Hermann, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hermann, MO Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Hermann Housing Market Information

With 2,376 people, 1,086 houses or apartments, and a median cost of homes of $119,669, house prices in Hermann are solidly below the national average.

Single-family detached homes are the single most common housing type in Hermann, accounting for 74.84% of the city's housing units. Other types of housing that are prevalent in Hermann include duplexes, homes converted to apartments or other small apartment buildings ( 13.86%), large apartment complexes or high rise apartments ( 5.84%), and a few mobile homes or trailers ( 3.50%).

The most prevalent building size and type in Hermann are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.72% owning and 41.28% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Hermann's housing was primarily built during this period, from the '40s through the '60s. A full 35.51% of the city's housing hails from this era. Other housing ages represented in Hermann include homes built between 1970-1999 ( 31.15%) and housing constructed before 1939 ( 29.91%). There's also some housing in Hermann built between 2000 and later ( 3.43%).

Vacant housing appears to be an issue in Hermann. Fully 15.42% of the housing stock is classified as vacant. Left unchecked, vacant Hermann homes and apartments can be a drag on the real estate market, holding Hermann real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Hermann Home Appreciation Rates

Hermann's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hermann during the period has been just -0.83%, which is lower than 70% of US communities.

Over the last year, Hermann appreciation rates have trailed the rest of the nation. In the last twelve months, Hermann's appreciation rate has been 3.03%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hermann were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Missouri, our data show that Hermann's latest annual appreciation rate is higher than 50% of the other cities and towns in Missouri.

Average Home Values

 

Median Home Value:
$119,669

Hermann, MO HOME PRICES

Value Range
> $1,054,000 0.5
$791,001 - $1,054,000 0.0
$527,001 - $791,000 5.3
$422,001 - $527,000 0.5
$316,001 - $422,000 4.2
$211,001 - $316,000 8.7
$105,001 - $211,000 44.1
$53,001 - $105,000 29.0
$0 - $53,000 7.8

Average for MO
Low for Nation

Value Relative to Nation Value Relative to State
65.5455291222313 52.0

Number Of Homes And Apartments:
1,086

Hermann Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MO*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
20.62% 1.09% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$729 / per month

Homeownership Rate

Homeownership
Owners 58.72
Renters 41.28
Vacant 15.42

Housing Market Details

 

Age of Homes

AGE OF Hermann HOMES
2000 or Newer 3.4
1970 - 1999 31.2
1940 - 1969 35.5
1939 or Older 29.9

Types of Homes

TYPE OF Hermann HOMES
Single-Family 74.8
Townhomes 1.9
Small Apt. Buildings 13.9
Apt. Complexes 5.8
Mobile Homes 3.5
Other 0.0

Home Size

SIZE OF Hermann HOMES
No Bedroom 0.00
1 Bedroom 12.85
2 Bedrooms 29.83
3 Bedrooms 42.21
4 Bedrooms 11.68
5 or more bedrooms 3.43

Popular Neighborhoods in Hermann

Zip Codes in Hermann, MO