Hico, TX—76457
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hico, TX
Hico, TX lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $345,000 | 3.7% |
| Single Family | $345,000 | 3.0% |
| 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 | $318,000 | 5.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hico, TX
As of July '25, Rentcast reports the average rent in Hico, TX is $2,030, with a year-over-year rent change of 4.1%. Per bedroom, the median rent as of July '25 in Hico, TX is 2-bedrooms: $2,120, 3-bedrooms: $1,750. The most common rental property sizes in Hico, TX are 3-bedroom and 1-bedroom, accounting for 40.4% and 29.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $2,030 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,500 | $2,120 |
| 3 Bed Rent | $1,750 | $1,750 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Hico, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Hico, TX is 118. This is a decrease of -15.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $290,000 | -14.0% |
Listing Count | 34 | 33.0% |
| Listings as % of Homes | 1.3% | 33.0% |
Days on Market | 118 | -15.0% |
Demographics — Hico, TX
As of the latest ACS Survey released in 2023, Hico, TX has a population of 4,450, which has increased by 18.2% over the past 5 years. Hico, TX is a moderately popular place for families, as children make up 23.4% of the population. The area has a poorly educated workforce, with 24.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,450 | 18.2% |
% Under 18 | 23.4% | 3.1% |
% Seniors | 21.5% | -10.0% |
% WFH | 13.3% | 259.5% |
% w/ College Degree | 24.3% | 60.9% |
As of the latest ACS Survey released in 2023, Hico, TX is a predominantly white area, with 79.0% of the population identifying as white. The white population has grown by 1.7% in the last 5 years. The second most common race or ethnicity in Hico, TX is hispanic, making up 17.5% of the population. Foreign-born residents account for 8.3% of the population in Hico, TX, and this percentage has increased by 1.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 79.0% | 1.7% |
% Black | 2.3% | 360.0% |
% Hispanic | 17.5% | -8.9% |
% Asian | 0.1% | -66.7% |
% Foreign Born | 8.3% | 1.2% |
Mortgage and Risk — Hico, TX
According to HUD data as of 2023, there were 57 mortgage originations in Hico, TX, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Hico, TX. Investor activity is low, as 4.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 57 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 4.0% |
% Second Loans | 9.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Hico, TX
Hico, TX lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 50 |
Total Units Section 8 | 0 |
% 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 | $840 |
| 2 Bedroom | -$390 | $1,500 | $1,110 |
| 3 Bedroom | -$300 | $1,750 | $1,450 |
| 4 Bedroom | N/A | N/A | $1,710 |
Affordability — Hico, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $345,000 |
| Median Household Income | $64,100 |