Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Hermansville area can be challenging. Home prices in Hermansville are now at a median cost of $97,326, lower than the Michigan average of $196,062.
The average cost of rent is $579/mo in Hermansville, primarily driven by the current value of real estate in the Hermansville area. While nearly 56.50% of residents own their homes outright in Hermansville, 17.78% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hermansville is $4,739 per month. Households that rent pay about 12.21% of their income on rent here. Hermansville's most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Powers, MI: higher priced homes
- Spalding, MI: higher priced homes
- Waucedah, MI: higher priced homes
- Nadeau, MI: higher priced homes
- Nathan, MI: equally priced homes
- Carney, MI: higher priced homes
- Vulcan, MI: higher priced homes
- Wilson, MI: higher priced homes
- Loretto, MI: higher priced homes
- Perronville, MI: higher priced homes
Cities with Similar Populations
- Great Crossing, KY: higher priced homes
- Funkstown, MD: higher priced homes
- White Sands, NM: higher priced homes
- Geneva, MN: higher priced homes
- Gettysburg, OH: higher priced homes
- Ghent, WV: higher priced homes
- Gilson, IL: higher priced homes
- Glenwood, WV: higher priced homes
- Grantville, KS: higher priced homes
- Friesland, WI: higher priced homes
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