Rent to own Homes in Hammond, IN

Located in Lake County, Hammond, Indiana, is part of the Chicago Metropolitan area and has a population of over 80,000 people. As the story goes, a butcher by the name of George Henry Hammond was a pioneer in the use of refrigerated rail cars for the transport of fresh meat from city to city. A great location with fresh water led to the industrialization of the area with George H. Hammond Co.'s meat packing plant. By 1875, Mr. Hammond was selling nearly 2 million dollars worth of meat from his packing plant, and by 1884, the city was incorporated and named after the butcher/ entrepreneur, Mr. Hammond.

Hammond, IN is a great place for affordable rent-to-own homes! With a median household income of over $46,974 and a median rent of $883, the Hammond, IN rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Hammond, IN. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Hammond, IN rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
1 of 38 8724 S ESSEX AVE
Rent To Own
South Chicago
Single Family Home
Chicago, IL 60617
5
3
1987 ft2
1924
3017 E 78th St APT 2B
Rent To Own
South Shore
Single Family Home
Chicago, IL 60649
1
1
800 ft2
1924
Hot
9519 S FOREST AVE
Rent To Own
Roseland
Single Family Home
Chicago, IL 60628
3
2
1100 ft2
1960
1 of 75 5555 S Everett Ave
Rent To Own
 
Single Family Home
Chicago, IL 60637
4
3
2400 ft2
1924
7115 S SAINT LAWRENCE AVE
Rent To Own
Park Manor
Townhouse/Condo
Chicago, IL 60619
6
4
2773 ft2
1890
7620 S CALUMET AVE
Rent To Own
Chatham
Single Family Home
Chicago, IL 60619
4
4
1386 ft2
1921
5465 MARYLAND ST
Rent To Own
 
Single Family Home
Merrillville, IN 46410
3
2
1512 ft2
1957
541 W 67TH LN
Rent To Own
 
Single Family Home
Merrillville, IN 46410
4
2
1834 ft2
1961
14701 W 93rd Ave
Rent To Own
 
Single Family Home
Dyer, IN 46311
3
3
1822 ft2
956 W 115TH PL
Rent To Own
Morgan Park
Townhouse/Condo
Chicago, IL 60643
3
2
731 ft2
1966
5739 S CALUMET AVE #3N
Rent To Own
Washington Park
Townhouse/Condo
Chicago, IL 60637
3
2
1400 ft2
1901
5856 S PRAIRIE AVE #3
Rent To Own
Washington Park
Townhouse/Condo
Chicago, IL 60637
3
2
1250 ft2
2004
1550 S INDIANA AVE #412
Rent To Own
South Loop
Townhouse/Condo
Chicago, IL 60605
2
2
1100 ft2
1905
222 N COLUMBUS DR #3203
Rent To Own
The Loop
Townhouse/Condo
Chicago, IL 60601
2
2
1225 ft2
2001
505 N LAKE SHORE DR #6601
Rent To Own
Near North Side
Townhouse/Condo
Chicago, IL 60611
3
4
2975 ft2
1970
240 E ILLINOIS ST #1708
Rent To Own
Near North Side
Townhouse/Condo
Chicago, IL 60611
2
2
1293 ft2
2005
1355 N SANDBURG TER #407D
Rent To Own
Near North Side
Townhouse/Condo
Chicago, IL 60610
1
1
0 ft2
1964
2906 W WILCOX ST
Rent To Own
East Garfield Park
Townhouse/Condo
Chicago, IL 60612
9
3
2832 ft2
1905
26 BITTERSWEET LN
Rent To Own
 
Single Family Home
Portage, IN 46368
4
3
1966 ft2
1948
2745 N HAMPDEN CT #2E
Rent To Own
Lincoln Park
Townhouse/Condo
Chicago, IL 60614
3
1
1100 ft2
1916
4636 N Racine Ave APT 2, Chicago, IL 60640
Rent To Own
Uptown
Single Family Home
Chicago, IL 60640
2
1
1200 ft2
1906
838 S SCOVILLE AVE #1
Rent To Own
 
Townhouse/Condo
Oak Park, IL 60304
1
1
800 ft2
1923
1748 W Rascher Ave
Rent To Own
Edgewater
Townhouse/Condo
Chicago, IL 60640
2
1
0 ft2
1913
6334 N SHERIDAN RD #3C
Rent To Own
Edgewater
Townhouse/Condo
Chicago, IL 60660
1
1
800 ft2
1928
1 of 5 1517 W Jonquil Ter
Rent To Own
 
