All homes and bedroom counts
RENTAL MARKET INTELLIGENCE
Hammond, LA
Hammond merits further underwriting for yield-focused buyers comfortable with weak employment and hurricane wind exposure.
Median price$226k
Median rent$1,402
Gross yield7.4%
Job growth▼ 1.8%
Composite Market ScoreRank #549 of 571 scored US market areas
Direct rental answer
How much is rent in Hammond, LA?
Zillow's metro-wide Observed Rent Index is $1,402 per month for 2026-06-30. That is up 4.17% from a year earlier.
Occupied rental units paying rent
Two-bedroom standard
These figures are not averaged together. Zillow and Realtor describe asking-rent markets, ACS measures rent paid by surveyed households, and HUD publishes administrative bedroom standards.
Exact county schedules
HUD rent benchmarks inside Hammond
Every row keeps its own county FIPS schedule. No county is selected as a metro proxy and no synthetic metro FMR is calculated.
| County | Studio | 1 BR | 2 BR | 3 BR | 4 BR |
|---|---|---|---|---|---|
| Tangipahoa Parish, LAFIPS 22105 | $831 | $848 | $1,099 | $1,372 | $1,455 |
The read
Why this market scores where it does
Hammond merits further underwriting for yield-focused buyers comfortable with weak employment and hurricane wind exposure. Buyers who require strong labor momentum or low hazard risk should avoid it.
The opportunity is an income profile stronger than recent price movement: median asking rent is $1,402 and rose 4.17% year over year, while the $226,241 median home value rose 0.52%. Reported gross yield is 7.44%, although rent equals 29.64% of median household income, leaving limited room to push rents without property-level evidence.
The risk side is broad: CES employment fell 1.8%, inventory stands at 3.6 months of supply, 29.49% of listings have price drops, and the hurricane wind loss ratio is 0.4265%. Positive net migration is a counterweight, but job, supply, insurance, and resilience checks should determine whether the headline yield is durable.
Frequently Asked Investor Questions
What acquisition and rent benchmarks does the record provide?
Median home value is $226,241, median asking rent is $1,402, two-bedroom fair market rent is $1,099, and reported gross yield is 7.44%.
Is household migration positive, and what are mover incomes?
The record shows 3,217 households moved in and 2,870 moved out, for net migration of 347; average income was $46,288 for arrivals and $46,521 for departures, a gap of -$233.
How much investor participation is reported?
The record reports 1,427 total purchases and a 6.73% investor share, defined as purchase mortgages to non-occupants.
Investor Quick Takeaways
Gross Yield: 7.4%
Computed from the current Zillow rent and home-value medians.
Rent Momentum: ▲ 4.17%
Zillow ZORI rent growth trend over trailing 12 months.
Investor Activity: 6.7%
Originated investment purchase share (CFPB HMDA).
Climate Exposure: FEMA NRI
Annualized loss ratio evaluated for flood & hurricane risk.
Put the evidence to work
Test the market, then test the deal
Keep Hammond as the starting point or move into a more specific property and rent check.
Run cash flowStarts with this market's measured price and rentSave to shortlistCompare this metro with up to four other placesCheck rent by ZIPMove from metro context to a local rent benchmarkFind a comparison marketRead a curated two-market decision analysisShare this analysisEmail the canonical link without adding page scriptsReport a data issueSend the figure, source and release period to review
Market pulse
The current market in eight signals
Fast-moving Redfin conditions sit beside the slower fundamentals so a buyer can separate today's negotiating climate from the long-run investment case.
Months of supply3.6 mo.unchanged from a year ago
Median days on market63 days▲ from 60 days a year ago
Listings with price drops29.5%▲ from 28.4% a year ago
Sale-to-list ratio97.5%2026-05-01
Home value growth▲ 0.5%Zillow ZHVI · trailing 12 months
Rent growth▲ 4.17%Zillow ZORI · trailing 12 months
Gross rental yield7.4%Rent × 12 ÷ price
Payroll job growth▼ 1.8%CES · 12m to 2026-06
Release-to-release evidence
What actually changed
This comparison exists because at least one underlying source period advanced. Rebuilding the same data never creates a new observation.
Published score held steady24→24
0 ptsThe published component scores did not move in this release.
