What percentage of people rent in Hermon, ME?
24.8% (±6.3 points) of the occupied homes in Hermon, ME are rented (2020–2024 American Community Survey).
That is 669 renting households against 2,032 that own their home.
In Hermon, the share of households that rent went from 24.2% in 2015–2019 to 24.8% in 2020–2024 (+0.6 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 24.8% (±6.3 points)
- Renting households
- 669 (±178)
- Median renter income
- $65,216 (±$20,896)
Who rents and who owns in Hermon
| Hermon | Penobscot County | Maine | United States | |
|---|---|---|---|---|
| Renter-occupied share | 24.8% (±6.3 points) | 29.5% (±1.4 points) | 25.7% (±0.4 points) | 34.8% |
| Renting households | 669 (±178) | 19,211 (±946) | 153,586 (±2,467) | 45,017,354 |
| Owning households | 2,032 (±234) | 46,010 (±969) | 443,573 (±3,445) | 84,210,142 |
| Average renter household size | 2.3 (±0.6) | 2.0 (±0.1) | 1.9 (±0.0) | 2.3 |
| Average owner household size | 2.6 (±0.2) | 2.4 (±0.0) | 2.4 (±0.0) | 2.6 |
| Median renter household income | $65,216 (±$20,896) | $38,518 (±$2,423) | $44,257 (±$1,278) | $52,966 |
| Median owner household income | $112,857 (±$17,397) | $81,825 (±$3,359) | $88,635 (±$995) | $100,009 |
In Hermon, the renter share is not measurably different from Penobscot County (29.5%).
It is not measurably different from Maine (25.7%).
It is lower than the national figure (34.8%).
In Penobscot County, Hermon ranks 10 of 58 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 82 of 482.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Hermon has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 24.2% (±6.4 points) | 24.8% (±6.3 points) | +0.6 percentage points | Not a measurable change |
| Median gross rent | $907 (±$168) | $1,406 (±$202) | +55.0% | Up after inflation |
| Median household income | $72,865 (±$7,535) | $96,629 (±$22,354) | +32.6% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Households that rent in places near Hermon
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Hermon | — | 24.8% (±6.3 points) | — |
| Carmel | 4.4 mi | 12.1% (±5.3 points) | Lower |
| Levant | 5.5 mi | 18.6% (±7.4 points) | Not measurably different |
| Glenburn | 6.1 mi | 18.3% (±8.2 points) | Not measurably different |
| Hampden | 6.3 mi | 14.3% (±5.3 points) | Lower |
| Hampden (community) | 6.3 mi | 16.4% (±6.8 points) | Not measurably different |
| Bangor | 6.3 mi | 52.8% (±3.2 points) | Higher |
| Kenduskeag | 6.6 mi | 16.6% (±7.1 points) | Not measurably different |
| Newburgh | 9.2 mi | 18.8% (±4.8 points) | Not measurably different |
Nearby places with a measurably lower figure: Carmel, ME (12.1%), Hampden, ME (14.3%).
Nearby places with a measurably higher figure: Bangor, ME (52.8%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Penobscot County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 4 | Brewer | 40.3% (±5.6 points) |
| 5 | Dexter | 33.7% (±8.4 points) |
| 6 | Veazie | 27.9% (±9.1 points) |
| 7 | Newport | 27.7% (±7.8 points) |
| 8 | Lagrange | 27.5% (±10.8 points) |
| 9 | Lincoln | 27.4% (±10.8 points) |
| 10 | Hermon | 24.8% (±6.3 points) |
| 11 | Mattawamkeag | 23.9% (±9.9 points) |
| 12 | Chester | 22.9% (±12.2 points) |
| 13 | Howland | 22.1% (±9.4 points) |
| 14 | Woodville | 20.8% (±25.5 points) |
| 15 | East Millinocket | 20.7% (±5.5 points) |
| 16 | Eddington | 19.4% (±8.3 points) |
Showing 13 of 58 places in Penobscot County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Hermon
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Questions about Hermon
How many renters are there in Hermon?
Hermon has an estimated 669 (±178) renting households, 24.8% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Hermon?
In Hermon, the share of households that rent went from 24.2% in 2015–2019 to 24.8% in 2020–2024 (+0.6 percentage points), not a measurable change.
How big are renting households in Hermon?
A renting household in Hermon has 2.3 people on average, against 2.6 in an owned home.
How much do renters earn in Hermon?
The median renting household in Hermon, ME has an income of $65,216 (±$20,896) a year, against $112,857 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Hermon town, Penobscot County, Maine
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Hermon town, Penobscot County, Maine
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Hermon town, Penobscot County, Maine
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Hermon town, Penobscot County, Maine
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Hermon town, Penobscot County, Maine
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Hermon town, Penobscot County, Maine (county subdivision:32510, in state:23 county:019).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Hermon at a glance
- Median rent in Hermon
- Rent by bedrooms in Hermon
- Income and affordability in Hermon
- Home values in Hermon
- Homeowner costs in Hermon
- Property taxes in Hermon
- Types of homes in Hermon
- Bedrooms in Hermon
- Age of homes in Hermon
- Heating fuel in Hermon
- Commute and cars in Hermon
- Population growth in Hermon
- How long people stay in Hermon
- Maine landlord and tenant rules
- Housing across Penobscot County
- Maine places ranked by share of renters
- Housing data for every place in Maine