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 $364,891 in September, 0.0% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of October 16, the 30-year fixed mortgage rate sits at 6.27%.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: $159,279
- 1-year price change: -2.5%
- 5-year price change: -15.0%
#7. Amite, LA
- Typical home value: $166,020
- 1-year price change: -3.8%
- 5-year price change: -14.8%
#6. Independence, LA
- Typical home value: $180,458
- 1-year price change: -0.6%
- 5-year price change: +1.2%
#5. Tickfaw, LA
- Typical home value: $191,212
- 1-year price change: -1.4%
- 5-year price change: +2.8%
#4. Hammond, LA
- Typical home value: $220,099
- 1-year price change: +0.6%
- 5-year price change: +9.4%
#3. Robert, LA
- Typical home value: $227,272
- 1-year price change: +1.7%
- 5-year price change: +28.1%
#2. Ponchatoula, LA
- Typical home value: $245,143
- 1-year price change: +0.4%
- 5-year price change: +17.3%
#1. Loranger, LA
- Typical home value: $248,098
- 1-year price change: +0.7%
- 5-year price change: +10.4%