Weights were unchanged at metro-2026-07-v2-omb2023, so the movement comes from refreshed evidence and percentile ranks.
The named source periods advanced, but the measured values on this page held steady.
Composite breakdown
What each component measures
Weights are published, not hidden, and the arithmetic is shown. Five components, each measured as a national percentile across all tracked metros.
Published arithmeticComponent × weight = points
24| Signal | Score | Weight | Points |
|---|---|---|---|
| Job growth | 4 | 30% | 1.20 |
| Rent trend | 63 | 25% | 15.75 |
| Affordability | 21 | 15% | 3.15 |
| Supply pressure | 19 | 15% | 2.85 |
| Climate risk | 4 | 15% | 0.60 |
| Published score | 24 | ||
Hammond, LA scoreRank #549
24Job growth4/100
CES employment fell 1.8% year over year -> labor-market support for rental demand is weak.
Rent trend63/100
Median asking rent rose 4.17% and reported gross yield is 7.44% -> current rent performance supports further income underwriting.
Affordability21/100
Rent equals 29.64% of median income and price equals 3.99 times income -> tenant payment capacity and acquisition pricing need property-level testing.
Supply pressure19/100
Permits total 1,224, or 8.95 per thousand residents, while inventory is 3.6 months -> buyers should test possible new housing competition and exit liquidity.
Climate risk4/100
Hurricane wind is the dominant hazard and the expected annual loss ratio is 0.4265% -> insurance terms and building resilience are core underwriting items.
The numbers
What this market costs and what it earns
Every derived ratio below recomputes from the same source record used by the article and score.
ZHVI Median Price
$226k
YoY ▲ 0.5%
ZORI Median Rent
$1,402
YoY ▲ 4.17%
Gross Rental Yield
7.4%
Rent × 12 ÷ price
$1,402 × 12 ÷ $226,241
Job Growth (YoY)
▼ 1.8%
CES payrolls
Job signal 4/100
Median Household Income
$57k
Census ACS 5-year
Rent Burden
29.6%
Annual rent ÷ household income
Price-to-Income
4.0x
Median value ÷ household income
HUD 2BR Fair Market Rent
$1,099
Market rent 127.6% of FMR
Historical affordability context
Compare aligned 2019 and 2024 asking-rent and nominal household-income endpoints across the direct-overlap metro set.
Independent rent evidence
One market, several legitimate rent benchmarks
These releases observe different homes and different moments. RentMarker keeps them separate: ZORI remains the scoring baseline, while the other sources test how sensitive the market story is to bedroom mix and measurement method.
Monthly benchmark4 of 4 reported values
Zero-based scale$1,402Primary RentMarker baseline
2026-06-30
All homes and bedroom counts
A smoothed metro rent index for observed rentals; it is the primary rent used by RentMarker scores and career ratios.
View source release ↗$848−$554 vs ZORI
FY2026 FMR
One-bedroom standard
An administrative gross-rent benchmark used by HUD programs; it is neither a listing median nor a prediction of one lease.
View source release ↗$1,099−$303 vs ZORI
FY2026 FMR
Two-bedroom standard
An administrative gross-rent benchmark used by HUD programs; it is neither a listing median nor a prediction of one lease.
View source release ↗$1,003−$399 vs ZORI
ACS 2024 5-year
Occupied rental units paying rent
A five-year survey estimate of contract rent plus applicable tenant-paid utilities; it is not a current asking-rent index.
View source release ↗Take the next step
Keep Hammond as context, then replace market-wide evidence with the candidate property's facts.
Regional price level
What feels expensive inside Hammond
BEA compares each category with the United States, which equals 100. This is a 2024 price-level comparison—not annual inflation.
BEA Regional Price Parities · 2024US = 100
Occupation wage lens
How asking rent sits against major local occupations
Annualized Zillow asking rent is divided by each BLS annual median wage. This is a screening ratio for one wage, not a household budget or affordability verdict.
Six largest published major groupsannual rent ÷ median wage
Food Preparation and Serving Related Occupations$22,730 median wage
74.0%
Transportation and Material Moving Occupations$37,450 median wage
44.9%
Office and Administrative Support Occupations$38,320 median wage
43.9%
Sales and Related Occupations$30,430 median wage
55.3%
Healthcare Practitioners and Technical Occupations$76,200 median wage
22.1%
Educational Instruction and Library Occupations$47,780 median wage
35.2%
Supply pipeline
What is being built, and for whom
Permits are the 12-to-24 month early warning. The total matters less than the mix: apartments compete with a rental the day they open.
