Updated 2026 · Based on median market data for Hammond, LA
The median monthly rent in Hammond, LA is $1,310, translating to $15,720 in annual gross rental income per unit. The rent-to-price ratio is 0.60% — well below the 1% rule, making pure cash flow investing challenging at median prices.
Renters in Hammond spend approximately 34% of the local median household income ($45,760) on rent. This exceeds the standard 30% affordability threshold, suggesting rent growth may face resistance — but it also means a large portion of the population finds buying even more out of reach, supporting rental demand.
The vacancy rate in Hammond is 6.7%. This is a healthy vacancy rate that indicates balanced supply and demand. You should be able to find quality tenants without extended vacancies, though expect normal turnover periods of 2-4 weeks between tenants. Population growth of 0.3% annually provides stable demand.
Hammond's GRM (price divided by annual rent) is 14.0x. A GRM between 12-16x is moderate and typical of balanced markets. Deals can work but you need to keep expenses controlled. For comparison, the national average GRM for investment-grade rentals is approximately 13-15x.
At the median rent of $1,310/mo, a single-family rental in Hammond generates approximately $15,720 in gross annual income. After accounting for 6.7% vacancy ($1,053 lost), property taxes of $1,188, insurance (~$880), and maintenance (~$880), the estimated NOI is $11,719 per year, or $977/mo.
Hammond vs Louisiana state average and national average across key investment metrics. Hammond beats the national average but trails the Louisiana average on cap rate.