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Herman, MN Real Estate


According to census data in the year 2000 there were 239 housing units in Herman. This represents a 10.2% decline from 266 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 239 were located in what is classified as a rural area.

Homeownership rate in Herman is about 85%. Herman's vacancy rate, including seasonal lodging, is about 13.4%. Average household size is 2.19 people.

The majority of houses, apartments or condos in Herman were built after 1955.

Statistics

Housing Size

Housing Units by Size
Studio Type0.80%
One Bedroom22.60%
Two Bedrooms28.90%
Three Bedrooms32.60%
Four Bedrooms10.90%
Five Bedrooms or more4.20%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.2
Median year structure was built1955
Median Value of occupied units$40,000
Median Price asked for vacant units$12,500

Rented Homes, Apartments and Condos

Average Household Size2.1
Median year structure was built1954
Median Monthly Rent asked for vacant units$267

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage3.80%
Home Equity Loan0%
Simple Mortgage28.20%
Debt Free67.90%
As % of Housing Units
     
Median part of Monthly Household Income dedicated to covering home ownership costs12.5%