Altgeld Gardens, Hammond, IN
Altgeld Gardens — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Altgeld Gardens, Hammond, Indiana. Explore the cited sources and local facts below while agent underwriting continues.
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Altgeld Gardens Neighborhood Overview
Altgeld Gardens is a residential neighborhood located in Hammond, Indiana, within the 46327 ZIP code. It offers a quiet, community-focused environment for its residents. The area is characterized by its affordability and proximity to major urban centers.
Lifestyle & Amenities
The neighborhood provides a suburban lifestyle with access to local parks and community spaces. Residents benefit from its location near essential retail and services in the broader Hammond area. The community atmosphere is a central feature of daily life here.
Real Estate Market
The real estate market in Altgeld Gardens is notably affordable, with a median home value of $107,400. The median monthly rent is $1,063, and a solid majority of residents are homeowners, with a homeownership rate of 61%. This makes the area an accessible option for first-time buyers and renters alike.
Schools & Education
Families in Altgeld Gardens are served by the School City of Hammond district. The neighborhood provides access to local public schools, though specific ratings and program details should be verified directly with the district. Educational opportunities are available for all age groups within the community.
Transportation & Connectivity
Altgeld Gardens is well-connected by major roadways, providing straightforward access to downtown Chicago and other parts of Northwest Indiana. Public transportation options serve the area, facilitating commutes and regional travel. Its location offers a balance of residential calm and urban accessibility.
Why Choose Altgeld Gardens
Altgeld Gardens is an ideal choice for those seeking an affordable, stable community with a median household income of $48,155. Its high homeownership rate fosters a strong sense of neighborhood investment and pride. The combination of low housing costs and convenient connectivity presents a compelling value in the region.
Altgeld Gardens Market Data
| Metric | Value |
|---|---|
| Median Home Price | $107K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $48K |
| Homeownership Rate | 60.8% |
| Renter-Occupied | 39.2% |
| Rental Vacancy Rate | 12.5% |
| Market Type | Buyer's |
| Market Tier | Affordable |
| Primary ZIP Code | 46327 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 200,703 |
| VA Loan Originations | 9,853 |
| VA Loan Share | 0.1% |
| Average VA Loan Amount | $255K |
| Conventional Loan Originations | 166,323 |
| FHA Loan Originations | 24,527 |
Top Real Estate Agents in Altgeld Gardens, Hammond
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Altgeld Gardens, Hammond, IN. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Indiana Real Estate Commission (IREC) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-14