How many renters live in Hermann, Missouri?
The City of Hermann has 2,374 people living in 1,006 households.
There are 475 renters living in 285 renter households in this City. Renters make up 20.01 percent of the population living in Hermann.
What is the rental market like in Hermann, Missouri?
There are an estimated 1,105 housing units in the Hermann area. Of these, 291 units are rental homes, making up 26 percent of the housing market. For every renter household in Hermann, Missouri, there are 1 rental units.
What is the vacancy rate for rentals in Hermann?
The rental vacancy rate in Hermann is 2 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Hermann for each bedroom size?
Occupied Rental Units by Size in Hermann
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 19 | 133 | 60 | 62 | 11 |
Occupied Rental Units by Size in Hermann
A large number of apartments in Hermann have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Hermann are overburdened by housing costs?
Among renter households in this market, 39 percent have housing cost burden. Further, 9 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Hermann
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $601 to $1,326. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $601 |
| One BR | $607 |
| Two BR | $797 |
| Three BR | $964 |
| Four BR | $1,326 |
2024 Fair Market Rents in Hermann, Missouri
How many units are rented at Fair Market Rent (FMR) in Hermann?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 19 | 100 percent |
| One BR | 114 | 86 percent |
| Two BR | 37 | 62 percent |
Rental Units Below FMR in Hermann, Missouri
How many affordable rental units are in Hermann?
There are a variety of federal affordable housing programs serving households in Hermann, Missouri including the following:
| Federal Program | Unit Count |
| USDA Section 515 Rural Rental Housing | 50 |
Tracked Units by Federal Program in Hermann, Missouri
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Hermann, Missouri
Hermann features 50 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Hermann, Missouri
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hermann.
Housing Choice Vouchers in Hermann, Missouri
On average, Section 8 Housing Choice vouchers pay Hermann landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Hermann.
The maximum amount a voucher would pay on behalf of a low-income tenant in Hermann, Missouri for a two-bedroom apartment is between $717 and $877.
Sourced from federal housing data and AffordableHousingOnline.com research.
