Median price for residential in as of Jul, 2022.
Take into account that the price depends on the location and condition of the . The size and amenities might have a large influence on the asking price as well.
15 Hermantown, MN, USA apartments for sale
Hermantown
According to statistics, the population in Hermantown, MN amounts to 9,603, which shows decline 0% compared to the previous year. The median age of the city’s residents is 41. The average household income is $70,082, shifting growth 6% from the past year, and the average property value in Hermantown, MN growth 4% to $221,800 throughout the year.
| Population | 9,603 |
| Median Age | 41 |
| Poverty Rate | 5% |
| Household Income | $70,082 |
| Number Of Employees | 4,734 |
| Median Property Value | $221,800 |
Household Income
The average household income in Hermantown, MN grew from $66,386 to $70,082 in the past year. This data is an estimate based upon 3,580 households in Hermantown, MN . The chart below presents how household income is distributed in Hermantown, MN in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Hermantown, MN shifted from $213,800 to $221,800 throughout the year. The subsequent graph indicates the share of properties in the given price range in Hermantown, MN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Hermantown, MN properties falls in the '$200,000 to $249,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Hermantown, MN compared to median property taxes around the country. The prevalent amount of property taxes in Hermantown, MN equals $3000, which is less than the national average.
Housing Trends
How much does an apartment cost in Hermantown, MN, USA
Average sale in Hermantown: $452,417 (+2.4%)
| Apartment Size | Jul | vs Last Month |
|---|---|---|
| Studio for sale | $169,900 | N/A |
| 2 bed for sale | $499,900 | +69% |
| 3 bed for sale | $335,750 | -23.5% |
| 4+ bed for sale | $513,931 | +3.6% |
During Jul 2022, the average price for an apartment in/near Hermantown, MN increased by 2.4% to $452,417.
Asking price for 2-bed apartment also increased by 69% and a place of this size will now cost you $499,900. A 3-bed apartment goes for $335,750, it decreased by 23.5% lately. We discerned the rise of 4- and more bed apartment price. It increased by 3.6% and made it up to $513,931.
| Listing Type | Jul | vs Last Month |
|---|---|---|
| Townhouses for sale | $574,900 | N/A |
| Houses for sale | $460,985 | -3.9% |
| Land for sale | $362,450 | +204.3% |
| Condos for sale | $535,960 | N/A |
Price reports demonstrate that house price decreased by 3.9% this month making it up to $460,985. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $535,960. Value of the townhouses didn’t change, the price still starts at $574,900.