Rent to own Homes in Hammond, LA
Hammond is centrally located between Baton Rouge and New Orleans. Both major metropolises are only one hour from downtown Hammond. The small town of approximately 20,000 is one of the fastest growing communities in Louisiana. It has become a major area for processing and shipping regional strawberries to locations around the world. Every February during Mardi Gras, Hammond is hopping with an overflow of tourists seeking lodging and restaurants that are located within a short distance of the Big Easy.
Hammond, LA is a great place for affordable rent-to-own homes! With a median household income of over $31,250 and a median rent of $803, the Hammond, LA 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, LA. 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.
More Hammond, LA Property Resources
Rent to own Homes in Cities Near Hammond, LA
- Albany
- Amite
- Baker
- Baton Rouge
- Bayou Goula
- Brownfields
- Brusly
- Carville
- Central
- Convent
- Denham Springs
- Donaldsonville
- French Settlement
- Gardere
- Geismar
- Gonzales
- Grand Point
- Greenwell Springs
- Hammond
- Holden
- Inniswold
- Killian
- Lemannville
- Livingston
- Lutcher
- Maurepas
- Merrydale
- Monticello
- Montpelier
- Oak Hills Place
- Old Jefferson
- Pine Grove
- Port Allen
- Port Vincent
- Prairieville
- Pride
- Romeville
- Shenandoah
- Sorrento
- Springfield
- St. Gabriel
- St. James
- Sunshine
- Union
- Village St. George
- Walker
- Watson
- Westminster
- White Castle
- Zachary
Neighborhoods in Hammond, LA
No neighborhoods foundPopular Zip Codes in Hammond, LA
70404 rent to own homes 70402 rent to own homes 70403 rent to own homesMedian Home Price in Hammond, LA
Median Rent in Hammond, LA
Top 4 Reasons to Live in Hammond, LA
Outdoor activities abound! Anyone who seeks to experience the true bayou and get to know the animal life of Louisiana won't be disappointed in Hammond, which is home to Kliebert's Alligator and Turtle Farm. Nearby Brunett Farms also hosts a number of activities throughout the year. In the fall, it is home to the Maize Quest, the biggest corn maze in Louisiana.
Ample rental and home buying opportunities! The ratio between home owners and renters is evenly split in the town of Hammond. Many people opt to make home purchases through rent to own agreements. Within the city, approximately 21 percent of the residents live in apartments. The neighborhoods of Coburn and Pumpkin Center are highly sought after by both home buyers and renters.
Year round festivals! There are several festivals each year in Hammond. The city is home to the annual Louisiana Renaissance Festival, which usually runs throughout the month of November and into December. In downtown Hammond, things heat up with the Hammond Smokin BBQ Challenge. People come from around the nation to compete for cash and prizes in the huge outdoor cook off festival.
Housing appreciation rates and buyer's confidence! In the last decade, the home appreciation rates in Hammond have risen 41.75 percent, making it an ideal place to purchase a home and see the value climb. Each year, the appreciation rate has been around 3.5 percent. Its rapid and steady value increase has placed the town in the top 20 percent of places in the United States that have been experiencing a consistent, fast climb in value. The neighborhoods that have undergone the greatest rise in value are Coburn, East Hoover Street, Apple Street, South Range Road, Natalbany, and the city's center. The real estate in those areas are highly sought after by buyers.