Real Estate Market Update for 79045 (Hereford, TX)
Welcome to January's Market Update. Let’s take a look at residential real-estate activity in your area during the month of December. The number of active listings was up more than 400% from one year earlier, and did not change from the previous month. These latest figures mean that buyers had a greater selection of homes to choose from compared to the same month the previous year. As you can see, the median listing price for the month was just under 140-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up more than 700%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 80-thousand dollars. The number of units sold was consistent year-over-year, and decreased 50% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 79045 (Hereford, TX)
Area Information for 79045 (Hereford, TX)
  • Population: 19,094
  • Median Age: 31.98 yr
  • Median Commute Time: 19 mins
  • Educational Climate*: 2
  • Sales Tax: 8%
  • Population Density: 15/sq mi
  • Population Change Since 2000: 1.46%
  • Closest Airport: Rick Husband Amarillo International
  • Closest College: West Texas A And M University
  • Closest Jr. College: Amarillo College
  • Median Household Income: $43,224
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $87,440
  • Closest Major Sports Team: Midland Rockhounds (aa)
  • Change Avg. Household Income Since 2000: 40.42%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 79045 (Hereford, TX)
Median Age: 31.98 Married: 42% Number of Households: 6,246 Households with Children: 2,440
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 79045 (Hereford, TX)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Walcott Elementary School 6.5 mi Public PRESCHOOL-6 4 4
      Nazarene Christian Academy 14.1 mi Private PRESCHOOL-6 0 5
      Hereford J High School 14.5 mi Public 6-7 1 1
      Hereford Preparatory Academy 14.5 mi Public 8-8 0 0
      West Central Elementary School 14.6 mi Public K-5 1 0
      Northwest Elementary School 14.7 mi Public K-5 2-5 0
      Bluebonnet Elementary School 14.8 mi Public K-5 2-5 0
      St Anthony School 15.2 mi Catholic PRESCHOOL-6 0 0
      Aikman Elementary School 15.2 mi Public K-5 3 0
      Hereford High School 15.5 mi Public 9-12 1 3
      First Baptist Kindergarten 15.6 mi Private PRESCHOOL-K 0 0
      Hereford Center For Accelerated Learning 15.6 mi Public 6-12 0 0
      Special Programs Ctr 15.6 mi Public PRESCHOOL-PRESCHOOL 0 0
      Tierra Blanca Elementary School 16.2 mi Public K-5 1 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: and Onboard Informatics © 2015
      Local Weather for 79045 (Hereford, TX)
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.