Total monthly cost of ownership
Cost to Own a Home in Hammond, Louisiana
A $219,000 home here costs
$1,795per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,126. The real number is $670 higher every month — 59% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Hammond against Tangipahoa Parish and Louisiana
| Measure | Hammond | Tangipahoa Parish |
|---|---|---|
| Median home value | $219,400 | $204,600 |
| Median property tax | $1,132 | $887 |
| Effective tax rate | 0.516% | 0.434% |
| Median gross rent | $932 | $974 |
| Population | 20,790 | 135,218 |
The weather behind that power bill
Hammond sits in Tangipahoa Parish, which averages a high of 91.8°F in its hottest month and a low of 38.3°F in its coldest, with 64.17" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,467 cooling and 1,797 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Tangipahoa Parish — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Tangipahoa Parish
Full Tangipahoa Parish cost breakdown · Every county in Louisiana
Common questions
How much does it cost to own a home in Hammond?
A $219,000 home in Hammond, Louisiana costs approximately $1,795 per month with 20% down at 6.66%. That is $1,126 principal and interest, $94 property tax, $198 homeowners insurance, $195 utilities and $183 set aside for maintenance.
What is the property tax rate in Hammond?
Hammond has an effective property tax rate of 0.516%, based on a median home value of $219,400 and median real estate taxes of $1,132. That is higher than the Tangipahoa Parish average of 0.434%.
What is the average home price in Hammond?
The median owner-occupied home value in Hammond, Louisiana is $219,400, against $204,600 across Tangipahoa Parish.
Is it cheaper to rent or buy in Hammond?
Median gross rent in Hammond is $932 a month, against $1,795 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Hammond — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Louisiana.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.