56248, Herman, MN

The 56248 zip code of Herman, MN has a median home value of $163,000 and a median home equity value of $137,000. The median household income in this zip code is $53,500. This zip code has a population of about 1,700 people.

Herman is located in the Twin Cities metropolitan area and has been growing rapidly in recent years. The city's economy is based on health care, technology and higher education. There are many new businesses and homes being built in Herman, which is likely contributing to the high home values and home equity values in this zip code.

Home prices have been increasing steadily over the past few years in Herman. The average increase from January to December 2017 was 8%. This compares favorably with the national average increase of only 2%. It seems that there are plenty of buyers and sellers active in this market, which is likely driving up prices.