Expensive
Affordable
Affordable
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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 $344,216, lower than the Colorado average of $579,698.
The average cost of rent is $1,152/mo in Hereford, primarily driven by the current value of real estate in the Hereford area. In Hereford, 25.40% of households rent, and 60.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hereford is $4,111 per month. Households that rent pay about 28.03% of their income on rent here. Hereford’s most expensive areas are in the southwestern 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
- Grover, CO: equally priced homes
- Carpenter, WY: higher priced homes
- Egbert, WY: less expensive homes
- Burns, WY: equally priced homes
- Hillsdale, WY: higher priced homes
- Pine Bluffs, WY: equally 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: less expensive homes
- McKendree, VA: less expensive homes
- McKinley Park, AK: less expensive 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: less expensive homes
- Mechanicsville, OH: less expensive homes
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