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Short Sale Listings in Herman, MN

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Living in Herman, MN

Herman, MN offers a quaint community atmosphere with access to outdoor activities and local amenities. The town has a rich history and a close-knit feel that appeals to families and retirees. It combines small-town charm with convenient access to transportation, making it attractive for real estate investment.

Current Market Conditions in Herman, MN

The real estate market in Herman is currently stable, with home prices reflecting the town's appeal as a peaceful place to live. Demand for housing in nearby urban areas has positively influenced investment opportunities in Herman, creating interest among buyers looking for affordable options.

Investors can expect modest appreciation in property values due to ongoing community development efforts and the town's attractiveness to new residents. The market presents a balanced opportunity for both rental properties and owner-occupied homes.

Home Value Estimator For Herman, MN

There are currently 239 real estate properties in Herman, MN, with a median automated valuation model (AVM) price of $133,373.00. 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 $176,615.00, with the most expensive house in Herman, MN, topping out at $1,584,356.00 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 $1,111.00. 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 Short Sale Listings


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