Hermann, MO is a small city in the Midwest with a housing median value of $187,900. This is significantly lower than the nationwide median of $338,100. The US experienced an 8.27% increase in house values over the past year while Hermann experienced a 10.43% increase. This high appreciation rate indicates that Hermann is seeing more investment in housing and is becoming an increasingly popular place to live. With affordable prices and growing property value, Hermann remains a great option for potential home owners looking to invest in this area.
The median home cost in Hermann (zip 65041) is $187,900. Home appreciation the last 10 years has been 83.2%. Home Appreciation in Hermann (zip 65041) is up 19.9%.
Average Age of Homes
- The median age of Hermann (zip 65041) real estate is 48 years old
The Rental Market in Hermann (zip 65041)
- Renters make up 18.6% of the Hermann (zip 65041) population
- 0.9% of houses and apartments in Hermann (zip 65041), 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.