A typical Herman home is worth roughly $494,000
Home prices around Herman have risen about 64% over the past 5 years. Builders were permitted 5 new homes in 2025.
What kind of housing town is Herman?
Read from the numbers below. The page puts what stands out first.
Home prices up 64% in 5 years
The federal house price index for the ZIP codes around Herman rose 64% over the past 5 years, faster than across Wisconsin (57%). Last year prices rose 7.3%. Carrying the Census median home value forward with that index puts the typical Herman home at roughly $494,000 today.
Carrying the Census median forward with the index puts a typical home at about $494K.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Herman, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A typical home costs 4.3 years of income
About the same as across Wisconsin. Try your own numbers below.
That’s $48K short of a typical Herman home.
A two-bedroom rents for about $1,180 a month here, $1,790 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Herman’s typical property tax (0.93% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
89% of Herman households own their home
Half of Herman’s homes were built before 1942.
Wisconsin: 68% own.
U.S. Census Bureau, American Community Survey 2020-2024.
A two-bedroom rents for about $1,180
Renters already here pay a median of $1,021, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Milwaukee-Waukesha, WI MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
5 new homes permitted in 2025
Builders were permitted 5 new homes in Herman in 2025, all single-family houses, worth about $2.3 million to build. That's 4.8 per 1,000 residents, about the pace of Wisconsin as a whole. Over the past 10 years, Herman has permitted 26 homes in all.
Between the 2010 and 2020 censuses, Herman gained 27 residents while 31 new homes were permitted: about 0.9 new residents per new home. Building outpaced population growth, which usually means smaller households or homes used part of the year. Across Wisconsin: 1.3 new residents per new home.
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 4 | 4 | 0 | $1.9 million |
| 2025 | 5 | 5 | 0 | $2.3 million |
| 2024 | 4 | 4 | 0 | $1.9 million |
| 2023 | 3 | 3 | 0 | $1.3 million |
| 2022 | 1 | 1 | 0 | $400,000 |
| 2021 | 1 | 1 | 0 | $545,000 |
| 2020 | 2 | 2 | 0 | $816,000 |
| 2019 | 3 | 3 | 0 | $1.8 million |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 4 | 4 | 0 | $1.2 million |
| 2016 | 3 | 3 | 0 | $905,000 |
| 2015 | 2 | 2 | 0 | $635,000 |
| 2014 | 4 | 4 | 0 | $790,000 |
| 2013 | 3 | 3 | 0 | $590,000 |
| 2012 | 6 | 6 | 0 | $1.3 million |
| 2011 | 2 | 2 | 0 | $340,000 |
| 2010 | 4 | 4 | 0 | $829,000 |
| 2009 | 3 | 3 | 0 | $681,000 |
| 2008 | 6 | 6 | 0 | $1.7 million |
| 2007 | 4 | 4 | 0 | $1.2 million |
| 2006 | 2 | 2 | 0 | $365,000 |
| 2005 | 2 | 2 | 0 | $655,000 |
| 2004 | 5 | 5 | 0 | $1.2 million |
| 2003 | 5 | 5 | 0 | $1.2 million |
| 2002 | 5 | 5 | 0 | $1.2 million |
| 2001 | 5 | 5 | 0 | $1.2 million |
| 2000 | 5 | 5 | 0 | $1.2 million |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Herman vs. its neighbors
Herman is the priciest of 5 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Herman | $494K* | +7.3%† | $1,180 | 5 | $114,773 |
| Theresa | $351K | +5.3% | $1,080 | 0 | $116,750 |
| Addison | $477K | +10.5% | $1,230 | 3 | $112,935 |
| Hubbard | $314K* | +8.6%† | $1,180 | 10 | $91,215 |
| Iron Ridge | $218K* | +6%† | $1,350 | 4 | $76,944 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Herman buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.