Cities with the most expensive homes in the Hammond metro area
Cities with the most expensive homes in the Hammond metro area
Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers.
The typical home value in the United States was $344,159 in January, 3.6% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of Feb. 22, the 30-year fixed mortgage rate sits at 6.9%.Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.
Stacker compiled a list of cities with the most expensive homes in the Hammond metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 8 cities and towns with data available were included in the list.
#8. Kentwood, LA
- Typical home value: $131,402
- 1-year price change: -7.2%
- 5-year price change: +7.9%
#7. Amite, LA
- Typical home value: $150,584
- 1-year price change: -9.1%
- 5-year price change: +12.5%
#6. Independence, LA
- Typical home value: $157,755
- 1-year price change: -5.9%
- 5-year price change: +14.9%
#5. Tickfaw, LA
- Typical home value: $168,668
- 1-year price change: -2.5%
- 5-year price change: +20.6%
#4. Hammond, LA
- Typical home value: $200,361
- 1-year price change: -4.4%
- 5-year price change: +18.4%
#3. Robert, LA
- Typical home value: $213,586
- 1-year price change: +1.6%
- 5-year price change: +34.6%
#2. Ponchatoula, LA
- Typical home value: $229,515
- 1-year price change: -3.6%
- 5-year price change: +23.9%
#1. Loranger, LA
- Typical home value: $232,315
- 1-year price change: -6.5%
- 5-year price change: +17.7%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.