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Hammondville

Learn about the people, housing, costs and businesses in Hammondville, Alabama

Median Home$114,619
Median Rent$664/month
Population349
Leading IndustriesManufacturing · Finance & Insurance · Information & Media1% manufacturing
Home Value Growth⬆⬆⬆+52.7% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners88% of occupied units
NotableAffordable Market$115k median home · lower cost than 87% of the country
Hammondville
AL

Frequently Asked Questions

What are today's mortgage rates in Hammondville?

As of today, the 30-year fixed mortgage rate for Hammondville is approximately 6.950% (6.991% 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 Hammondville?

The median home value in Hammondville is $115k. The median monthly rent is $664. Annual property taxes average $390. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hammondville?

Home values in Hammondville have increased 52.7% 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 Hammondville?

Based on a typical all-in ownership cost of $498/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $21k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hammondville is $46k/year.

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What industries drive the economy in Hammondville?

The largest employment sectors in Hammondville are public administration (23%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.