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 Type | 0.80% |
| One Bedroom | 22.60% |
| Two Bedrooms | 28.90% |
| Three Bedrooms | 32.60% |
| Four Bedrooms | 10.90% |
| Five Bedrooms or more | 4.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.2 |
| Median year structure was built | 1955 |
| Median Value of occupied units | $40,000 |
| Median Price asked for vacant units | $12,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.1 |
| Median year structure was built | 1954 |
| Median Monthly Rent asked for vacant units | $267 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.80% |
| Home Equity Loan | 0% |
| Simple Mortgage | 28.20% |
| Debt Free | 67.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 12.5% |
