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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 $122,143, lower than the Texas average of $322,096.
The average cost of rent is $916/mo in Hereford, primarily driven by the current value of real estate in the Hereford area. In Hereford, 33.23% of households rent, and 66.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hereford is $5,377 per month. Households that rent pay about 17.03% of their income on rent here. Hereford’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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