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These days, finding an affordable place to live in the Hereford area can be challenging. Home prices in Hereford are now at a median cost of $249,756, lower than the Arizona average of $421,436.
The average cost of rent is $1,076/mo in Hereford, primarily driven by the current value of real estate in the Hereford area. In Hereford, 5.29% of households rent, and 59.76% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hereford is $5,728 per month. Households that rent pay about 18.78% of their income on rent here. Hereford’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Miracle Valley, AZ: higher priced homes
- Palominas, AZ: less expensive homes
- Sierra Vista Southeast, AZ: higher priced homes
- Nicksville, AZ: higher priced homes
- Naco, AZ: less expensive homes
- Don Luis, AZ: less expensive homes
- Bisbee, AZ: less expensive homes
- Bisbee Junction, AZ: less expensive homes
- Lochiel, AZ: higher priced homes
- Paul Spur, AZ: less expensive homes
Cities with Similar Populations
- Bokchito, OK: less expensive homes
- Udall, KS: less expensive homes
- Tuscola, MI: less expensive homes
- Subiaco, AR: less expensive homes
- Currie, NC: less expensive homes
- Cuddebackville, NY: equally priced homes
- Creston, NC: less expensive homes
- Columbia, AL: less expensive homes
- Clifford, MI: less expensive homes
- Towaoc, CO: equally priced homes
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