Quick facts: Herman, NE

Quick Facts

94.7
Cost of Living
below US average
245
Population
Crime rate Data is updating, will be available soon
$65,000
Median Income
below US average
$180,000
Median House Price
above US average
$1313
Average Rent
below US average
Poverty rate Data is updating, will be available soon
Unemployment Data is updating, will be available soon

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $65,000.

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Income Needed to Buy

βœ“ Affordable
$56k/year
Based on $180,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($65,000) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$56k/year
Based on $1313/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($65,000) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Herman, NE

Herman, Nebraska is a small village located in Washington County. With a population of approximately 350 residents, it offers a tight-knit community atmosphere. Nestled along the banks of the Missouri River, Herman is surrounded by natural beauty, including rolling hills and lush farmland, making it an appealing location for those who appreciate a rural lifestyle. The village is primarily residential, with a small number of local businesses that cater to the community’s needs. It provides essential services and amenities while promoting a peaceful, country living experience. Residents often engage in outdoor activities, enjoying the picturesque landscape for hiking, fishing, and farming. Herman is part of the larger Omaha-Council Bluffs metropolitan area, allowing residents to access the urban amenities and job opportunities of larger cities while maintaining the charm of small-town living. Schools in the area are served by the Washington County School District, providing education options for families. Overall, Herman is ideal for individuals seeking tranquility and a strong sense of community in Nebraska’s scenic landscape.

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