Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Herman area can be challenging. Home prices in Herman are now at a median cost of $133,000, lower than the Michigan average of $196,062.
The average cost of rent is $819/mo in Herman, primarily driven by the current value of real estate in the Herman area. While nearly 69.11% of residents own their homes outright in Herman, 8.80% rent.
Housing affordability isn’t just about home prices, though. The average household income in Herman is $3,729 per month. Households that rent pay about 21.96% of their income on rent here. Herman's most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- L'Anse, MI: less expensive homes
- Zeba, MI: less expensive homes
- Baraga, MI: less expensive homes
- Three Lakes, MI: higher priced homes
- Pequaming, MI: equally priced homes
- Covington, MI: higher priced homes
- Aura, MI: equally priced homes
- Watton, MI: higher priced homes
- Keweenaw Bay, MI: equally priced homes
- Michigamme, MI: equally priced homes
Cities with Similar Populations
- Zylks, LA: less expensive homes
- Absaraka, ND: higher priced homes
- Willowton, WV: less expensive homes
- Wilson, CT: higher priced homes
- Womack, LA: higher priced homes
- Balltown, IA: higher priced homes
- Yagerville, NY: less expensive homes
- Upper Leatherwood, WV: less expensive homes
- Ashly, LA: equally priced homes
- Arnold, IL: higher priced homes
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