Photo: TCP04 · CC BY 4.0Measured against area pay, Hermann costs less to live in than 79% of U.S. towns
Up 1.8% in a year, 11% below the Missouri typical home.
Census 2020–24 home values, rents, tax bills and cost burden, measured against the median household income of Gasconade County, MO ($64K). How TownRatings grades cost of living
Only 4 sales in September 2026: in a market this size, monthly medians swing a lot, so the typical value is the steadier guide.
The grade compares costs with what households across Gasconade County earn ($64K, Census 2020–24). The typical home costs 3.0 years of area income, and 45% of renters pay 30% or more of income for housing.
In dollars
- $237Ktypical home, 11% below the Missouri typical homeZillow, September 2026
- $990a month for a two-bedroom, utilities includedHUD Fair Market Rent, 2026
In paychecks the grade
- 3.0 yrsof area income buys the typical home; the typical U.S. town: 3.3$64K, Gasconade County income
- 13%of area income goes to the median rent; the typical U.S. town: 18%Census 2020–24
- 45%of renters pay 30%+ of income for housing; across Missouri: 46%Census 2020–24
- 14%of owners do; the typical U.S. town: 20%Census 2020–24
What stands out about housing in Hermann
What’s behind Hermann’s grade
Measured against what households in the area earn, Hermann is more affordable than 79% of U.S. towns. Home prices pull the grade down most; rent holds it up.
Values have outpaced Missouri: the typical Hermann home is up 32.4% in five years, against 26.3% statewide (Zillow).
Up 32.4% in five years
Faster than Missouri (26.3%).
Show as a table
| January | Hermann | Missouri |
|---|---|---|
| 2018 | $131,000 | $155,000 |
| 2019 | $137,000 | $163,000 |
| 2020 | $146,000 | $171,000 |
| 2021 | $158,000 | $191,000 |
| 2022 | $191,000 | $217,000 |
| 2023 | $210,000 | $234,000 |
| 2024 | $213,000 | $245,000 |
| 2025 | $229,000 | $255,000 |
| 2026 | $228,000 | $260,000 |
| September 2026 | $237,000 | $265,000 |
A typical Hermann home worth $122K in February 2017 is worth about $237K today.
Zillow Home Value Index: the typical value of all homes (middle third), smoothed and seasonally adjusted, through September 2026.
A year’s rent takes 13% of area income
The calculator starts from the area income the grade uses. Switch to Hermann’s own median, or type yours.
That covers a typical Hermann home, with $12K to spare.
A two-bedroom rents for about $990 a month here, $430 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Hermann’s typical property tax (0.91% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $990
Renters already here pay a median of $721, 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 (St. Louis, MO-IL HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
18 new homes permitted in 2025
Builders were permitted 18 new homes in Hermann in 2025: 2 single-family houses and 16 in buildings with two or more homes, worth about $1.6 million to build. That's 7.9 per 1,000 residents, faster than across Missouri (3.7). Over the past 10 years, Hermann has permitted 54 homes in all.
Between the 2010 and 2020 censuses, Hermann's population fell by 246 even though 11 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Missouri: 1.1 new residents per new home.
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 10 | 0 | 10 | $594,000 |
| 2025 | 18 | 2 | 16 | $1.6 million |
| 2024 | 9 | 1 | 8 | $1.5 million |
| 2023 | 8 | 0 | 8 | $1 million |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 10 | 2 | 8 | $407,000 |
| 2020 | 4 | 1 | 3 | $345,000 |
| 2019 | 3 | 3 | 0 | $480,000 |
| 2018 | 1 | 1 | 0 | $205,000 |
| 2017 | 1 | 1 | 0 | $189,000 |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 1 | 1 | 0 | $132,000 |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 2 | 2 | 0 | $258,000 |
| 2011 | 2 | 2 | 0 | $475,000 |
| 2010 | 1 | 1 | 0 | $168,000 |
| 2009 | 5 | 5 | 0 | $827,000 |
| 2008 | 8 | 8 | 0 | $1.3 million |
| 2007 | 5 | 5 | 0 | $764,000 |
| 2006 | 13 | 13 | 0 | $1.9 million |
| 2005 | 24 | 24 | 0 | $3.2 million |
| 2004 | 11 | 11 | 0 | $1.4 million |
| 2003 | 5 | 5 | 0 | $615,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Low tax bills, but a high tax rate
The median bill is $1,738, under the Missouri median of $1,948, because homes cost less. As a share of value it’s 0.91% a year, against 0.85% statewide.
Census American Community Survey 2020–24: the median real-estate tax bill homeowners report, and that bill ÷ the median home value. Bills include town, school and county taxes. The Census reports bills over $10,000 only as “$10,000+”.
Hermann and its neighbors
One source per column.
Cost next door · one source per column
| Town | Cost | Typical home Zillow, September 2026 | Median value Census 2020–24 | Tax rate bill ÷ value | 2-bed rent HUD 2026 |
|---|---|---|---|---|---|
| Hermann | A− | $237K | $191K | 0.91% | $990 |
Questions about the cost of living in Hermann
Is Hermann expensive to live in?
Measured against what households in the area earn, Hermann costs less than 79% of U.S. towns: an A− for cost of living. The typical home costs 3.0 years of the median household income of Gasconade County, MO ($64K).
How much does a house cost in Hermann?
About $237K, Zillow’s typical value for September 2026, up 1.8% in a year. The Missouri typical home is $265K.
What salary do you need to live in Hermann?
To buy the typical home with 20% down at 6.3%, about $61,000 a year, keeping the payment (about $1,420 a month with tax and insurance) at 28% of income. To rent a two-bedroom at 30% of income, about $40,000.
How much is rent in Hermann?
HUD puts a two-bedroom at about $990 a month with utilities, the going rate for someone moving in. Renters already here pay a median of $721 (Census 2020–24).
What are property taxes in Hermann?
The median bill is $1,738 a year, 0.91% of the median home value (Missouri: $1,948, 0.85%), from the Census 2020–24.
Are home prices in Hermann going up?
Yes: up 1.8% in the past year and 32.4% in five years, against 26.3% across Missouri (Zillow).
Neighbors talk housing
What Hermann buyers, sellers and renters are saying.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, September 2026. Sales, days on market and supply: Redfin Data Center, September 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. The calculator is an estimate, not a loan offer. Regional price levels: BEA; electricity: EIA. How TownRatings grades cost of living.