Market Overview
Home Prices in Hermon, ME
The median home value in Hermon, ME is $376,028 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.3% compared to a year ago and up 4.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hermon are priced8% below average. Hermon is part of the Bangor, ME metro area.
Over the past five years, Hermon home values have risen by approximately30.3%, reflecting strong long-term appreciation in this market.
Price History
Hermon Home Price Trend
2020
$236,531
$237K
—
2021
$288,673
$289K
+22.0%
2022
$326,658
$327K
+13.2%
2023
$336,893
$337K
+3.1%
2024
$352,924
$353K
+4.8%
2025
$367,686
$368K
+4.2%
2026
$376,028
$376K
+2.3%
City Comparison
Hermon vs. National Median
🏠 Hermon
$376,028
National Median
$410,000
At $376,028, homes in Hermon cost 8% below the national median of $410,000. This makes Hermon a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hermon?
20% Down Payment
$75,206
on $376,028
Monthly P&I
$1,961/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,490/mo
incl. taxes & insurance
Income Needed
$99,600
gross annual (30% rule)
10% Down Option
$37,603
+ PMI applies
Loan Amount (20% dn)
$300,822
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Hermon, ME?
The median home value in Hermon is $376,028 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.3% year-over-year.
How much have home prices changed in Hermon?
Over the past year, home values in Hermon have increased by 2.3%. Over five years, prices have risen approximately 30.3%.
How much do I need to earn to buy a home in Hermon?
To comfortably afford the median home price of $376,028 with a 20% down payment ($75,206) at today's rates (6.8%), you'd need a gross annual income of approximately $99,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Hermon compare to the national average home price?
The national median home value is approximately $410,000. At $376,028, homes in Hermon are 8% below the national average.
What metro area is Hermon part of?
Hermon is part of the Bangor, ME metropolitan area. Home prices and market conditions can vary across the broader metro region.