Total monthly cost of ownership
Cost to Own a Home in Hermann, Missouri
A $175,000 home here costs
$1,553per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $66,500 a year.
A standard mortgage calculator would have told you $954. The real number is $599 higher every month, 63% more than the payment most buyers budget for.
Compare Gasconade County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Hermann from a five-year rolling sample, and with about 2,550 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Gasconade County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Hermann against Gasconade County and Missouri
| Measure | Hermann | Gasconade County |
|---|---|---|
| Median home value | $175,100 | $168,900 |
| Median property tax | $1,605 | $1,238 |
| Effective tax rate | 0.917% | 0.733% |
| Median gross rent | $782 | $671 |
| Population | 2,550 | 14,774 |
The weather behind that power bill
Hermann sits in Gasconade County, which averages a high of 87.4°F in its hottest month and a low of 18.0°F in its coldest, with 45.19" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 1,028 cooling and 5,353 heating degree days, which is what sets the $160 electricity line above.
See the full climate breakdown for Gasconade County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Gasconade County
Full Gasconade County cost breakdown · Every county in Missouri
Talk to someone who works this market
These are Hermann averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Hermann every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Hermann I already own here and may sell
Common questions
How much does it cost to own a home in Hermann?
A $175,000 home in Hermann, Missouri costs approximately $1,553 per month with 20% down at 7.24%. That is $954 principal and interest, $134 property tax, $91 homeowners insurance, $228 utilities and $146 set aside for maintenance.
What is the property tax rate in Hermann?
Hermann has an effective property tax rate of 0.917%, based on a median home value of $175,100 and median real estate taxes of $1,605. That is higher than the Gasconade County average of 0.733%.
What is the average home price in Hermann?
The median owner-occupied home value in Hermann, Missouri is $175,100, against $168,900 across Gasconade County.
Is it cheaper to rent or buy in Hermann?
Median gross rent in Hermann is $782 a month, against $1,553 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Hermann?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Hermann, Missouri at today's rate takes a household income of roughly $66,500 a year. That covers the full $1,553 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Hermann, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Missouri.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.