Much like its nearby areas, it is significantly less expensive compared to the United States as a whole. It's significantly less expensive compared to the city of Champaign.
Home prices
The median home value in Hammond is $80,700. It is about $1,220 (1%) lower compared to nearby areas.In comparison to the nation as a whole it is approximately $136,800 (62%) lower, and compared to the city of Champaign is roughly $81,100 (50%) lower.
Rents
In Hammond the median rent is $625 a month. Compared to other places in this area this is approximately $8 (1%) higher.It is approximately $437 (41%) lower compared to the rest of the nation, and it is roughly $327 (34%) lower in comparison to the city of Champaign.
Nearby places
Atwood
Atwood is about 5 miles east from Hammond. Its real estate prices are a bit more expensive. The median home in Atwood is valued at $85,800, which is $5,100 (5%) higher than Hammond. Its rents are somewhat less expensive. Atwood's median monthly rent is $587, which works out to $38 (6%) lower than Hammond.
Lovington
Lovington is roughly 6 miles south of Hammond. The real estate prices there are somewhat less expensive. The price of the median home in Lovington is $73,300, which comes out to $7,400 (10%) lower than Hammond. Rent there is a little less expensive. In Lovington the median monthly rent is $534, which works out to $91 (17%) lower than Hammond.
Garrett
Garrett is roughly 7 miles east from Hammond. Housing prices there are a lot less expensive. The median home in Garrett is valued at $47,500, which is $33,200 (69%) lower than Hammond. Rent there is a bit less expensive. Garrett's median rent is $488 per month, which works out to $137 (28%) lower than Hammond.
Arthur
Arthur is about 8 miles southeast of Hammond. Housing prices there are somewhat more expensive. The median home in Arthur costs $111,600, which is $30,900 (27%) higher than Hammond. The rent there is a little more expensive. The median rent in Arthur is $801 a month, which works out to $176 (21%) higher than Hammond.
Bement
Bement is approximately 8 miles north from Hammond. Housing prices there are somewhat more expensive. The median home in Bement is valued at $91,400, which comes out to $10,700 (11%) higher than Hammond. Rent there is a little more expensive. Bement's median rent is $677 per month, which works out to $52 (7%) higher than Hammond.
