Hereford Metro Area, TX Housing

The housing market in the Hereford, TX Metro Area is thriving. The median value of a house in the area is $136,400, which is significantly lower than the US median value of $338,100. Furthermore, the one-year house appreciation rate in Hereford is more than double that of the US - 21.41% compared to 8.27%. This shows that homes in this area have been appreciating rapidly over the past year and may be a great investment opportunity for potential buyers.

The median home cost in Hereford Metro Area is $136,400. Home appreciation the last 10 years has been 61.7%. Home Appreciation in Hereford Metro Area is up 11.4%.

Average Age of Homes

- The median age of Hereford Metro Area real estate is 51 years old

The Rental Market in Hereford Metro Area

- Renters make up 29.3% of the Hereford Metro Area population
- 1.7% of houses and apartments in Hereford Metro Area, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Hereford, Texas	United States
	6,994.0	139,647,020.0
	53	42
	$136,400	$338,100
	11.4%	16.6%
	36.8%	57.0%
	61.7%	101.1%
	$14.53	$10.98
	$1,332	$2,690
	57.0%	57.4%
	13.3%	11.2%
	29.7%	31.4%
Vacant Housing
	1.7%	1.9%
	1.4%	0.4%
	0.9%	0.7%
	0.2%	0.4%
	0.2%	3.6%
	8.8%	4.1%
Value of Owner-Occupied Housing
	4.2%	2.6%
	15.5%	2.4%
	10.6%	2.8%
	14.9%	3.9%
	13.6%	4.5%
	22.2%	11.3%
	8.1%	13.0%
	6.3%	20.1%
	2.7%	13.6%
	1.1%	8.3%
	0.1%	9.7%
	0.4%	3.9%
	0.3%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	7.5%	13.6%
	7.5%	13.6%
	5.2%	13.6%
	8.6%	13.2%
	20.8%	14.8%
	5.2%	13.6%
	18.4%	10.0%
	6.3%	4.7%
	6.1%	12.2%

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