of houses, apartments or condos in Hammond were built after 1962.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom11.10%
Two Bedrooms27.20%
Three Bedrooms48.10%
Four Bedrooms10.70%
Five Bedrooms or more2.90%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.55
Median year structure was built1960
Median Value of occupied units$66,300
Median Price asked for vacant units$45,000

Rented Homes, Apartments and Condos

Average Household Size1.51
Median year structure was built1977
Median Monthly Rent asked for vacant units$99

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage1.20%
Home Equity Loan4.10%
Simple Mortgage57.60%
Debt Free37.10%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs13%