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Affordable
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These days, finding an affordable place to live in the Hermitage area can be challenging. Home prices in Hermitage are now at a median cost of $131,722, lower than the New York average of $610,895.
The average cost of rent is $911/mo in Hermitage, primarily driven by the current value of real estate in the Hermitage area. In Hermitage, 19.55% of households rent, and 49.14% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hermitage is $7,936 per month. Households that rent pay about 11.48% of their income on rent here. Hermitage’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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- North Java, NY: higher priced homes
- Johnsonburg, NY: equally priced homes
- Tonawanda Indian Reservation, NY: higher priced homes
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- Java Center, NY: higher priced homes
Cities with Similar Populations
- Martinsburg, IL: less expensive homes
- Maple Grove, VA: higher priced homes
- Maple Springs, NY: higher priced homes
- Marianna, MS: higher priced homes
- Marienthal, KS: higher priced homes
- Marietta, MN: higher priced homes
- Markham, MN: higher priced homes
- Marklesburg, PA: higher priced homes
- Marlborough, MI: less expensive homes
- Marley Mill, AL: higher priced homes
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