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Cheap Homes in Hermann, MO

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Hermann, MO Foreclosures

How much do homes sell for in Hermann, MO?
The average home price is currently $286,083.
What’s the average rental cost in Hermann, MO?
The average rental price in Hermann is $1,165.
What is the most expensive home in Hermann?
The most expensive home sold in Hermann had a price of $3,430,400.
What is currently the cheapest priced home in Hermann, MO?
The cheapest home for sale in Hermann is priced at $22,080.

Living in Hermann, MO

Hermann, MO is a picturesque small town celebrated for its German heritage and stunning river views. With a vibrant cultural scene, excellent local amenities, and a strong sense of community, it's an appealing location for families and retirees. Plenty of outdoor activities, including hiking and wine tasting, enhance the quality of life here.

Current Market Conditions in Hermann, MO

The real estate market in Hermann, MO has shown steady growth, characterized by a demand for both residential and investment properties. The area attracts buyers seeking a peaceful lifestyle, complemented by the natural beauty of the surrounding landscape and local vineyards.

As the area becomes more popular among tourists and new residents alike, home values have risen slightly, reflecting the charm and potential of Hermann. This trend is expected to continue as more individuals discover the benefits of living in Hermann.

Home Value Estimator For Hermann, MO

There are currently 2,434 real estate properties in Hermann, MO, with a median automated valuation model (AVM) price of $233,616.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Hermann, MO, 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 Hermann, MO, is $286,083.00, with the most expensive house in Hermann, MO, topping out at $3,430,400.00 and the cheapest home in Hermann, MO, clocking in at $22,080.00. In other words, there’s something for every potential homebuyer or savvy investor in Hermann, MO!

Rent Prices In Hermann, MO

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Hermann, MO, is on a rollercoaster ride. The average rent price in Hermann, MO, is $1,165.00. Indeed, when looking to rent in Hermann, MO, you can expect to pay as little as $620.00 or as much as $2,940.00, with the average rent median estimated to be $1,130.00. The good news is that finding an affordable and desirable property to rent in Hermann, MO -- 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 Hermann, MO

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