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Hammond village, IL

ZIP 61929 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 61929

Median Home Value
$110,100
Median Rent
$383
Affordability Snapshot
$30,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$707/mo PITI).

8%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

1.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

24.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 61929 in Hammond village, IL, a household would need roughly $30,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $707. That sits below the local median household income ($59,792), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 13% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
83.6%+28% vs US avg
x
Vacancy Rate
13.0%+26% vs US avg
x
Broadband Access
75.7%-13% vs US avg
x
4+ Bedrooms
0.5%-96% vs US avg
x
Built Pre-1939
12.2%-5% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
9.3%-81% vs US avg
x
Mortgage-Free
49.5%+29% vs US avg
x
$110,100
Home Value
$383
Rent
1956
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached85.7%
  • 1-unit attached1.6%
  • 2-9 units9.8%
  • 10+ units2.9%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$110,100
Median rent$383
Owner-occupied83.6%
Vacant13.0%
Price-to-income1.8x
Est. income to buy$30,000