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Affordable
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These days, finding an affordable place to live in the Mount Hermon area can be challenging. Home prices in Mount Hermon are now at a median cost of $403,521, lower than the New Jersey average of $496,577.
The average cost of rent is $1,367/mo in Mount Hermon, primarily driven by the current value of real estate in the Mount Hermon area. In Mount Hermon, 11.90% of households rent, and 40.45% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mount Hermon is $8,587 per month. Households that rent pay about 15.92% of their income on rent here. Mount Hermon’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hope, NJ: equally priced homes
- Columbia, NJ: less expensive homes
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- Hainesburg, NJ: less expensive homes
- Portland, PA: less expensive homes
- Walnut Valley, NJ: equally priced homes
- Great Meadows, NJ: equally priced homes
- Bridgeville, NJ: equally priced homes
Cities with Similar Populations
- Silver Lake, IA: less expensive homes
- Kirkwood, CA: higher priced homes
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- Shivwits, UT: higher priced homes
- Shore Oaks, NY: less expensive homes
- Silver City, KY: less expensive homes
- Silver Ford Heights, PA: less expensive homes
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