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Hammett

Learn about the people, housing, costs and businesses in Hammett, Idaho

Median Home$291,500
Median Rent$791/month
Population348
Leading IndustriesInformation & Media · Finance & Insurance · Manufacturing10% information & media
Home Value Growth⬆⬆⬆+51.4% over 2 years
Young Adults36% of residentstop 5% nationally
Homeowners78% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
NotableTransit79/100 · excellent transit access
Hammett
ID

Frequently Asked Questions

What are today's mortgage rates in Hammett?

As of today, the 30-year fixed mortgage rate for Hammett is approximately 7.008% (7.051% 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 Hammett?

The median home value in Hammett is $292k. The median monthly rent is $791. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hammett?

Home values in Hammett have increased 51.4% over the past two years. This indicates a strong appreciation trend. 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 Hammett?

Based on a typical all-in ownership cost of $754/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hammett is $59k/year.

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What industries drive the economy in Hammett?

The largest employment sectors in Hammett are public administration (21%) and information and media (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.