Market Overview
Home Prices in Hermansville, MI
The median home value in Hermansville, MI is $170,725 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.5% compared to a year ago and up 3.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hermansville are priced58% below average. Hermansville is part of the Marinette, WI-MI metro area.
Price History
Hermansville Home Price Trend
2022
$165,570
$166K
—
2023
$151,841
$152K
-8.3%
2024
$156,721
$157K
+3.2%
2025
$161,806
$162K
+3.2%
2026
$170,725
$171K
+5.5%
City Comparison
Hermansville vs. National Median
🏠 Hermansville
$170,725
National Median
$410,000
At $170,725, homes in Hermansville cost 58% below the national median of $410,000. This makes Hermansville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hermansville?
20% Down Payment
$34,145
on $170,725
Monthly P&I
$890/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,130/mo
incl. taxes & insurance
Income Needed
$45,200
gross annual (30% rule)
10% Down Option
$17,073
+ PMI applies
Loan Amount (20% dn)
$136,580
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 Hermansville, MI?
The median home value in Hermansville is $170,725 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.5% year-over-year.
How much have home prices changed in Hermansville?
Over the past year, home values in Hermansville have increased by 5.5%.
How much do I need to earn to buy a home in Hermansville?
To comfortably afford the median home price of $170,725 with a 20% down payment ($34,145) at today's rates (6.8%), you'd need a gross annual income of approximately $45,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Hermansville compare to the national average home price?
The national median home value is approximately $410,000. At $170,725, homes in Hermansville are 58% below the national average.
What metro area is Hermansville part of?
Hermansville is part of the Marinette, WI-MI metropolitan area. Home prices and market conditions can vary across the broader metro region.