1 / 8
#8. Kentwood, LA
- Typical home value: $179,402
- 1-year price change: -1.4%
- 5-year price change: -22.9%
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 $369,678 in August, 1.3% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of September 17, the 30-year fixed mortgage rate sits at 6.95%.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.
2 / 8
#7. Amite, LA
- Typical home value: $181,604
- 1-year price change: -1.9%
- 5-year price change: -22.8%
3 / 8
#6. Independence, LA
- Typical home value: $198,222
- 1-year price change: +3.6%
- 5-year price change: -5.1%
4 / 8
#5. Tickfaw, LA
- Typical home value: $202,587
- 1-year price change: +2.3%
- 5-year price change: -3.4%
5 / 8
#4. Hammond, LA
- Typical home value: $225,248
- 1-year price change: +0.4%
- 5-year price change: +0.3%
6 / 8
#3. Robert, LA
- Typical home value: $232,068
- 1-year price change: +2.7%
- 5-year price change: +20.4%
7 / 8
#2. Ponchatoula, LA
- Typical home value: $250,850
- 1-year price change: +1.9%
- 5-year price change: +8.1%
8 / 8
#1. Loranger, LA
- Typical home value: $257,382
- 1-year price change: +1.6%
- 5-year price change: -0.0%