Multifamily (2 - 4 Units)
Chicago, IL 60626
2
1
1100 ft2
2000
7403 N HOYNE AVE #1
Rent To Own
Rogers Park
Townhouse/Condo
Chicago, IL 60645
2
2
800 ft2
1930
7350 N RIDGE BLVD #22C
Rent To Own
West Rogers Park
Townhouse/Condo
Chicago, IL 60645
3
2
0 ft2
1930
6704 W FOREST PRESERVE DR
Rent To Own
Harwood Heights
Single Family Home
Harwood Heights, IL 60706
3
3
1326 ft2
1998
5537 N CANFIELD AVE
Rent To Own
Norwood Park
Single Family Home
Chicago, IL 60656
2
2
1284 ft2
1946
5913 MONROE ST
Rent To Own
Morton Grove
Single Family Home
Morton Grove, IL 60053
3
2
1830 ft2
1960
12A Kingery Quarter Rd #104
Rent To Own
 
Single Family Home
Willowbrook, IL 60527
1
1
800 ft2
1981
1 of 14 8809 West Golf Road
Rent To Own
 
Multifamily (2 - 4 Units)
Niles, IL 60714
2
2
1600 ft2
1976
7343 Country Creek Way UNIT 4
Rent To Own
 
Single Family Home
Downers Grove, IL 60516
2
2
972 ft2
1975
812 N RIVER RD #2A
Rent To Own
 
Townhouse/Condo
Mount Prospect, IL 60056
2
1
1000 ft2
1983
Hot
1639 CLEVELAND AVE
Rent To Own
 
Single Family Home
Whiting, IN 46394
4
2
1444 ft2
1900
Hot
1 of 17 1548 ATCHISON AVE
Rent To Own
 
Single Family Home
Whiting, IN 46394
3
2
1686 ft2
1920
Hot
1 of 12 6534 OHIO AVE
Rent To Own
 
Single Family Home
Hammond, IN 46323
3
1
925 ft2
1959
3 WEBB ST
Rent To Own
 
Single Family Home
Calumet City, IL 60409
3
2
2232 ft2
1918
4 WEBB ST
Rent To Own
 
Single Family Home
Calumet City, IL 60409
4
2
1404 ft2
1928
Hot
1 of 6 53 157TH ST
Rent To Own
 
Single Family Home
Calumet City, IL 60409
5
2
2266 ft2
1953
1 of 38 8308 CASTLE DR
Rent To Own
 
Single Family Home
Munster, IN 46321
3
4
3571 ft2
1991
1 of 51 1314 Ridge Road
Rent To Own
 
Multifamily (2 - 4 Units)
Munster, IN 46321
4
3
2760 ft2
2020
Hot
14108 S SAGINAW AVE
Rent To Own
 
Single Family Home
Chicago, IL 60633
3
2
1056 ft2
1965
Hot
8409 S BURLEY AVE
Rent To Own
South Chicago
Townhouse/Condo
Chicago, IL 60617
4
2
2496 ft2
1952
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Buying a Home in Hammond, IN

Hammond, IN is seeing rapid growth and Hammond, IN's' housing market remains optimal with an average home price that is -55% below the 2024 national average. Hammond, IN is part of Lake county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Lake is 1.37% which is above the national average, which is 0.99%.

Median Home Price in Hammond, IN

Median Rent in Hammond, IN

Rent to own homes offer low monthly payments and flexible terms.

Top Reasons to Live in Hammond IN

Housing Statistics The median home price within the city of Hammond is $97,800. The median rent is $736 per month. The rental vacancy rate is quite high, hovering at 13.4%, leaving many structures unoccupied and ready for quick rental or rent to own opportunities for prospective buyers.

Local Sports While you are in Hammond, visit the Hammond Sports Hall of Fame. The Hammond Sports Hall of Fame just inducted another eight members into its hallowed halls in March of 2013, honoring those who played football, baseball, basketball, wrestling and track and field. There are no professional teams in Hammond; you have to travel into Chicago for that. But the city does cheer hard for its high school squads.

Shopping in Hammond The South Shore has a plethora of local shops, events, sports and attractions to keep locals and tourists alike, busy all year round! Starting with Cabela's 185,000 square foot showroom filled with aquariums, outdoor gear and educational areas, it's easy to see that this city loves getting outside to enjoy nature! However, if you'd rather spend your time browsing and shopping, try stopping in at Prickly Pear Furnishings for a look at handcrafted, custom made artistic pieces of furniture to add to your space. If you would rather stick to clothing and accessories, another local favorite is a shop called It's Just Serendipity, which features hand made items, vintage clothing, accessories and gifts for even those with finicky tastes.

Hammond Neighborhoods Here are two Hammond neighborhoods you should know about: