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Fort Polk South vs Hammond for Rental Property Investing

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

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Fort Polk South wins 3–0 across key metrics
Fort Polk South leads on cash flow (7.27% vs 5.33% cap rate)
Metric
Fort Polk South, LA
Hammond, LA
Est. Cap Rate
7.27%
5.33%
Median Home Price
$160,000
$220,000
Median Monthly Rent
$1,230
$1,310
1% Rule
0.77%
0.60%
GRM
10.8x
14.0x
Price / Income
3.5x
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

Fort Polk South vs Hammond: Which Is Better for Investors?

Cash flow: Fort Polk South has the edge with an estimated cap rate of 7.27% compared to Hammond's 5.33%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $160,000 in Fort Polk South vs $220,000 in Hammond, while rents come in at $1,230/mo and $1,310/mo respectively. For context, the national average cap rate is 3.81% and average price is $333K.

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

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

Entry point: Fort Polk South offers a lower entry at $160K vs Hammond's $220K — a difference of $60K. With a 20% down payment, that's $32K vs $44K. Fort Polk South combines the lower price with a higher cap rate — a compelling combination.

Bottom line: Fort Polk South edges out Hammond on most key metrics. With a 7.27% cap rate, it offers solid cash flow potential. Use our free calculators to model specific deals in Fort Polk South or Hammond.

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Fort Polk South, LA
7.27% cap rate · $160,000 median · $1,230/mo
Full analysis →
Hammond, LA
5.33% cap rate · $220,000 median · $1,310/mo
Full analysis →

Frequently Asked Questions

Is Fort Polk South or Hammond better for rental investing?
Fort Polk South wins 3–0 across our 7 key metrics (cap rate, 1% rule, GRM, taxes, vacancy, growth, appreciation). Fort Polk South's 7.27% cap rate and $160K median price offer both higher returns and a lower entry point.
What is the cap rate difference between Fort Polk South and Hammond?
Fort Polk South has a 7.27% cap rate vs Hammond's 5.33% — a difference of 1.94 percentage points. This is a significant gap that meaningfully impacts cash flow. 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 $190K property, that's a difference of approximately $324/year in tax expense — money that goes directly to (or from) your cash flow.
Which city is growing faster?
Fort Polk South is growing at 0.3% annually vs Hammond's 0.3%. Both cities have slow growth — focus on the strongest neighborhoods. Fort Polk South's appreciation rate of 2.1% also leads on home value growth.

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