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 Units by Size|
|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
|Second Mortgage & Equity Loan||1%|
|Home Equity Loan||10.30%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||17.9%|