Hereford, TX home prices
Typical home $172,341 · -1.8% in a year · income needed $52,600
The Hereford, TX metro area ranks 751 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed -1.8% in a year and +7.4% over five years. With 20% down at 7.11%, the typical home costs about $1,227 a month including 1.48% property tax (Deaf Smith County rate).
Mortgage on the typical Hereford home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $34,468 | $137,873 | $927 | $0 | $299 | $1,227 | $52,600 |
| 10% down | $17,234 | $155,107 | $1,043 | $65 | $299 | $1,407 | $60,300 |
| 5% down | $8,617 | $163,724 | $1,101 | $68 | $299 | $1,469 | $63,000 |
| 3.5% down (FHA) | $6,032 | $169,220 | $1,138 | $76 | $299 | $1,514 | $64,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.48% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Hereford area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Deaf Smith County, TX | $172,414 | -1.8% | 1.48% |
What can you afford in Texas on your salary? · Texas home prices · Salaries in Texas
Frequently asked questions
How much is a house in Hereford?
The typical home in the Hereford, TX metro area is worth $172,341 (Zillow, September 2026).
What salary do you need to buy a house in Hereford?
About $52,600 a year for the typical home with 20% down at 7.11%.