Home prices
The median home in Hereford costs $90,500. In comparison to its nearby areas this is about $22,840 (20%) lower.It is roughly $127,000 (58%) lower compared to the entire country, and compared to the city of Amarillo is roughly $42,000 (31%) lower.
Rents
The median rent in Hereford is $790 per month. Compared to other places in this area it is about $73 (10%) higher.It is roughly $272 (25%) lower in comparison to the country as a whole, and it is about $60 (7%) lower compared to the city of Amarillo.
Nearby places
Friona
Friona is about 20 miles southwest from Hereford. The real estate prices there are a little less expensive. The median home in Friona costs $78,500, which comes out to $12,000 (15%) lower than Hereford. Its rents are a bit less expensive. The median rent in Friona is $733 a month, which works out to $57 (7%) lower than Hereford.
Dimmitt
Dimmitt is approximately 21 miles south from Hereford. Housing prices there are somewhat less expensive. The median home value in Dimmitt is $81,700, which works out to $8,800 (10%) lower than Hereford. Rent there is somewhat less expensive. Dimmitt's median rent is $644 a month, which works out to $146 (22%) lower than Hereford.
Nazareth
Nazareth is approximately 25 miles southeast from Hereford. Its real estate prices are substantially more expensive. The median home in Nazareth costs $172,900, which comes out to $82,400 (47%) higher than Hereford. Its rents are a lot less expensive. In Nazareth the median rent is $560 a month, which works out to $230 (41%) lower than Hereford.
Canyon
Canyon is approximately 26 miles northeast from Hereford. The housing prices there are significantly more expensive. The value of the median home in Canyon is $162,700, which is $72,200 (44%) higher than Hereford. Rent there is somewhat more expensive. In Canyon the median rent is $844 per month, which is $54 (6%) higher than Hereford.
Happy
Happy is approximately 27 miles east of Hereford. Real estate prices there are somewhat less expensive. The cost of the median home in Happy is $70,900, which works out to $19,600 (27%) lower than Hereford. Rents there are similar. In Happy the median monthly rent is $802, which is $12 (1%) higher than Hereford.
