Hammond, LA
Commercial Real Estate Market Trends & Data

$247 Avg asking sale price
$7,403 Avg asking lease rate
15,521 SF Avg unit lease size
22,097 SF Avg building size for sale
6.32% Average cap rate

Hammond's Demographic Profile

Hammond has 8,119 households and a median income of $42,381, providing context for rent absorption and tenant demand across retail and multifamily assets. A +8% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 21,596
# Households 8,119
Median age 31
Median household income $42,381
Avg household size 2.0
Renter-occupied housing units 4,358
5-year population change +8%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Hammond, LA

↻ Updated Monthly

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Nearby Retail Markets Avg Cost/SF Typical Size
Hammond $299 5,059 SF
Natalbany $288 1,800 SF
Albany $341 2,008 SF
Loranger $60 4,000 SF
Ponchatoula $180 6,945 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Hammond $155 33,000 SF 7.03%
Metairie $164 41,438 SF 9.80%
Baton Rouge $60 79,136 SF 8.16%

Commercial Properties For Sale in Hammond

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

1360 Veterans Ave

Ponchatoula, LA 70454

  • 4.77 AC Lot
  • 1 Commercial Lot
  • $1,200,000
For Sale

Starbucks - Hammond, LA

Hammond, LA 70401

  • 1,976 SF Retail Building
  • 5.84% Cap Rate
  • $1,300,000
For Sale

14274 University Ave

Hammond, LA 70401

  • 2,599 SF Retail Building
  • 6.25% Cap Rate
  • $2,175,792
For Sale

Medical Offices @ The Waters

Hammond, LA 70403

  • 1.80 AC Lot
  • 1 Commercial Lot
  • $1,128,120
For Sale

276 E Pine St

Ponchatoula, LA 70454

  • 1,650 SF Office Building
  • $395,000
For Sale

1705 C M Fagan Dr

Hammond, LA 70403

  • 2,400 SF Retail Building
  • $585,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Hammond pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Hammond $240 21,260 SF
Natalbany $205 1,920 SF
Tickfaw $98 2,020 SF

Regional Demographic Comparison

This comparison places Hammond alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Hammond or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Hammond 21,596 8,119 31 $42,381 2 4,358 8%
Natalbany 2,882 1,175 30 $42,423 2 681 5%
Tickfaw 563 220 40 $54,833 3 78 2%
Albany 1,031 388 38 $66,990 3 121 6%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Hammond, LA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Hammond

View All Commercial Real Estate For Sale in Hammond
Is Hammond a good market for a first-time commercial real estate investor?

Hammond offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Hammond?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Hammond. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Hammond?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Hammond. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Hammond compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Hammond. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Hammond acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Hammond, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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