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These days, finding an affordable place to live in the Hersman area can be challenging. Home prices in Hersman are now at a median cost of $164,073, lower than the Illinois average of $300,242.
The average cost of rent is $551/mo in Hersman, primarily driven by the current value of real estate in the Hersman area. In Hersman, 39.59% of households rent, and 59.36% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hersman is $3,393 per month. Households that rent pay about 16.24% of their income on rent here. Hersman’s most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mount Sterling, IL: less expensive homes
- Mound Station, IL: equally priced homes
- Cooperstown, IL: equally priced homes
- Versailles, IL: equally priced homes
- Timewell, IL: equally priced homes
- Ripley, IL: equally priced homes
- Chambersburg, IL: less expensive homes
- Kellerville, IL: equally priced homes
- Perry, IL: less expensive homes
- Clayton, IL: less expensive homes
Cities with Similar Populations
- Shamrock, TX: less expensive homes
- Hesperus, CO: higher priced homes
- Hindman, KY: less expensive homes
- Howe, OK: less expensive homes
- Knotts Island, NC: higher priced homes
- Lancing, TN: less expensive homes
- Langdon, ND: less expensive homes
- Livermore, KY: equally priced homes
- Logansport, LA: less expensive homes
- Newville, AL: equally priced homes
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