Hereford, TX 79045 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Hereford, TX—79045

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$173,000

0.3% YoY Growth

Household Income

$54,200

4.0% YoY Growth

Days on Market

102

2.0% Shorter YoY

Home Price Forecast

0.6%

Median Rent

$1,200

3.7% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,200

9.1% YoY Growth

3-Bed Rent

$1,500

28.6% YoY Growth

Home Price Trends — Hereford, TX

As of Dec '25, the median home price in Hereford, TX is $173,000, with a year-over-year change of 0.3%. This indicates that home prices in Hereford, TX are flat. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$173,000	0.3%
Single Family	$173,000	0.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Hereford, TX

As of July '25, Rentcast reports the average rent in Hereford, TX is $1,300, with a year-over-year rent change of -3.7%. Per bedroom, the median rent as of July '25 in Hereford, TX is 2-bedrooms: $1,200, 3-bedrooms: $1,500. The most common rental property sizes in Hereford, TX are 2-bedroom and 3-bedroom, accounting for 38.4% and 35.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,200	$1,300
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,200	$1,200
3 Bed Rent	$1,500	$1,500
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

5.7%

1 Bedroom

8.5%

2 Bedrooms

38.4%

3 Bedrooms

35.5%

4 Bedrooms

11.9%

Property Listings — Hereford, TX

As of Dec '25, Realtor.com reports that the median days on market for a home in Hereford, TX is 87. This is a increase of 3.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 8.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$240,000	7.0%
Listing Count	89	60.0%
Listings as % of Homes	0.8%	60.0%
Days on Market	102	-2.0%

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Demographics — Hereford, TX

As of the latest ACS Survey released in 2023, Hereford, TX has a population of 18,400, which has decreased by -2.8% over the past 5 years. Hereford, TX is a popular place for families, as children make up 31.5% of the population. The area has a poorly educated workforce, with 11.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	18,400	-2.8%
% Under 18	31.5%	1.6%
% Seniors	12.9%	5.7%
% WFH	3.9%	44.4%
% w/ College Degree	11.4%	-7.3%

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As of the latest ACS Survey released in 2023, Hereford, TX is a predominantly hispanic area, with 76.9% of the population identifying as hispanic. The hispanic population has grown by 4.1% in the last 5 years. The second most common race or ethnicity in Hereford, TX is white, making up 20.8% of the population. Foreign-born residents account for 17.7% of the population in Hereford, TX, and this percentage has increased by 3.5% 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	20.8%	-12.2%
% Black	1.9%	90.0%
% Hispanic	76.9%	4.1%
% Asian	0.0%	-100.0%
% Foreign Born	17.7%	3.5%

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Mortgage and Risk — Hereford, TX

According to HUD data as of 2023, there were 176 mortgage originations in Hereford, TX, of which 56.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 49.0% above 90% LTV (very high). This implies large mortgage risk in Hereford, TX. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	176
% Conventional Loans	56.0%
% Government Loans	44.0%
% Investor Loans	3.0%
% Second Loans	0.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Hereford, TX

Hereford, TX lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	238
Total Units Section 8	238
% Rentals under Section 8	N/A
% Occupied Section 8	89.5%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$760
2 Bedroom	-$200	$1,200	$1,000
3 Bedroom	-$300	$1,500	$1,200
4 Bedroom	N/A	N/A	$1,660

Hereford, TX—79045

Key Metrics at a Glance

Home Price Trends — Hereford, TX

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hereford, TX

% of Rental Stock

Property Listings — Hereford, TX

Demographics — Hereford, TX

Race and Ethnicity

Mortgage and Risk — Hereford, TX

Mortgages

Rentals and Section 8 — Hereford, TX

Section 8 Market Size

Section 8 Opportunity

Affordability — Hereford, TX

Home Price to Income Ratio

Hereford, TX — ZIP Code Boundary Map

Nearby ZIP Codes

Friona, TX

Landergin, TX

Wildorado, TX

Gruhlkey, TX

Northwest Amarillo Ext., Amarillo, TX

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3
Median Home Price	$173,000
Median Household Income	$54,200

Hereford, TX—79045

Key Metrics at a Glance

Home Price Trends — Hereford, TX

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hereford, TX

% of Rental Stock

Property Listings — Hereford, TX

Demographics — Hereford, TX

Race and Ethnicity

Mortgage and Risk — Hereford, TX

Mortgages

Rentals and Section 8 — Hereford, TX

Section 8 Market Size

Section 8 Opportunity

Affordability — Hereford, TX

Home Price to Income Ratio

Hereford, TX — ZIP Code Boundary Map

Nearby ZIP Codes

Friona, TX

Landergin, TX

Wildorado, TX

Gruhlkey, TX

Northwest Amarillo Ext., Amarillo, TX

Frequently Asked Questions

What is the average home price in Hereford, TX 79045?

How have home prices in Hereford, TX 79045 changed over the past year?

What is the home price projection for Hereford, TX 79045?

What are the demographics of Hereford, TX 79045?

How long does it take homes to sell in Hereford, TX 79045?

What is the average rent price in Hereford, TX 79045?