Hereford, TX Housing Market
AI-powered market intelligence for the Hereford, TX metro area.
PropertyIQ Scores
Hereford, TX Market Analysis
Market Overview
Hereford, TX is currently positioned as a weak real estate market, with a PropertyIQ Score of 18 out of 100. This low score is driven by mixed price momentum, a relatively long median days on market of 97 days, and a 12.5% share of listings with a price cut. The median home value in Hereford is $178,104, significantly below the state average of $301,806. The rent index is $919, compared with a state average of $1,339, and median household income is $54,114, well below the state average of $76,292. The unemployment rate, however, matches the state level at 4.4%.
The score drivers paint a picture of a market with limited near-term momentum. The 12-month home value momentum is 3.93%, but the 3-month momentum is -1.78%, indicating prices have recently pulled back after modest annual growth. The median home value change over the past year is only $4, which is effectively flat. These figures, combined with a median days on market of 97 days, suggest that homes are selling slowly relative to more active markets. In short, Hereford’s housing market is affordable by state comparison, but the activity indicators point to soft demand.
Key Trends
One key trend is the recent softening in home price momentum. The median home value of $178,104 sits far below the state average of $301,806, yet the market has not shown strong upward movement. The 12-month home value momentum of 3.93% suggests some prior appreciation, but the 3-month momentum of -1.78% shows a decline over the most recent quarter. The year-over-year median home value change of $4 reinforces that prices have been essentially flat rather than experiencing meaningful growth.
A second trend is the slower pace of sales. With 70 homes for sale and a median days on market of 97 days, properties are taking more than three months on average to go under contract. Additionally, 12.5% of listings have had a price cut, which indicates that sellers are adjusting expectations to attract buyers. This level of price cutting and extended time on market suggests a buyer-friendly environment rather than a competitive seller’s market.
A third trend is the affordability gap relative to state benchmarks. The median home value in Hereford is about 41% below the state average, and the rent index of $919 is about 31% below the state average of $1,339. However, median household income is also about 29% below the state average at $54,114 versus $76,292. This means housing costs are lower in absolute terms, but local incomes are also lower, which may partially offset the affordability advantage for residents.
A fourth trend is the rental market’s lower price point. The rent index of $919 is well below the state average of $1,339, making Hereford relatively inexpensive for renters. For an investor, the lower home value of $178,104 combined with a rent index of $919 could imply a modest rental yield before expenses, but the slow sales pace and price cut activity suggest that rental demand and exit liquidity should be evaluated carefully. Population growth data is not available, so demographic-driven rental demand cannot be confirmed from the provided metrics.
Who Is This Market For
This market is likely best suited for first-time homebuyers and budget-conscious owner-occupants who want a lower purchase price relative to the state average. The median home value of $178,104 is significantly more accessible than the state average of $301,806, but the lower median household income of $54,114 means local buyers may still face affordability constraints. Buyers who can work remotely or who are not dependent on local wage growth may find greater value here.
Long-term rental investors may also consider Hereford because of the relatively low entry price and a rent index of $919, which could support cash flow depending on operating costs. However, the 97-day median days on market and 12.5% share of listings with a price cut indicate that resale may be slow, making this less suitable for short-term flippers or investors who need quick exits. Move-up buyers seeking strong appreciation or rapid equity gains are unlikely to find the momentum they need, given the flat year-over-year median home value change of $4 and the recent negative three-month price momentum.
Outlook
The near-term outlook for Hereford is cautious. The data show a flat year-over-year median home value change of $4, a recent three-month home value momentum of -1.78%, and a median days on market of 97 days. These indicators suggest that home prices are more likely to remain soft than to accelerate in the immediate future. The 12-month momentum of 3.93% shows some prior stability, but the negative three-month reading points to fading price support. With 12.5% of listings experiencing price cuts and 70 homes for sale, buyers may continue to have negotiating power. The unemployment rate matching the state average at 4.4% offers some economic stability, but lower local income and unavailable population growth data limit any strong upside signal. Based strictly on the provided metrics, the market does not currently show the conditions that would support rapid appreciation or a sharp increase in sales activity.
AI-generated analysis based on current market data. Last updated August 19, 2026.
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Hereford, TX market data
Hereford, TX Housing Market Overview
Hereford, TX's median home value is $178K, up 3.9% over the past year. Homes here sell in a median 97 days. Its PropertyIQ Score of 18 sits below the state average of 50, marking a market positioned to lag its state over the next three years.
Whether you're considering buying a home, investing in rental property, or weighing entry timing in the Hereford, TX area, the PropertyIQ Score gives you a single, data-first read on relative market strength. It is validated against actual market outcomes from 2001 to 2023, with a positive score-to-return relationship in every validated year across TX and every other US state.
South Central housing markets are propelled by energy sector economics, corporate relocations, and rapid population growth. Texas metros in particular have seen explosive expansion, though affordability pressures are emerging in the fastest-growing areas. Within the South Central, Hereford, TX's PropertyIQ Score of 18 runs below the South Central norm.
Texas continues to be one of America's top relocation destinations, with no state income tax and a business-friendly regulatory environment driving corporate headquarters relocations and population growth.
For the Hereford, TX market, PropertyIQ calculates a single score each month from four inputs: twelve-month Zillow home-value momentum, three-month Zillow home-value momentum, median days on market from Realtor.com, and the Realtor.com price-reduced share. The score is computed nationally across all metros and calibrated so 50 equals the state average. Across the validation history, metro markets in the top score band have outperformed their state by roughly 1.7 percentage points more per year than bottom-band markets. Momentum here has been positive, with home values up 3.9% over the past year.
Explore the interactive map to see how Hereford, TX compares to neighboring metros, or view the full market dashboard for detailed analytics including time-series trends, score breakdowns, and AI-generated market reports.
Counties in the Hereford, TX metro area
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Market data through July 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Hereford, TX a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Hereford, TX currently scores 18, a very weak-momentum reading that leaves it positioned to lag its state over the next three years. For buyers, cooling demand usually brings more inventory, longer sale times, and real leverage to negotiate on price. Backing that up, the median home value here is $178K, up 3.9% over the past year. So whether Hereford, TX is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Hereford, TX?
Hereford, TX's PropertyIQ Score is 18, indicating very weak momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 18 places Hereford, TX below its state benchmark.
Are home prices in Hereford, TX rising or falling?
Home prices in Hereford, TX are rising. Over the past year, the median home value increased 3.9%, reaching $178K. Over the latest three months, values slipped 1.8%, a sign near-term demand is softening. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Hereford, TX's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Hereford, TX?
In Hereford, TX, homes sell in a median of 97 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 13% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Hereford, TX market data is refreshed on a monthly cycle, with the latest figures current through July 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.