Home prices
The median home in Hermantown is valued at $238,800. Compared to the surrounding areas this is about $62,140 (35%) higher.It is roughly $21,300 (9%) higher in comparison to the country as a whole, and in comparison to the city of Duluth it is about $75,500 (46%) higher.
Rents
In Hermantown the median rent is $1,095 a month. In comparison to nearby areas this is about $52 (4%) higher.In comparison to the US as a whole it is about $33 (3%) higher, and is roughly $275 (33%) higher in comparison to the city of Duluth.
Nearby places
Proctor
Proctor is Hermantown's neighbor to the south. The real estate prices there are significantly less expensive. The median home price in Proctor is $147,000, which comes out to $91,800 (62%) lower than Hermantown. Its rents are substantially less expensive. Proctor's median rent is $653 a month, which is $442 (67%) lower than Hermantown.
Rice Lake
Rice Lake is about 7 miles northeast of Hermantown. The housing prices there are a bit less expensive. The median home cost in Rice Lake is $209,500, which is $29,300 (13%) lower than Hermantown. The rent there is similar. Rice Lake's median rent is $1,125 a month, which is $30 (2%) higher than Hermantown.
Esko
Esko is approximately 7 miles southwest from Hermantown. The real estate prices there are somewhat less expensive. The median home in Esko is valued at $222,000, which works out to $16,800 (7%) lower than Hermantown. Its rents are a little more expensive. The median rent in Esko is $1,292 per month, which comes out to $197 (15%) higher than Hermantown.
Scanlon
Scanlon is approximately 9 miles southwest from Hermantown. Its real estate prices are a lot less expensive. The median home cost in Scanlon is $149,300, which works out to $89,500 (59%) lower than Hermantown. The rent there is a little more expensive. Scanlon's median monthly rent is $1,224, which works out to $129 (10%) higher than Hermantown.
Oliver
Oliver is roughly 9 miles south from Hermantown. Real estate prices there are significantly less expensive. Oliver's median home value is $155,500, which comes out to $83,300 (53%) lower than Hermantown. Rent there is a bit less expensive. In Oliver the median rent is $921 a month, which is $174 (18%) lower than Hermantown.
