Hearne, TX—77859
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hearne, TX
As of Oct '25, the median home price in Hearne, TX is $194,000, with a year-over-year change of 3.1%. This indicates that home prices in Hearne, TX are increasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $194,000 | 3.1% |
| Single Family | $193,000 | 3.8% |
| 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 — Hearne, TX
As of July '25, Rentcast reports the average rent in Hearne, TX is $1,280, with a year-over-year rent change of -13.5%. Per bedroom, the median rent as of July '25 in Hearne, TX is 2-bedrooms: $1,150, 3-bedrooms: $1,550. The most common rental property sizes in Hearne, TX are 2-bedroom and 3-bedroom, accounting for 51.8% and 31.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,280 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,050 | $1,150 |
| 3 Bed Rent | $1,500 | $1,550 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Hearne, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Hearne, TX is 75. This is a decrease of -8.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $226,000 | 3.0% |
Listing Count | 36 | 13.0% |
| Listings as % of Homes | 0.4% | 13.0% |
Days on Market | 75 | -8.0% |
Demographics — Hearne, TX
As of the latest ACS Survey released in 2023, Hearne, TX has a population of 7,520, which has increased by 10.2% over the past 5 years. Hearne, TX is a moderately popular place for families, as children make up 21.1% of the population. The area has a poorly educated workforce, with 14.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,520 | 10.2% |
% Under 18 | 21.1% | -20.7% |
% Seniors | 17.5% | 34.6% |
% WFH | 4.6% | 360.0% |
% w/ College Degree | 14.1% | 17.5% |
As of the latest ACS Survey released in 2023, Hearne, TX is a predominantly white area, with 40.2% of the population identifying as white. The white population has grown by 1.8% in the last 5 years. The second most common race or ethnicity in Hearne, TX is black, making up 29.9% of the population. Foreign-born residents account for 7.8% of the population in Hearne, TX, and this percentage has decreased by 22.0% 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 | 40.2% | 1.8% |
% Black | 29.9% | 15.4% |
% Hispanic | 29.8% | -12.1% |
% Asian | 0.0% | N/A |
% Foreign Born | 7.8% | -22.0% |
Mortgage and Risk — Hearne, TX
According to HUD data as of 2023, there were 83 mortgage originations in Hearne, TX, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 47.0% above 90% LTV (very high). This implies large mortgage risk in Hearne, TX. Investor activity is low, as 1.0% 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 | 83 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Hearne, TX
Hearne, TX lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 293 |
Total Units Section 8 | 143 |
% Rentals under Section 8 | 14.8% |
% Occupied Section 8 | 85.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $920 |
| 2 Bedroom | -$20 | $1,050 | $1,030 |
| 3 Bedroom | -$50 | $1,500 | $1,450 |
| 4 Bedroom | N/A | N/A | $1,540 |
Affordability — Hearne, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $194,000 |
| Median Household Income | $52,200 |