Real Estate Investing in Hammond, Louisiana (70401)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 70401 (Hammond, LA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 18.1% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.6% CAGR).
- Elevated poverty: 20.6% poverty rate — can affect rent collection.
What’s happening in Hammond, LA (70401)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 70401 Hammond
Turning to rents, ZIP 70401 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $216K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 70401 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within LA, ZIP 70401 trails on several market indicators that neighboring Tangipahoa Parish submarkets outperform. The gap is real and durable enough to shape underwriting.
Resident income in 70401 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. healthy returns are possible in 70401, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Hammond:
Property Strategy for 70401
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $131,241 | $1,100 | 6.0% | +4.5% | $65,621 |
| 3BR | $224,731 | $1,380 | 4.4% | +5.6% | $74,910 |
| 4BR | $283,646 | $1,830 | 4.6% | +3.8% | $70,911 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 70401 Compare?
| Metric | 70401 | Hammond | Hammond, LA | Louisiana |
|---|---|---|---|---|
| Home Value | $216,058 | $89,318 | N/A | $207,909 |
| 5-Year CAGR | 0.6% | 0.9% | N/A | 0.7% |
| Avg Rent | $1,236 | $1,283 | N/A | - |
| Cap Rate | 4.5% | 4.5% | - | - |
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 70401 (Hammond, LA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $216,058 |
| Monthly Rent | $1,236 |
| Price-to-Rent | 14.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.9% |
| Cap Rate | 4.5% |
| 5-Year IRR | 5.0% |
📈 Home Appreciation
| 1-Year | +2.7% ▲ |
| 3-Year CAGR | +0.0% ▲ |
| 5-Year CAGR | +0.6% ▲ |
| 10-Year CAGR | +1.7% ▲ |
🏠 Rent Trends
| 1-Year | +29.4% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.5%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 70401
Population: 21,901
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 70401
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Southeastern LA University Lab School
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 2,273 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical home price in Hammond, LA?
Homes in Hammond, LA typically sell near $216K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
How landlord-friendly is Hammond, LA?
The landlord environment in Hammond, LA is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What do landlords charge for rent in Hammond, LA?
Expect rents around $1,236/mo per month in Hammond, LA. With home values at $216K, the yield math works out to reasonable levels for rental investors.
Does house hacking make sense in Hammond, LA?
House hacking works a challenging in Hammond, LA. Rents of $1,236/mo against $216K acquisition make the strategy solid for owner-occupants.
What is the tenant pool like in Hammond, LA?
The tenant pool in Hammond, LA is solid, supported by local employment and population fundamentals. Rents of $1,236/mo are well-absorbed by the market.
You know 70401 now. You don’t know where it ranks.
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How 70401 ranks in Hammond, LA
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