Housing costs in Mount Hermon?
A typical home costs
$183,600, which is 45.7% less expensive than the national average of
$338,100 and 46.5% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Mount Hermon costs
$880 per month, which is 38.5% cheaper than the national average of
$1,430 and 59.1% cheaper than the state average of
$1,400.
Can I afford Mount Hermon?
To live comfortably in Mount Hermon, Virginia, a minimum annual income of
$35,280 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Mount Hermon?
Mount Hermon, VA is a great place to live with a low cost of living. The median home value for the area is around $127,000, which is much lower than the national average of $184,700. The cost of living index for Mount Hermon is an impressive 86.7 compared to the national average of 100, making it one of the most affordable places in Virginia to live. In addition, the area only has a sales tax rate of 5%, which is significantly lower than many other states and municipalities in Virginia. With its low cost and small-town charm, Mount Hermon is an excellent option for those looking for an affordable place to call home.