Housing in Hermon, ME is quite affordable compared to the national average, with the median value of homes being $293,400. This is significantly lower than the US house median value of $338,100. However, Hermon has seen a much greater appreciation rate in housing than the US as a whole over the past year at 15.28%, compared to 8.27%. This indicates that Hermon's housing market is flourishing and may be an attractive option for potential buyers looking for an affordable place to live.
The median home cost in Hermon is $293,400. Home appreciation the last 10 years has been 79.9%. Home Appreciation in Hermon is up 19.0%.
Average Age of Homes
- The median age of Hermon real estate is 23 years old
The Rental Market in Hermon
- Renters make up 22.0% of the Hermon population
- 1.7% of houses and apartments in Hermon, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.