Schrum, Hammond, IN
Schrum — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Schrum, Hammond, Indiana. Explore the cited sources and local facts below while agent underwriting continues.
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Schrum Neighborhood Overview
Schrum is a residential neighborhood located in the southern part of Hammond, Indiana. It offers a quiet, community-focused atmosphere within the larger city. The area provides residents with a classic Midwestern suburban feel.
Lifestyle & Amenities
Residents enjoy a lifestyle centered around local parks and neighborhood connections. While specific major retail centers are not within the immediate boundaries, the community's location provides convenient access to broader Hammond and regional amenities. Daily needs are met through nearby shopping and dining options.
Real Estate Market
The Schrum real estate market is characterized by affordability, with a U.S. Census median home value of $97,500. This positions the neighborhood as an accessible entry point for first-time homebuyers and investors. The housing stock primarily consists of single-family homes typical of its mid-century development.
Schools & Education
Schools serving the Schrum neighborhood are part of the School City of Hammond district. Families have access to the district's range of public educational institutions. For specific school assignments and performance data, prospective residents should consult the district directly.
Transportation & Connectivity
Schrum benefits from excellent highway access via the nearby Interstate 80/94, facilitating commutes to Chicago and throughout Northwest Indiana. Public transportation options are available through the regional bus service. The neighborhood's street grid provides straightforward connectivity within Hammond.
Why Choose Schrum
Homebuyers choose Schrum for its affordability and quiet, established residential character. The neighborhood offers a strong sense of community with the practical advantage of major highway proximity. It represents a value-conscious choice within the Hammond area.
Schrum Market Data
| Metric | Value |
|---|---|
| Median Home Price | $98K |
| Median Gross Rent | $832/mo |
| Median Household Income | $35K |
| Homeownership Rate | 42.7% |
| Renter-Occupied | 57.3% |
| Rental Vacancy Rate | 3.1% |
| Market Type | Seller's |
| Market Tier | Affordable |
| Primary ZIP Code | 46320 |
| 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 Schrum, Hammond
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Schrum, 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