Hermantown, MN Real Estate

According to census data in the year 2000 there were 2,812 housing units in Hermantown. This represents a 23.9% growth from 2,270 in 1990.

Of those housing units, 978 were located in either urbanized areas or urban clusters, and 1,834 were located in what is classified as a rural area.

Homeownership rate in Hermantown is about 81.7%. Hermantown's vacancy rate, including seasonal lodging, is about 3%. Average household size is 2.69 people.

The majority of houses, apartments or condos in Hermantown were built after 1970.


Housing Size

Housing Units by Size
Studio Type0.40%
One Bedroom4.60%
Two Bedrooms28.10%
Three Bedrooms47.60%
Four Bedrooms16.90%
Five Bedrooms or more2.40%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.81
Median year structure was built1967
Median Value of occupied units$109,600
Median Price asked for vacant units$55,000

Rented Homes, Apartments and Condos

Average Household Size2.15
Median year structure was built1982
Median Monthly Rent asked for vacant units$702

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan1%
Second Mortgage6.50%
Home Equity Loan10.30%
Simple Mortgage51.60%
Debt Free30.50%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17.9%