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These days, finding an affordable place to live in the Hermann area can be challenging. Home prices in Hermann are now at a median cost of $220,177, lower than the Missouri average of $246,641.
The average cost of rent is $758/mo in Hermann, primarily driven by the current value of real estate in the Hermann area. In Hermann, 19.97% of households rent, and 55.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hermann is $6,037 per month. Households that rent pay about 12.56% of their income on rent here. Hermann’s most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- McKittrick, MO: higher priced homes
- Gasconade, MO: less expensive homes
- Starkenburg, MO: equally priced homes
- Berger, MO: equally priced homes
- Case, MO: higher priced homes
- Swiss, MO: equally priced homes
- Rhineland, MO: equally priced homes
- Pershing, MO: less expensive homes
- Big Spring, MO: higher priced homes
- Bluffton, MO: less expensive homes
Cities with Similar Populations
- Angwin, CA: higher priced homes
- West Branch, IA: higher priced homes
- Weidman, MI: less expensive homes
- Veedersburg, IN: less expensive homes
- Trail Creek, IN: less expensive homes
- Thorntown, IN: higher priced homes
- South Whitley, IN: less expensive homes
- Huddleston, VA: higher priced homes
- Hays, TX: higher priced homes
- Goodwater, AL: less expensive homes
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