The typical owner-occupied home in Mount Hermon is worth about $1,003,100, 37% above the California median of $734,700 and 3.0 times the national median of $332,700. Owners pay a median $4,929 a year in property taxes, about 0.49% of their home's value, lower than the California rate of 0.70%. The median household earns $157,604 a year, so the median home costs 6.4 times the median income (7.4 times for California). 67% of occupied homes here are lived in by their owners, and 75% of those owners still have a mortgage.
Mount Hermon at a glance
| Mount Hermon | California | U.S. | |
|---|---|---|---|
| Median home value | $1,003,100 | $734,700 | $332,700 |
| Median property tax paid per year | $4,929 | $5,124 | $3,119 |
| Property tax as a share of value | 0.49% | 0.70% | 0.94% |
| Median household income | $157,604 | $99,122 | $80,734 |
| Homes lived in by their owners | 67% | 56% | 65% |
| Owner homes with a mortgage | 75% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $3,513 | $2,946 | $1,963 |
| Those costs as a share of the owners' income | 22.4% | 24.8% | 21.0% |
| Median rent | $1,394 | $2,036 | $1,413 |
| Rent as a share of renters' income | 13.5% | 32.8% | 30.6% |
| Median year homes were built | 1947 | 1976 | 1980 |
| Vacant homes | 24.9% | 7.5% | 10.1% |
| Population | 939 | 39,287,377 | 334,922,499 |
What a typical home costs per month in Mount Hermon
At this week's average 30-year rate of 7.11%, buying the median Mount Hermon home of $1,003,100 with 20% down costs about $6,226 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $8,058, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $266,824 for the 20%-down payment. That payment is 47% of the median Mount Hermon household income of $157,604; at that income and 20% down, the 28% guideline points to a home of about $592,000.
The median rent here is $1,394 a month, so owning the median home costs about $4,832 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $200,620 |
|---|---|
| Loan amount | $802,480 |
| Principal and interest | $5,398 |
| Property taxes (0.49% a year) | $410 |
| Homeowners insurance (our estimate, 0.5% a year) | $418 |
| PMI | $0 |
| Total per month | $6,226 |
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| Down payment | $35,108 |
|---|---|
| Loan amount | $984,931 |
| Principal and interest | $6,626 |
| Property taxes (0.49% a year) | $410 |
| Homeowners insurance (our estimate, 0.5% a year) | $418 |
| FHA mortgage insurance | $605 |
| Total per month | $8,058 |
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Questions about home buying in Mount Hermon
What is the median home value in Mount Hermon?
About $1,003,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Mount Hermon?
Homeowners pay a median $4,929 a year, which is about 0.49% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Mount Hermon?
For the median home with 20% down at 7.11%, the payment is about $6,226 a month. Keeping that under 28% of gross income takes about $266,824 a year.
More about Mount Hermon
- Mortgage Refinance in Mount Hermon
- Debt Relief in Mount Hermon
- Home Equity Loans in Mount Hermon
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data