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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 $531,841, higher than the Maryland average of $450,578.
The average cost of rent is $1,354/mo in Hereford, primarily driven by the current value of real estate in the Hereford area. In Hereford, 5.90% of households rent, and 44.01% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hereford is $10,702 per month. Households that rent pay about 12.65% of their income on rent here. Hereford’s most expensive areas are in the central 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
- Monkton, MD: higher priced homes
- Sparks Glencoe, MD: equally priced homes
- Parkton, MD: equally priced homes
- White Hall, MD: equally priced homes
- Phoenix, MD: higher priced homes
- Freeland, MD: equally priced homes
- Cockeysville, MD: equally priced homes
- Jarrettsville, MD: less expensive homes
- Baldwin, MD: higher priced homes
- Upperco, MD: equally priced homes
Cities with Similar Populations
- Murdock, OH: less expensive homes
- Millerton, KS: less expensive homes
- Millerville, LA: less expensive homes
- Milltown, AL: less expensive homes
- Millwood, MO: less expensive homes
- Milo Center, NY: less expensive homes
- Mincy, MO: less expensive homes
- Mine La Motte, MO: less expensive homes
- Mineola, MO: less expensive homes
- Mineral Park, TN: less expensive homes
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