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The Hammocks

Learn about the people, housing, costs and businesses in The Hammocks, Florida

Median Home$463,718
Median Rent$2,253/month
Population58,793
Leading IndustriesFinance & Insurance · Transportation · Education8% finance & insurance
Home Value Growth⬆⬆+20.6% over 2 years
Young Adults27% of residentsnear the national average
Homeowners63% of occupied units
NotableHighly Educated24% hold a bachelor's degree · top 21% nationally
NotableHigh Incomes$89k/year · top 26% nationally
The Hammocks
FL

Frequently Asked Questions

What are today's mortgage rates in The Hammocks?

As of today, the 30-year fixed mortgage rate for The Hammocks is approximately 6.846% (6.880% 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 The Hammocks?

The median home value in The Hammocks is $464k. The median monthly rent is $2,253. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in The Hammocks?

Home values in The Hammocks have increased 20.6% 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 The Hammocks?

Based on a typical all-in ownership cost of $2,005/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $86k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in The Hammocks is $89k/year.

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What industries drive the economy in The Hammocks?

The largest employment sectors in The Hammocks are public administration (26%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.