Home Price Key
Affordable
Average
Expensive
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 $262,407, higher than the Tennessee average of $218,916.
The average cost of rent is $1,357/mo in Hermitage, primarily driven by the current value of real estate in the Hermitage area. While nearly 32.40% of residents own their homes outright in Hermitage, 39.03% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hermitage is $6,263 per month. Households that rent pay about 21.67% of their income on rent here. Hermitage's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Old Hickory, TN: higher priced homes
- Green Hill, TN: higher priced homes
- Lakewood, TN: higher priced homes
- Mount Juliet, TN: higher priced homes
- Madison, TN: less expensive homes
- Suggs Creek, TN: higher priced homes
- Antioch, TN: less expensive homes
- Berry Hill, TN: higher priced homes
- Nashville, TN: higher priced homes
- La Vergne, TN: less expensive homes
Cities with Similar Populations
- Upper Darby, PA: less expensive homes
- Madison, TN: less expensive homes
- Lincoln Park, MI: less expensive homes
- Maricopa, AZ: less expensive homes
- La Vergne, TN: less expensive homes
- Royal Palm Beach, FL: higher priced homes
- Sherwood, AR: less expensive homes
- Starkville, MS: less expensive homes
- Streamwood, IL: less expensive homes
- Glen Ellyn, IL: higher priced 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