Much like its nearby areas, it is substantially less expensive compared to the entire nation. Compared to the city of Dallas, it is a lot less expensive.
Home prices
The value of the median home in Hico is $80,300. This is approximately $2,220 (2%) lower compared to other places in this area.It is roughly $137,200 (63%) lower in comparison to the nation as a whole, and it is about $107,800 (57%) lower in comparison to the city of Dallas.
Rents
In Hico the median monthly rent is $681. In comparison to nearby areas it is approximately $37 (5%) lower.It is roughly $381 (35%) lower compared to the United States as a whole, and in comparison to the city of Dallas is roughly $371 (35%) lower.
Nearby places
Iredell
Iredell is about 8 miles east from Hico. Housing prices there are similar. The median home in Iredell is valued at $78,700, which is $1,600 (2%) lower than Hico. The rent there is a bit less expensive. The median monthly rent in Iredell is $638, which is $43 (6%) lower than Hico.
Walnut Springs
Walnut Springs is about 15 miles east of Hico. The real estate prices there are a little less expensive. The value of the median home in Walnut Springs is $69,300, which comes out to $11,000 (15%) lower than Hico. Rents there are a little more expensive. The median monthly rent in Walnut Springs is $813, which comes out to $132 (16%) higher than Hico.
Cranfills Gap
Cranfills Gap is roughly 18 miles southeast from Hico. The housing prices there are a lot less expensive. The price of the median home in Cranfills Gap is $45,800, which is $34,500 (75%) lower than Hico. Rent there is significantly less expensive. The median rent in Cranfills Gap is $513 a month, which works out to $168 (32%) lower than Hico.
Stephenville
Stephenville is approximately 19 miles northwest of Hico. The real estate prices there are significantly more expensive. The median home price in Stephenville is $141,500, which comes out to $61,200 (43%) higher than Hico. The rent there is a bit more expensive. Stephenville's median monthly rent is $926, which works out to $245 (26%) higher than Hico.
Meridian
Meridian is about 20 miles east from Hico. Its real estate prices are fairly similar. The median home in Meridian is valued at $77,300, which is $3,000 (3%) lower than Hico. The rent there is similar. In Meridian the median rent is $702 per month, which works out to $21 (2%) higher than Hico.
