Coburn | Hammond Homes

The Coburn?neighborhood of Hammond, Louisiana?median real estate price?is just under $152,000 and has remained so acting in inflation for the past decade. As we move into 2021 home values for this neighborhood are just under 43 percent more expensive than all neighborhoods in the state and nearly 29 percent nationwide.

The?average rental price?in Coburn is currently running between $925 and $1100 a month, and rents here?are currently lower in price than nearly 49 percent of Louisiana neighborhoods, but most of the residential real estate is?owner-occupied.

Coburn is a rural neighborhood located in east of Hammond, Louisiana, north of Ponchatoula and west of Robert. Real estate is primarily made up of medium-sized three and four-bedroom to small studios or two-bedroom?single-family homes.?The recent census placed the population of Coburn well within their maximum limits set by the?USDA,?and according to the census, many, if not all of this area could be eligible for government-insured?zero down payment?home loans. A product designed to assist modest to middle-class income-earning homebuyers in rural and semi-suburban areas for?obtaining homeownership.?

Many of the residences in the Coburn neighborhood are established, but not old, having been built between?1970 and 1999, with a number of residences built between?2000 to present day.

Vacancy rates are under six percent?in Coburn, and this rate is lower than nearly 69 percent of the neighborhoods in the country, or well below the?mid-range for vacancies, which is likely to create demand for either price increases or new construction of residential homes in this neighborhood.

Your?future neighbors?in the Coburn neighborhood in Hammond earn?middle-class?incomes, and this neighborhood has a higher income than over?43 percent?of the neighborhoods across America.

Coburn is what we like to consider a Cajun-rooted neighborhood and has more people of France and FrenchCanadian than nearly any neighborhood in the country; with over 13 percent of residents of such ancestry. There's another colorful group of neighbors who also stick close to their roots in Coburn and they are neighbors of Sicilian ancestry, with nearly 16 percent commonly speaking Italian at home.

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