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These days, finding an affordable place to live in the Hico area can be challenging. Home prices in Hico are now at a median cost of $240,406, lower than the Texas average of $322,096.
The average cost of rent is $1,019/mo in Hico, primarily driven by the current value of real estate in the Hico area. In Hico, 21.07% of households rent, and 58.80% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hico is $6,042 per month. Households that rent pay about 16.86% of their income on rent here. Hico’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Duffau, TX: higher priced homes
- Carlton, TX: equally priced homes
- Iredell, TX: less expensive homes
- Fairy, TX: less expensive homes
- Olin, TX: less expensive homes
- Purves, TX: less expensive homes
- Walnut Springs, TX: less expensive homes
- Siloam, TX: less expensive homes
- Edna Hill, TX: less expensive homes
- Dublin, TX: less expensive homes
Cities with Similar Populations
- Rose Bud, AR: less expensive homes
- Eden, MD: higher priced homes
- Edmore, MI: less expensive homes
- Dermott, AR: less expensive homes
- Copper Hill, VA: less expensive homes
- Valley Forge, PA: higher priced homes
- Central City, IA: less expensive homes
- Canyonville, OR: higher priced homes
- Calhoun Falls, SC: less expensive homes
- Broxton, GA: less expensive homes
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