Hermosa

As of today, the 30-year fixed mortgage rate for Hermosa is approximately 6.860% (6.905% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

The median home value in Hermosa is $320k. The median monthly rent is $1,337. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Home values in Hermosa have increased 16.7% 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.

Based on a typical all-in ownership cost of $1,418/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $61k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hermosa is $69k/year.

The largest employment sectors in Hermosa are public administration (18%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.