Home Price Key
Affordable
Average
Expensive
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 $309,083, lower than the New Jersey average of $388,929.
The average cost of rent is $1,211/mo in Mount Hermon, primarily driven by the current value of real estate in the Mount Hermon area. While nearly 43.99% of residents own their homes outright in Mount Hermon, 14.63% rent.
Housing affordability isn’t just about home prices, though. The average household income in Mount Hermon is $7,741 per month. Households that rent pay about 15.64% of their income on rent here. Mount Hermon's most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Hope, NJ: higher priced homes
- Columbia, NJ: equally priced homes
- Delaware, NJ: equally priced homes
- Blairstown, NJ: higher priced homes
- Buttzville, NJ: equally priced homes
- Hainesburg, NJ: less expensive homes
- Portland, PA: less expensive homes
- Walnut Valley, NJ: higher priced homes
- Great Meadows, NJ: equally priced homes
- Bridgeville, NJ: higher priced homes
Cities with Similar Populations
- Silver Lake, IA: less expensive homes
- Kirkwood, CA: equally priced homes
- Sherburne, KY: less expensive homes
- Shieldsburg, PA: less expensive homes
- Shingleton, MI: less expensive homes
- Shirley, SC: less expensive homes
- 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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