Real Estate Investing in Hammond, Louisiana (70403)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 70403 (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.
- Elevated vacancy: 11.3% vacancy may signal weakening demand.
- Flat appreciation: Values have barely moved over 5 years (1.3% CAGR).
What’s happening in Hammond, LA (70403)?
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Market Analysis: 70403 Hammond
ZIP 70403 in Hammond, LA carries a impressive set of headwinds. Home values near $231K and rents of $1,331/mo sit inside a market where underwriting has to be tight.
Rent of $1,331/mo on a $231K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 70403 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 70403 among LA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 70403 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 70403 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Hammond:
Property Strategy for 70403
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $148,949 | $1,120 | 5.4% | +6.0% | $74,474 |
| 3BR | $225,819 | $1,400 | 4.5% | +5.1% | $75,273 |
| 4BR | $309,597 | $1,830 | 4.3% | +4.9% | $77,399 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 70403 Compare?
| Metric | 70403 | Hammond | Hammond, LA | Louisiana |
|---|---|---|---|---|
| Home Value | $230,531 | $89,318 | N/A | $207,909 |
| 5-Year CAGR | 1.3% | 0.9% | N/A | 0.7% |
| Avg Rent | $1,331 | $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 70403 (Hammond, LA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $230,531 |
| Monthly Rent | $1,331 |
| Price-to-Rent | 14.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.9% |
| Cap Rate | 4.5% |
| 5-Year IRR | 5.8% |
📈 Home Appreciation
| 1-Year | +3.5% ▲ |
| 3-Year CAGR | 0.0% ▼ |
| 5-Year CAGR | +1.3% ▲ |
| 10-Year CAGR | +2.2% ▲ |
🏠 Rent Trends
| 1-Year | +0.3% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 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 70403
Population: 30,835
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 70403
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 price range are homes in Hammond, LA?
The median home value in Hammond, LA is roughly $231K. That puts it reasonable relative to the LA statewide average.
Are tenants stable in Hammond, LA?
Hammond, LA draws a reliable base of working renters. Demand at the $1,331/mo rent level is reasonable for standard single-family and small multi rentals.
What monthly rent should investors expect in Hammond, LA?
Average rent in Hammond, LA is approximately $1,331/mo per month. Against $231K home values that yields a reasonable rent-to-price ratio.
Is Hammond, LA a friendly market for rental owners?
For rental operators, Hammond, LA rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Is Hammond, LA a smart market for rental property?
With a 3.0/5 investability score, Hammond, LA ranks as a solid market for rental property investors. Median prices of $231K and rents of $1,331/mo drive the underlying numbers.
You know 70403 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 70403 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 70403 ranks in Hammond, LA
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