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Cheap Homes in Herman, MN 56248

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Herman, MN Foreclosures

How much do homes sell for in Herman, MN?
The average home price is currently $202,637.
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 $1,641,110.
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 quaint and inviting small town that offers a peaceful lifestyle complemented by outdoor recreational opportunities. Residents enjoy a close-knit community atmosphere, local amenities, and access to good schools, making it a great place to live for families and retirees alike.

Current Market Conditions in Herman, MN

The real estate market in Herman is characterized by affordable housing options and a low turnover rate, which reflects the community's desirability among residents. With the growing interest in rural living, more buyers are considering homes in small towns like Herman.

Current trends show a steady appreciation in home values as buyers seek larger spaces and a better quality of life away from crowded urban areas. The limited inventory means that homes sell quickly when they come on the market.

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 $162,759.00. 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 $202,637.00, with the most expensive house in Herman, MN, topping out at $1,641,110.00 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.

Cheap Homes in Herman, MN 56248

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