Hammond, LA home prices
Typical home $221,759 · +1.0% in a year · income needed $59,200
The Hammond, LA metro area ranks 562 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +1.0% in a year and -1.9% over five years. With 20% down at 7.11%, the typical home costs about $1,381 a month including 0.41% property tax (Tangipahoa Parish rate).
Mortgage on the typical Hammond home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $44,352 | $177,407 | $1,193 | $0 | $187 | $1,381 | $59,200 |
| 10% down | $22,176 | $199,583 | $1,343 | $83 | $187 | $1,613 | $69,100 |
| 5% down | $11,088 | $210,671 | $1,417 | $88 | $187 | $1,692 | $72,500 |
| 3.5% down (FHA) | $7,762 | $217,742 | $1,465 | $98 | $187 | $1,750 | $75,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.41% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Hammond area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Tangipahoa Parish, LA | $221,760 | +1.0% | 0.41% |
What can you afford in Louisiana on your salary? · Louisiana home prices · Salaries in Louisiana
Frequently asked questions
How much is a house in Hammond?
The typical home in the Hammond, LA metro area is worth $221,759 (Zillow, September 2026).
What salary do you need to buy a house in Hammond?
About $59,200 a year for the typical home with 20% down at 7.11%.