Expensive
Affordable
Affordable
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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 $191,511, lower than the Minnesota average of $345,793.
The average cost of rent is $708/mo in Herman, primarily driven by the current value of real estate in the Herman area. In Herman, 12.97% of households rent, and 55.07% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Herman is $7,127 per month. Households that rent pay about 9.94% of their income on rent here. Herman’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Norcross, MN: equally priced homes
- Donnelly, MN: higher priced homes
- Barrett, MN: higher priced homes
- Elbow Lake, MN: less expensive homes
- Dumont, MN: equally priced homes
- Tintah, MN: equally priced homes
- Hoffman, MN: equally priced 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: higher priced homes
- Goggins, GA: less expensive homes
- Goodhope, MO: less expensive homes
- Gordon, OH: higher 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: equally priced homes
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