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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 $307,038, higher than the South Dakota average of $268,202.
The average cost of rent is $956/mo in Hereford, primarily driven by the current value of real estate in the Hereford area. In Hereford, 50.41% of households rent, and 89.67% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hereford is $4,494 per month. Households that rent pay about 21.27% of their income on rent here. Hereford’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Enning, SD: equally priced homes
- Opal, SD: equally priced homes
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- Viewfield, SD: equally priced homes
- Volunteer, SD: equally priced homes
- Elm Springs, SD: equally priced homes
- Redowl, SD: equally priced homes
- Ellsworth Afb, SD: less expensive homes
- New Underwood, SD: less expensive homes
- Wicksville, SD: equally priced homes
Cities with Similar Populations
- Cantil, CA: less expensive homes
- Stringtown, PA: less expensive homes
- Stroudsville, TN: equally priced homes
- Sun City, KS: less expensive homes
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- Sunset, AZ: less expensive homes
- Swan Lake, MS: higher priced homes
- Swenson, TX: less expensive homes
- Taconite Harbor, MN: higher priced homes
- Coal Bluff, AL: less expensive homes
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