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Hermann

Learn about the people, housing, costs and businesses in Hermann, Missouri

Median Home$220,600
Median Rent$721/month
Population2,339
Leading IndustriesProfessional Services · Wholesale Trade · Retail4% professional services
Home Value Growth⬆⬆⬆+51.8% over 2 years
Retirees29% of residentswell above average
Homeowners78% of occupied units
NotableTransit97/100 · excellent transit access
NotableAmenity Score87/100 · highly walkable area
Hermann
MO

Frequently Asked Questions

What are today's mortgage rates in Hermann?

As of today, the 30-year fixed mortgage rate for Hermann is approximately 7.023% (7.067% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Hermann?

The median home value in Hermann is $221k. The median monthly rent is $721. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hermann?

Home values in Hermann have increased 51.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Hermann?

Based on a typical all-in ownership cost of $829/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hermann is $65k/year.

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What industries drive the economy in Hermann?

The largest employment sectors in Hermann are retail (15%) and public administration (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.