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DeRidder vs Hammond for Rental Property Investing

Side-by-side comparison of DeRidder, LA and Hammond, LA — cap rates, rent, prices, and investment metrics.

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Hammond wins 3–0 across key metrics
Hammond leads on cash flow (5.33% vs 4.43% cap rate) · DeRidder leads on population growth
Metric
DeRidder, LA
Hammond, LA
Est. Cap Rate
4.43%
5.33%
Median Home Price
$190,000
$220,000
Median Monthly Rent
$980
$1,310
1% Rule
0.52%
0.60%
GRM
16.2x
14.0x
Price / Income
4.2x
4.8x
Property Tax Rate
0.54%
0.54%
Vacancy Rate
6.7%
6.7%
Population Growth
0.3% / yr
0.3% / yr
Annual Appreciation
2.1%
2.1%
Population
50,000
50,000
Median Income
$45,760
$45,760

DeRidder vs Hammond: Which Is Better for Investors?

Cash flow: Hammond has the edge with an estimated cap rate of 5.33% compared to DeRidder's 4.43%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $190,000 in DeRidder vs $220,000 in Hammond, while rents come in at $980/mo and $1,310/mo respectively. For context, the national average cap rate is 3.81% and average price is $333K.

Growth & appreciation: DeRidder is growing faster at 0.3% annually vs Hammond's 0.3%. DeRidder leads on home value appreciation at 2.1% per year.

Costs & risk: Property taxes are 0.54% in DeRidder vs 0.54% in Hammond. Vacancy rates of 6.7% and 6.7% are mixed — Hammond has the tighter rental market.

Entry point: DeRidder offers a lower entry at $190K vs Hammond's $220K — a difference of $30K. With a 20% down payment, that's $38K vs $44K. Hammond's higher price may be justified by better market fundamentals.

Bottom line: Hammond edges out DeRidder on most key metrics. With a 5.33% cap rate, it offers solid cash flow potential. Use our free calculators to model specific deals in DeRidder or Hammond.

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DeRidder, LA
4.43% cap rate · $190,000 median · $980/mo
Full analysis →
Hammond, LA
5.33% cap rate · $220,000 median · $1,310/mo
Full analysis →

Frequently Asked Questions

Is DeRidder or Hammond better for rental investing?
Hammond wins 3–0 across our 7 key metrics. Hammond's 5.33% cap rate and $220K median price give it the edge overall.
What is the cap rate difference between DeRidder and Hammond?
DeRidder has a 4.43% cap rate vs Hammond's 5.33% — a difference of 0.89 percentage points. This is a relatively small difference — other factors like growth, taxes, and local market conditions may matter more. For context, the national average is 3.81%.
Which city has lower property taxes?
Hammond has lower property taxes at 0.54% vs 0.54%. On a $205K property, that's a difference of approximately $162/year in tax expense — money that goes directly to (or from) your cash flow.
Which city is growing faster?
DeRidder is growing at 0.3% annually vs Hammond's 0.3%. Both cities have slow growth — focus on the strongest neighborhoods. DeRidder's appreciation rate of 2.1% also leads on home value growth.

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