Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Mount Herman area can be challenging. Home prices in Mount Herman are now at a median cost of $68,818, lower than the Tennessee average of $218,916.
The average cost of rent is $684/mo in Mount Herman, primarily driven by the current value of real estate in the Mount Herman area. While nearly 48.11% of residents own their homes outright in Mount Herman, 19.87% rent.
Housing affordability isn’t just about home prices, though. The average household income in Mount Herman is $3,140 per month. Households that rent pay about 21.77% of their income on rent here. Mount Herman's most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Greenfield, TN: equally priced homes
- Skullbone, TN: higher priced homes
- Kimery, TN: equally priced homes
- Four Point, TN: higher priced homes
- Sharon, TN: higher priced homes
- Staffords Store, TN: higher priced homes
- Pillowville, TN: higher priced homes
- Bradford, TN: higher priced homes
- Gleason, TN: higher priced homes
- Dresden, TN: higher priced homes
Cities with Similar Populations
- Stoney Fork, KY: less expensive homes
- Jonesboro, OH: higher priced homes
- Kahler, CO: higher priced homes
- Kanawha Drive, WV: less expensive homes
- Kathryn, ND: higher priced homes
- Kellerville, IN: higher priced homes
- Kent, VA: higher priced homes
- Stanley, ID: higher priced homes
- Stephens, OR: higher priced homes
- Jones, TX: higher priced homes
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