Hermann, MO has a median housing value of $181,900, which is significantly lower than the US house median value of $338,100. Despite this difference in overall housing values, the 1 year house appreciation rate for Hermann is 10.43%, which is higher than the national average rate of 8.27%. This demonstrates that there is increasing demand for homes in Hermann and that people are willing to invest in the area. With an increase in house values as well as continued demand, it looks like Hermann may be a good place to invest in real estate.
The median home cost in Hermann is $181,900. Home appreciation the last 10 years has been 83.2%. Home Appreciation in Hermann is up 19.9%.
Average Age of Homes
- The median age of Hermann real estate is 58 years old
The Rental Market in Hermann
- Renters make up 32.5% of the Hermann population
- 2.5% of houses and apartments in Hermann, 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.