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 $349,216 in February, 4.2% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of March 28, the 30-year fixed mortgage rate sits at 6.79%.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: $134,508
- 1-year price change: -7.9%
- 5-year price change: +7.1%
#7. Amite, LA
- Typical home value: $150,905
- 1-year price change: -9.1%
- 5-year price change: +10.2%
#6. Independence, LA
- Typical home value: $160,859
- 1-year price change: -6.1%
- 5-year price change: +13.1%
#5. Tickfaw, LA
- Typical home value: $169,299
- 1-year price change: -2.4%
- 5-year price change: +19.1%
#4. Hammond, LA
- Typical home value: $203,008
- 1-year price change: -4.0%
- 5-year price change: +17.0%
#3. Robert, LA
- Typical home value: $214,619
- 1-year price change: +2.0%
- 5-year price change: +34.5%
#2. Ponchatoula, LA
- Typical home value: $230,457
- 1-year price change: -3.3%
- 5-year price change: +23.1%
#1. Loranger, LA
- Typical home value: $235,674
- 1-year price change: -6.1%
- 5-year price change: +15.4%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.