Housing in Hermansville, MI (49847) is significantly more affordable than the national median. The median value of a home in Hermansville is $119,500 compared to the national median value of $338,100. Despite this lower cost of entry, Hermansville homeowners have seen strong appreciation in their properties. In the last year, homes have appreciated by 12.90%, substantially higher than the US average of 8.27%. That means that not only can you buy into Hermansville for an affordable price, but your investment will also grow quickly and reliably over time.
The median home cost in Hermansville (zip 49847) is $119,500. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Hermansville (zip 49847) is up 23.1%.
Average Age of Homes
- The median age of Hermansville (zip 49847) real estate is 53 years old
The Rental Market in Hermansville (zip 49847)
- Renters make up 10.0% of the Hermansville (zip 49847) population
- 0.0% of houses and apartments in Hermansville (zip 49847), 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.