National supply context
Compare this authorization pipeline with asking-rent growth, jobs and for-sale liquidity across the evidence-complete metro set.
Building permits by structure type
units per year · latest year annualised
1,216 units authorised in 2026, 40% of them in 5+ unit buildings. A meaningful share is apartments, which discount first when they lease up. ✓ recomputed from series
Who is arriving, and who is buying
Demand, and the competition for it
Tax filings say how many households moved and what they earn; mortgage disclosures say how many local purchases went to someone who will not live there. Moves between counties inside this metro are netted out of both flow figures.
Net Household Move
+347
3,217 in vs 2,870 out (IRS SOI)
▲ 10.8% of arriving households
Mover Income Gap
−$233
Arriving $46,288 vs leaving $46,521
Average AGI per tax return (IRS SOI)
Investor Purchase Share
6.7%
96 of 1,427 originated purchase loans
CFPB HMDA 2024
Dominant Hazard
hurricane
0.426% building value annual loss ratio
FEMA NRI · risk type: wind
Compare yield and FEMA exposure →Households arrive mainly from: St. Tammany Parish · Livingston Parish · Jefferson Parish · East Baton Rouge Parish · St. Helena Parish
✓ 3,217 in − 2,870 out = 347 netDirect market links
Where tax-return households moved from and to
These are the largest flows where both counties map to a RentMarker market area. They are a documented subset of the all-US IRS totals above.
Leading inbound markets
- Baton Rouge, LA813 arriving
- New Orleans, LA586 arriving
- Houston, TX55 arriving
Leading outbound markets
- Baton Rouge, LA856 leaving
- New Orleans, LA290 leaving
- Houston, TX85 leaving
The other side
What would make this a bad buy
Generated from the same figures with the instruction to argue against the score, and published unedited. A page that only agrees with itself is an advertisement.
Three ways the case breaks
- CES employment contracted 1.8% year over year, leaving weak labor-market support for rental demand.
- The sales market shows 63 median days on market and price reductions on 29.49% of listings, an exit-price and timing warning.
- The dominant hazard is hurricane wind, with an expected annual climate loss ratio of 0.4265%; property-level insurance terms are not published.
Inside this metro area
Move from the market-area average to local evidence
Use the available county and city pages to add local price, rent, housing, migration and hazard context to the market-area view.
County records
Statistical peers
Market areas that behave like Hammond
Nearest neighbours on price level, income, yield and job growth — not on geography. Every market page gets a different peer set, which is the point.
| Market area | Score | Price | Rent | Yield | Job Growth |
|---|---|---|---|---|---|
| Hammond, LA (Target) | 24 | $226k | $1,402 | 7.4% | ▼ 1.8% |
| Springfield, OH | 48 | $206k | $1,213 | 7.1% | ▼ 1.7% |
| Parkersburg, WV | 40 | $173k | $1,003 | 7.0% | ▼ 1.5% |
| Muskogee, OK | 57 | $161k | $991 | 7.4% | ▼ 1.4% |
| Hinesville, GA | 22 | $260k | $1,749 | 8.1% | ▼ 1.4% |
Provenance
Where every figure came from
“Checked nightly” means every source is re-pulled and re-verified each night. It does not mean every source moves nightly — the release column tells you how fresh each number can possibly be.
