Home Price Key
Affordable
Average
Expensive
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 $178,049, lower than the Colorado average of $430,259.
The average cost of rent is $697/mo in Hereford, primarily driven by the current value of real estate in the Hereford area. While nearly 63.50% of residents own their homes outright in Hereford, 28.18% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hereford is $4,562 per month. Households that rent pay about 15.27% of their income on rent here. Hereford's most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Grover, CO: equally priced homes
- Carpenter, WY: higher priced homes
- Egbert, WY: higher priced homes
- Burns, WY: higher priced homes
- Hillsdale, WY: higher priced homes
- Pine Bluffs, WY: higher priced homes
- Keota, CO: higher priced homes
- Cornish, CO: higher priced homes
- Purcell, CO: higher priced homes
- Briggsdale, CO: higher priced homes
Cities with Similar Populations
- Monarch, UT: equally priced homes
- McKendree, VA: less expensive homes
- McKinley Park, AK: higher priced homes
- McLeod, MS: less expensive homes
- Mcleod, ND: less expensive homes
- McNab, AR: less expensive homes
- McPherron, PA: less expensive homes
- Meadow Creek, WV: less expensive homes
- Meadows, IL: equally priced homes
- Mechanicsville, OH: higher priced homes
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