ZIP Code 46324 — Hammond, IN Home Prices (2026)

The typical home in ZIP 46324 (Hammond, Indiana) is worth about $186,000 at roughly $163 per square foot — 8% more expensive than the Hammond median and 37% more affordable than the typical U.S. home.

$186,000

Typical home value

$163

Price per sq ft

#2 of 4

Hammond ZIPs by value

+8%

vs Hammond median

How 46324 compares

ZIP 46324 is one of the pricier ZIP codes in Hammond: its typical home value of $186,000 ranks #2 of the 4 Hammond ZIP codes we track (the citywide range runs from $144,000 in 46320 to $192,000 in 46323). Per square foot it costs about $163, against $144 for Hammond as a whole, $155 for Indiana, and $195 nationally.

Area	Typical value	$ / sq ft
ZIP 46324	$186,000	$163
Hammond, IN	$172,500	$144
Indiana	$237,000	$155
United States	$294,000	$195

Home value by size in 46324

Using this ZIP’s rate of about $163 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.

Home size	Estimated value
1,000 sq ft	$163,000
1,500 sq ft	$244,500
2,000 sq ft	$326,000
2,500 sq ft	$407,500
3,000 sq ft	$489,000

Salary needed to buy a home in ZIP 46324

To buy the typical $186,000 home in ZIP 46324 with 20% down, you need a household income of roughly $51,000 a year (about $1,180 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $60,000, because the loan is bigger and mortgage insurance kicks in.

Down payment	Cash down	Monthly payment	Income needed
5% (+PMI)	$9,300	$1,470/mo	$63,000/yr
10% (+PMI)	$18,600	$1,400/mo	$60,000/yr
20%	$37,200	$1,180/mo	$51,000/yr

Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.

What your budget buys in ZIP 46324

At about $163 per square foot, here is roughly how much home different budgets get you in ZIP 46324:

Budget	Approx. size	What that looks like locally
$150k	920 sq ft	around the typical home here
$200k	1230 sq ft	around the typical home here
$250k	1530 sq ft	above the median — larger homes or the pricier ZIPs
$300k	1840 sq ft	above the median — larger homes or the pricier ZIPs
$400k	2450 sq ft	above the median — larger homes or the pricier ZIPs

Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 46324 home.

Estimate a specific home in 46324

The estimator below is pre-set to ZIP 46324 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.

All Hammond ZIP codes by home value

Where 46324 sits among Hammond’s 4 ZIP codes:

#	ZIP code	Typical value	$ / sq ft
1	46323	$192,000	$142
2	46324 (this page)	$186,000	$163
3	46327	$159,000	$138
4	46320	$144,000	$146

ZIP 46324 home prices: frequently asked

What is the average home price in ZIP code 46324? +

The typical home in ZIP 46324 (Hammond, IN) is worth about $186,000 as of 2026. That is 8% more expensive than the Hammond median of $172,500 and 37% more affordable than the U.S. median of $294,000.

What is the price per square foot in 46324? +

About $163 per square foot in 46324, versus $144 across Hammond and $155 across Indiana. At that rate a 1,500 sq ft home runs roughly $244,500 and a 2,500 sq ft home about $407,500.

What salary do you need to buy a house in ZIP 46324? +

For the typical $186,000 home in ZIP 46324, a household income of about $51,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $60,000; with 5% down about $63,000.

Is 46324 an expensive ZIP code? +

Within Hammond, 46324 ranks #2 of 4 ZIP codes by typical home value, which makes it one of the pricier ZIP codes in Hammond. Nationally it is relatively affordable.

See the full Hammond home values page, all Indiana cities, or price per square foot by ZIP code nationwide.

Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.