Hereford, PA—18056
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hereford, PA
As of Oct '25, the median home price in Hereford, PA is $324,000, with a year-over-year change of 0.1%. This indicates that home prices in Hereford, PA are flat. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $324,000 | 0.1% |
| Single Family | $325,000 | -0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hereford, PA
Hereford, PA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Hereford, PA
Hereford, PA lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | N/A | N/A |
Listing Count | N/A | N/A |
| Listings as % of Homes | 0.2% | N/A |
Days on Market | N/A | N/A |
Demographics — Hereford, PA
As of the latest ACS Survey released in 2023, Hereford, PA has a population of 1,620, which has increased by 142.6% over the past 5 years. Hereford, PA is a moderately popular place for families, as children make up 19.8% of the population. The area has a poorly educated workforce, with 24.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 50.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,620 | 142.6% |
% Under 18 | 19.8% | 72.2% |
% Seniors | 11.5% | -59.1% |
% WFH | 50.2% | ∞% |
% w/ College Degree | 24.7% | 177.5% |
As of the latest ACS Survey released in 2023, Hereford, PA is a predominantly white area, with 51.5% of the population identifying as white. The white population has shrunk by 44.1% in the last 5 years. The second most common race or ethnicity in Hereford, PA is hispanic, making up 46.5% of the population. Foreign-born residents account for 1.4% of the population in Hereford, PA, and this percentage has decreased by 70.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 51.5% | -44.1% |
% Black | 0.0% | -100.0% |
% Hispanic | 46.5% | 488.6% |
% Asian | 1.4% | ∞% |
% Foreign Born | 1.4% | -70.8% |
Mortgage and Risk — Hereford, PA
According to HUD data as of 2023, there were 46 mortgage originations in Hereford, PA, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 86.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Hereford, PA. Investor activity is low, as 0.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 46 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Hereford, PA
Hereford, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,510 |
| 2 Bedroom | N/A | N/A | $1,900 |
| 3 Bedroom | N/A | N/A | $2,370 |
| 4 Bedroom | N/A | N/A | $2,520 |
Affordability — Hereford, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $324,000 |
| Median Household Income | $70,000 |