70401, Hammond, LA

Hammond, Louisiana is located in the southwestern corner of the state and has a population of just over 10,000. The city is home to Louisiana State University and is known for its agriculture and forestry industries. Home prices in Hammond have seen a steady increase over the past few years, with prices reaching an all-time high of $269,900 in August 2017.

The average home value in Hammond is $183,700, which makes it one of the more affordable cities in Louisiana. However, this doesn’t mean that home buyers are not getting into homes quickly – according to Zillow data from January 2018, Hammond had the fastest average closing time for homes sold in the state at just 97 days. This indicates that there is strong demand for homes in Hammond and that sellers are able to get their properties sold quickly.

One reason that home prices have been increasing so rapidly in Hammond is due to its low unemployment rate – currently at 2%. Additionally, many people are moving to Hammond because of its close proximity to LSU – which makes it an attractive city to live in. Additionally, many people are also moving into Hammond because it has good schools and a low crime rate.