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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
N/A
2-Bed Rent
$1,200
9.1% YoY Growth
3-Bed Rent
$1,500
28.6% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

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 TypeMedian Home ValueYoY % Change
All Homes
$173,0000.3%
Single Family $173,0000.0%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		$207,0002.0%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    3.0%
    1 Bedroom
    4.7%
    2 Bedrooms
    30.4%
    3 Bedrooms
    44.7%
    4 Bedrooms
    15.2%
    5+ Bedrooms
    2.0%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,200$1,300
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $1,200$1,200
    3 Bed Rent $1,500$1,500
    4 Bed Rent N/AN/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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$240,0007.0%
    Listing Count
    		8960.0%
    Listings as % of Homes0.8%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.

    MetricLatest CensusYoY % 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

    MetricLatest Census5-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

    MetricZip 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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$760
    2 Bedroom-$200$1,200$1,000
    3 Bedroom-$300$1,500$1,200
    4 BedroomN/AN/A$1,660

    Affordability — Hereford, TX

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3
    Median Home Price$173,000
    Median Household Income$54,200

    Hereford, TX — ZIP Code Boundary Map

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    Frequently Asked Questions