Herman, MN Foreclosures
How much do homes sell for in Herman, MN?
The average home price is currently $251,766.
In Herman, MN, how many homes are available?
There are currently 1 active home listings available in Herman.
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 $2,461,797.
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 is a charming small town in western Minnesota, known for its peaceful atmosphere and strong sense of community. Nestled near the serene shores of the Pomme de Terre Lake, residents enjoy a tranquil lifestyle wrapped in scenic beauty. With a variety of local shops and community events, Herman offers a perfect blend of modern conveniences and a friendly, small-town feel.
Current Market Conditions in Herman, MN
The real estate market in Herman, MN has shown stability over the past year, with a steady demand for homes. The town's appeal lies in its affordability and the peaceful lifestyle it offers. Families and retirees alike are looking for homes that provide space and comfort, which keeps the market moving.
In recent months, the market has seen an uptick in home listings, with prices gradually increasing due to the limited inventory and growing interest from buyers seeking second homes or quiet retirements. Homes in this area have been selling at a moderate pace, with properties priced under $200,000 seeing particularly quick sales.
Home Value Estimator For Herman, MN
There are currently 291 real estate properties
in Herman, MN,
with a median automated valuation model (AVM) price
of $176,448.00. 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 $251,766.00, with the most expensive house
in Herman, MN, topping out
at $2,461,797.00 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.
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