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Black Hammock

Learn about the people, housing, costs and businesses in Black Hammock, Florida

Median Home$519,822
Median Rent$1,971/month
Population1,232
Leading IndustriesFinance & Insurance · Information & Media · Education10% finance & insurance
Home Value Growth+9.5% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners85% of occupied units
NotableHigh Incomes$121k/year · top 9% nationally
NotableTransit81/100 · excellent transit access
Black Hammock
FL

Frequently Asked Questions

What are today's mortgage rates in Black Hammock?

As of today, the 30-year fixed mortgage rate for Black Hammock is approximately 7.018% (7.058% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Black Hammock?

The median home value in Black Hammock is $520k. The median monthly rent is $1,971. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Black Hammock?

Home values in Black Hammock have increased 9.5% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Black Hammock?

Based on a typical all-in ownership cost of $1,872/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $80k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Black Hammock is $121k/year.

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What industries drive the economy in Black Hammock?

The largest employment sectors in Black Hammock are public administration (20%) and information and media (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.