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 $155,846, lower than the Minnesota average of $269,934.
The average cost of rent is $570/mo in Herman, primarily driven by the current value of real estate in the Herman area. While nearly 54.89% of residents own their homes outright in Herman, 15.28% rent.
Housing affordability isn’t just about home prices, though. The average household income in Herman is $6,198 per month. Households that rent pay about 9.19% of their income on rent here. Herman's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Norcross, MN: equally priced homes
- Donnelly, MN: equally priced homes
- Barrett, MN: higher priced homes
- Elbow Lake, MN: less expensive homes
- Dumont, MN: equally priced homes
- Tintah, MN: higher priced homes
- Hoffman, MN: less expensive homes
- Wendell, MN: higher priced homes
- Chokio, MN: less expensive homes
- Johnson, MN: less expensive homes
Cities with Similar Populations
- Turin, NY: less expensive homes
- Gladstone, VA: equally priced homes
- Goggins, GA: higher priced homes
- Goodhope, MO: less expensive homes
- Gordon, OH: equally priced homes
- Goshen, CA: higher priced homes
- Gossburg, TN: higher priced homes
- Green Hill, NC: higher priced homes
- Green Pond, SC: less expensive homes
- Greystone, TN: less expensive homes
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