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 $97,689, lower than the Texas average of $235,268.
The average cost of rent is $735/mo in Hereford, primarily driven by the current value of real estate in the Hereford area. While nearly 63.56% of residents own their homes outright in Hereford, 34.94% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hereford is $4,314 per month. Households that rent pay about 17.03% of their income on rent here. Hereford's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Summerfield, TX: equally priced homes
- Westway, TX: higher priced homes
- Dawn, TX: higher priced homes
- Umbarger, TX: higher priced homes
- Canyon, TX: higher priced homes
- Happy, TX: higher priced homes
- Ogg, TX: higher priced homes
- Rhea, TX: higher priced homes
- Bellview, NM: higher priced homes
- Broadview, NM: higher priced homes
Cities with Similar Populations
- Larchmont, NY: higher priced homes
- Plain City, OH: higher priced homes
- Pinecrest, FL: higher priced homes
- Pinckney, MI: higher priced homes
- Pickens, SC: higher priced homes
- Perry, FL: equally priced homes
- Linda, CA: higher priced homes
- Lewisburg, TN: higher priced homes
- Lewisburg, PA: higher priced homes
- Laurens, SC: higher priced homes
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