Housing & Real Estate — Hermantown, Minnesota
Overview
| Total Housing Units | 3,878 |
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| Occupied | 3,741 |
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| Vacant | 137 |
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| Owner-Occupied | 2,806 |
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| Renter-Occupied | 935 |
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| Median Home Value (Census) | $382,300 |
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| Estimated 2026 | ~$402,000 |
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| Median Rent | $1,375/mo |
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| Median Property Tax | $4,010/yr |
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Affordability
| Home Price to Income Ratio | N/Ax |
|---|
| Home Affordability | moderate |
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| Rent as % of Income | 18.2% |
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| Severely Rent-Burdened | 56.5% |
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Housing Age
| Built 2010 or later | 592 |
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| Built 2000-2009 | 1,026 |
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| Built 1990-1999 | 543 |
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| Built before 1960 | 828 |
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| Median Year Built | 1992 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
