Real Estate Investing in Hammond, Indiana (46327)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46327 (Hammond, IN)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 13.7% of homes vacant — above national norms.
- Elevated poverty: 28.3% poverty rate — can affect rent collection.
What’s happening in Hammond, IN (46327)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 46327 Hammond
The 46327 ZIP in Hammond, IN is a local-operator market. Outside capital chasing a $159K entry has to pair deep knowledge with the discount.
The 46327 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Statewide comparisons place 46327 among IN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
On the rental side, 10,797 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The right play in 46327 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Hammond:
Property Strategy for 46327
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $139,921 | $1,290 | 6.6% | +10.9% | $69,960 |
| 3BR | $164,697 | $1,580 | 6.9% | +10.4% | $54,899 |
| 4BR | $185,519 | $1,710 | 6.6% | +10.0% | $46,380 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 46327 Compare?
| Metric | 46327 | Hammond | Indiana |
|---|---|---|---|
| Home Value | $158,552 | $169,899 | $248,442 |
| 5-Year CAGR | 6.7% | 6.1% | 7.7% |
| Avg Rent | $1,363 | $1,472 | - |
| Cap Rate | 6.7% | 6.8% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 46327 (Hammond, IN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 46327 (Hammond, IN)?
~25 seconds · no account needed · your report is anonymous
Property managers serving Lake County
Manage rentals here? List your business →Rose Real Estate offers property management and real estate services in Munster, Northwest Indiana, and Chicagoland areas, including residential, association, and commercial management. summary from their website
Caribou Property Management offers property management services. summary from their website
Great Oaks Realty and Property Management, LLC is a full-service real estate and property management company that helps with home buying, selling, and property management. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $158,552 |
| Monthly Rent | $1,363 |
| Price-to-Rent | 9.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.3% |
| Cap Rate | 6.7% |
| 5-Year IRR | 13.4% |
📈 Home Appreciation
| 1-Year | +1.7% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +11.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.7%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 46327
Population: 10,797
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 46327
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Wentworth Jr High School
Schrum Memorial School
Hoover Elem School
Joseph Block Middle School
Benjamin Harrison Elementary Sch
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,174 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is real estate in Hammond, IN a good investment right now?
Hammond, IN scores 3.0/5 for investability. Home values sit at $159K and rents near $1,363/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How much rent can I charge in Hammond, IN?
Rents in Hammond, IN run near $1,363/mo. Compared with median home prices of $159K that produces solid gross yields for typical rentals.
Is housing expensive in Hammond, IN?
Hammond, IN median home values land near $159K. That is reasonable territory for investors looking at $1,363/mo-per-month rentals.
Is vacancy a concern in Hammond, IN?
Rental vacancy in Hammond, IN is elevated. Investors should budget normal turnover but not chronic empty units.
What is the tenant pool like in Hammond, IN?
The tenant pool in Hammond, IN is solid, supported by local employment and population fundamentals. Rents of $1,363/mo are well-absorbed by the market.
You know 46327 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 46327 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 46327 ranks in Chicago-Naperville-Elgin, IL-IN-WI
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 46327 (Hammond)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 46327 (Hammond, IN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.