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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 4.60% |
| Two Bedrooms | 28.10% |
| Three Bedrooms | 47.60% |
| Four Bedrooms | 16.90% |
| Five Bedrooms or more | 2.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.81 |
| Median year structure was built | 1967 |
| Median Value of occupied units | $109,600 |
| Median Price asked for vacant units | $55,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.15 |
| Median year structure was built | 1982 |
| Median Monthly Rent asked for vacant units | $702 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 1% |
| Second Mortgage | 6.50% |
| Home Equity Loan | 10.30% |
| Simple Mortgage | 51.60% |
| Debt Free | 30.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.9% |
