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Multi-family Foreclosures in Herman, MN

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Herman, MN Foreclosures

How much do homes sell for in Herman, MN?
The average home price is currently $200,895.
What’s the average rental cost in Herman, MN?
The average rental price in Herman is $1,108.
What is the most expensive home in Herman?
The most expensive home sold in Herman had a price of $1,889,119.
What is currently the cheapest priced home in Herman, MN?
The cheapest home for sale in Herman is priced at $14,209.

Living in Herman, MN

Herman, MN is a small town with a strong sense of community, surrounded by beautiful nature and outdoor recreational opportunities. The town features a charming downtown area with historic architecture and offers local elementary and high schools known for their educational quality. Residents enjoy a peaceful lifestyle and various community events throughout the year.

Current Market Conditions in Herman, MN

The real estate market in Herman, MN has shown a favorable trend over the past few months, with a steady increase in home sales. There is a growing interest among buyers looking for affordable properties in rural settings, which has led to a chapter of growth for the local market.

Prices for homes in Herman have remained relatively stable, with new listings frequently attracting potential buyers. This reflects a positive outlook for real estate investments in the area, especially for those seeking single-family homes.

Home Value Estimator For Herman, MN

There are currently 241 real estate properties in Herman, MN, with a median automated valuation model (AVM) price of $163,425.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Herman, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Herman, MN, is $200,895.00, with the most expensive house in Herman, MN, topping out at $1,889,119.00 and the cheapest home in Herman, MN, clocking in at $14,209.00. In other words, there’s something for every potential homebuyer or savvy investor in Herman, MN!

Rent Prices In Herman, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Herman, MN, is on a rollercoaster ride. The average rent price in Herman, MN, is $1,108.00. Indeed, when looking to rent in Herman, MN, you can expect to pay as little as $570.00 or as much as $2,040.00, with the average rent median estimated to be $1,020.00. The good news is that finding an affordable and desirable property to rent in Herman, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Herman, MN Multi-family Homes


Market Trend for Herman, MN

Total Listings Available: 0

Market Values:

Home Prices from $14,209 to $1,889,119

Average Sales Price: $200,895

Rental Values:

Rental from $570 to $2,040

Average Rent Value: $1,108 / month

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