Housing · Hermantown
Hermantown, MN housing market
The typical Hermantown home is worth about $433,000, up 6% in a year, 23% above the Minnesota typical home.
Home values, sales, trends and how Hermantown compares with the towns next door — updated as new data is published.
The market right now
Hermantown at a glance
Typical home value
$433K
▲ 6% in a year · Zillow
Ten-year trend
Typical home value, 2016–2026
HermantownMinnesota
Show as a table
| January | Hermantown | Minnesota |
|---|---|---|
| 2017 | $241,000 | $217,000 |
| 2018 | $250,000 | $232,000 |
| 2019 | $262,000 | $246,000 |
| 2020 | $280,000 | $259,000 |
| 2021 | $304,000 | $282,000 |
| 2022 | $352,000 | $313,000 |
| 2023 | $362,000 | $325,000 |
| 2024 | $378,000 | $331,000 |
| 2025 | $392,000 | $341,000 |
| 2026 | $424,000 | $349,000 |
| August 2026 | $433,000 | $351,000 |
Affordability
4.8 years of income
The typical Hermantown home costs about 4.8 years of the town's median household income, more than across Minnesota (3.9 years).
How Hermantown ranks on affordability →
Home value ÷ ACS median household income.
The homes
Owners, rent & taxes
Homeownership
73.1%
Minnesota: 72.2%
Median tax bill
$4,010
Minnesota: $3,357
Median rent
$1,463
Minnesota: $1,280
Typical home built
1993
Minnesota: 1979
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.