The Most Affordable Neighborhoods in Hermon Center, ME by Home Value

 

Hermon Center, ME Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Hermon Center area can be challenging. Home prices in Hermon Center are now at a median cost of $252,254, higher than the Maine average of $243,042.

The average cost of rent is $759/mo in Hermon Center, primarily driven by the current value of real estate in the Hermon Center area. While nearly 54.46% of residents own their homes outright in Hermon Center, 32.44% rent.

Housing affordability isn’t just about home prices, though. The average household income in Hermon Center is $6,460 per month. Households that rent pay about 11.76% of their income on rent here. Hermon Center's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.


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