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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 $254,003, higher than the Maine average of $243,042.
The average cost of rent is $1,257/mo in Hermon, primarily driven by the current value of real estate in the Hermon area. While nearly 33.01% of residents own their homes outright in Hermon, 15.45% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hermon is $8,120 per month. Households that rent pay about 15.48% 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.
Nearby Cities
- Hermon Center, ME: equally priced 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: equally priced homes
- Ross, OH: higher 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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