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Hamlet

Learn about the people, housing, costs and businesses in Hamlet, Indiana

Median Home$148,072
Median Rent$915/month
Population889
Leading IndustriesRetail · Information & Media · Transportation28% retail
Home Value Growth-1.6% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners86% of occupied units
Hamlet
IN

Frequently Asked Questions

What are today's mortgage rates in Hamlet?

As of today, the 30-year fixed mortgage rate for Hamlet is approximately 7.040% (7.084% 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 Hamlet?

The median home value in Hamlet is $148k. The median monthly rent is $915. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hamlet?

Home values in Hamlet have decreased 1.6% over the past two years. Buyers may find more negotiating room in this market. 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 Hamlet?

Based on a typical all-in ownership cost of $994/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hamlet is $74k/year.

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What industries drive the economy in Hamlet?

The largest employment sectors in Hamlet are retail (28%) and public administration (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.