Home prices
Hermosa's median home cost is $77,500. This is approximately $61,800 (44%) lower compared to other places in this area.It is roughly $140,000 (64%) lower compared to the US as a whole, and is roughly $107,200 (58%) lower compared to the city of Rapid City.
Rents
The median rent in Hermosa is $875 a month. Compared to the surrounding areas this is about $85 (10%) higher.It is roughly $187 (17%) lower compared to the US as a whole, and compared to the city of Rapid City it is approximately $38 (4%) higher.
Nearby places
Fairburn
Fairburn is roughly 9 miles south of Hermosa. Real estate prices there are somewhat less expensive. The median home value in Fairburn is $70,000, which is $7,500 (10%) lower than Hermosa. Rent there is a bit more expensive. The median rent in Fairburn is $1,042 per month, which works out to $167 (16%) higher than Hermosa.
Keystone
Keystone is approximately 10 miles west from Hermosa. Housing prices there are significantly more expensive. The median home in Keystone costs $128,100, which comes out to $50,600 (39%) higher than Hermosa. Rents there are significantly less expensive. Keystone's median monthly rent is $581, which is $294 (50%) lower than Hermosa.
Green Valley
Green Valley is approximately 13 miles north of Hermosa. The housing prices there are a lot more expensive. The median home in Green Valley is valued at $169,800, which is $92,300 (54%) higher than Hermosa. Rent there is similar. In Green Valley the median monthly rent is $848, which comes out to $27 (3%) lower than Hermosa.
Rapid Valley
Rapid Valley is approximately 14 miles north of Hermosa. Its housing prices are significantly more expensive. The median home in Rapid Valley is valued at $161,100, which comes out to $83,600 (51%) higher than Hermosa. Its rents are similar. In Rapid Valley the median monthly rent is $834, which comes out to $41 (4%) lower than Hermosa.
Hill City
Hill City is roughly 17 miles west from Hermosa. The real estate prices there are significantly more expensive. The value of the median home in Hill City is $167,500, which is $90,000 (53%) higher than Hermosa. The rent there is significantly less expensive. In Hill City the median rent is $643 a month, which is $232 (36%) lower than Hermosa.
