Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Hermantown area can be challenging. Home prices in Hermantown are now at a median cost of $314,520, higher than the Minnesota average of $269,934.
The average cost of rent is $1,241/mo in Hermantown, primarily driven by the current value of real estate in the Hermantown area. While nearly 25.25% of residents own their homes outright in Hermantown, 19.73% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hermantown is $7,062 per month. Households that rent pay about 17.58% of their income on rent here. Hermantown's most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Proctor, MN: less expensive homes
- Duluth, MN: less expensive homes
- Four Corners, MN: less expensive homes
- Harnell Park, MN: less expensive homes
- Esko, MN: less expensive homes
- Superior, WI: less expensive homes
- Oliver, WI: less expensive homes
- Saginaw, MN: less expensive homes
- Scanlon, MN: less expensive homes
- Thomson, MN: less expensive homes
Cities with Similar Populations
- Mattawan, MI: less expensive homes
- Loxley, AL: less expensive homes
- Mabelvale, AR: less expensive homes
- Madison, NC: less expensive homes
- Manati, PR: less expensive homes
- Manteno, IL: less expensive homes
- Manville, NJ: equally priced homes
- Marble Falls, TX: less expensive homes
- Markham, IL: less expensive homes
- Marshall, MI: less expensive homes
All Local Stats
Home Services
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren't able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood