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Hermantown city, MN

ZIP 55811 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55811

Median Home Value
$299,300
Median Rent
$1,202
Affordability Snapshot
$82,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,923/mo PITI).

19%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.8x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

20.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 55811 in Hermantown city, MN, a household would need roughly $82,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,923. That is roughly in line with the local median household income ($77,877). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
70.3%+7% vs US avg
x
Vacancy Rate
4.7%-54% vs US avg
x
Broadband Access
88.5%+2% vs US avg
x
4+ Bedrooms
5.2%-65% vs US avg
x
Built Pre-1939
5.9%-54% vs US avg
x
Built Post-2014
1.2%-83% vs US avg
x
Rent Burden >30%
30.2%-39% vs US avg
x
Mortgage-Free
34.6%-9% vs US avg
x
$299,300
Home Value
$1,202
Rent
1979
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached66.4%
  • 1-unit attached6.0%
  • 2-9 units5.8%
  • 10+ units19.9%
  • Mobile home & other2.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$299,300
Median rent$1,202
Owner-occupied70.3%
Vacant4.7%
Price-to-income3.8x
Est. income to buy$82,000