Herman, MN is a small town that has seen significant growth in housing values over the past year. The median value of houses in Herman is $154,700 compared to the US median of $338,100. This equates to an 8.27% appreciation rate for homes in the US and a 13.39% appreciation rate for homes in Herman. With such strong appreciation rates, buying a home in Herman is a good investment for potential home owners looking to move into the town.
The median home cost in Herman is $154,700. Home appreciation the last 10 years has been 60.2%. Home Appreciation in Herman is up 12.6%.
Average Age of Homes
- The median age of Herman real estate is 46 years old
The Rental Market in Herman
- Renters make up 16.5% of the Herman population
- 2.2% of houses and apartments in Herman, 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.