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These days, finding an affordable place to live in the Hermon area can be challenging. Home prices in Hermon are now at a median cost of $345,981, higher than the Maine average of $330,167.
The average cost of rent is $1,432/mo in Hermon, primarily driven by the current value of real estate in the Hermon area. In Hermon, 22.37% of households rent, and 38.37% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hermon is $9,162 per month. Households that rent pay about 15.63% of their income on rent here. Hermon’s most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hermon Center, ME: less expensive homes
- South Levant, ME: less expensive homes
- Carmel, ME: less expensive homes
- Levant, ME: less expensive homes
- Robyville, ME: less expensive homes
- Hampden, ME: equally priced homes
- Bangor, ME: less expensive homes
- West Levant, ME: less expensive homes
- Glenburn Center, ME: less expensive homes
- Etna Center, ME: less expensive homes
Cities with Similar Populations
- Wilmington, VT: less expensive homes
- Ross, OH: equally priced homes
- Scotts Mills, OR: higher priced homes
- Hope, MI: less expensive homes
- Stratford, TX: less expensive homes
- Van Horn, TX: less expensive homes
- Chenoa, IL: less expensive homes
- Canterbury, NH: higher priced homes
- Buhler, KS: less expensive homes
- Blue Hill, ME: higher priced homes
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