| Dataset Source | Method | Release Period | Pulled Date |
|---|---|---|---|
| Census ACS 5-year — household income and gross rent | direct | ACS 2024 5-year | 2026-08-05 |
| Census ACS 5-year — historical household income | direct | ACS 2019 and 2024 5-year | 2026-08-05 |
| Census ACS 5-year — population | direct | ACS 2024 5-year | 2026-07-26 |
| Apartment List Rent Estimates — recent-lease rent index | direct | Apartment List 2026-07 | 2026-08-08 |
| Apartment List Time on Market — listing liquidity | direct | Apartment List 2026-07 | 2026-08-08 |
| Apartment List Vacancy Index — rental vacancy | direct | Apartment List 2026-07 | 2026-08-08 |
| BEA County Personal Income — income and population | direct | 2024 County Personal Income (released 2026-02-05); history 1969-2024 | 2026-08-03 |
| BEA Regional Price Parities — metropolitan price levels | direct | 2024 Regional Price Parities (released 2026-02-19); history 2008-2024 | 2026-08-03 |
| BLS CES — payroll employment | direct | CES SM current | 2026-07-26 |
| BLS LAUS — resident employment | direct | LAUS current | 2026-07-26 |
| BLS OEWS — occupation employment and wages | direct | May 2025 OEWS estimates (released 2026-05-15) | 2026-08-03 |
| BLS QCEW — county employment and wages | direct | annual county employment and wages 2021-2025; latest 2025 vs 2024 | 2026-08-02 |
| OMB/BLS delineation — metro geography | direct | OMB July 2023 delineation | 2026-07-30 |
| Census Building Permits Survey — permitted units | direct | BPS through 2026 | 2026-07-26 |
| Census ACS 5-year — city population, households and housing | direct | ACS 2024 5-year | 2026-07-29 |
| Census ACS 5-year — county housing value, tenure and stock | direct | ACS 2024 5-year | 2026-07-30 |
| Census ACS 5-year — cities and communities | direct | ACS 2024 5-year | 2026-07-30 |
| Census ACS five-year — ZCTA housing and income | direct | ACS 2024 5-year ZCTA | 2026-08-08 |
| FEMA National Risk Index — hazard loss ratios | modelled | NRI counties (FEMA ArcGIS) | 2026-07-26 |
| FHFA House Price Index — annual county appreciation | direct | annual county HPI history 1975-2025; latest 2025 | 2026-08-02 |
| HMDA / CFPB — purchases by occupancy type | direct | HMDA 2024 purchase originations | 2026-07-26 |
| HUD CHAS — renter burden by HAMFI income band | direct | HUD CHAS 2018-2022 ACS 5-year (released 2025-12-23) | 2026-08-03 |
| HUD Fair Market Rents — Section 8 standard | direct | FY2026 FMR | 2026-07-26 |
| HUD USPS crosswalk and Small Area FMRs — ZIP rent fallback | direct | ZIP-CBSA 2025Q4 + SAFMR FY2026 | 2026-07-26 |
| HUD-USPS ZIP-to-county residential-address crosswalk | direct | HUD-USPS 2026Q1 | 2026-08-09 |
| IRS SOI — county migration and mover income | direct | SOI migration 2022-2023 | 2026-07-26 |
| Freddie Mac PMMS — mortgage rates | direct | week of 2026-07-30 | 2026-08-06 |
| Census ACS 5-year — effective property tax | direct | ACS 2024 5-year | 2026-08-06 |
| Realtor.com Economic Research — county listing inventory | direct | county inventory 2026-06 | 2026-07-28 |
| Realtor.com Rental Report — top-50 asking rents | direct | top-50 rental asking rents 2026-05 | 2026-08-05 |
| Redfin Data Center — inventory, days on market, and price cuts | direct | metro tracker through 2026-05-01 | 2026-07-26 |
| Redfin Data Center — ZIP resale activity and supply | direct | ZIP rolling 3 months through 2026-06-30; updated 2026-07-03 | 2026-08-12 |
| USDA ERS — Rural-Urban Continuum Codes | direct | USDA ERS 2023 Rural-Urban Continuum Codes | 2026-08-02 |
| Zillow ZHVI and ZORI — county values and rents | direct | county ZHVI/ZORI 2026-06 | 2026-07-26 |
| Zillow ZHVI — metro home values | direct | Metro_zhvi_uc_sfrcondo_tier_0.33_0.67_sm_sa_month.csv | 2026-07-26 |
| Zillow ZHVI — city home values | direct | zillow_zhvi_city.csv | 2026-07-29 |
| Zillow ZORI — metro market rents | direct | Metro_zori_uc_sfrcondomfr_sm_sa_month.csv | 2026-07-26 |
| Zillow ZORI — city market rents | direct | zillow_zori_city.csv | 2026-07-29 |
| Zillow ZORI - metro market rents, not seasonally adjusted | direct | Metro_zori_uc_sfrcondomfr_sm_month.csv | 2026-08-15 |
| Zillow ZORI — ZIP market rents | direct | ZORI ZIP 2026-06 | 2026-08-08 |