Total monthly cost of ownership
Cost to Own a Home in Hereford, Texas
A $109,000 home here costs
$1,075per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $560. The real number is $514 higher every month — 92% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Hereford against Deaf Smith County and Texas
| Measure | Hereford | Deaf Smith County |
|---|---|---|
| Median home value | $109,100 | $116,000 |
| Median property tax | $1,628 | $1,590 |
| Effective tax rate | 1.492% | 1.371% |
| Median gross rent | $934 | $919 |
| Population | 14,874 | 18,487 |
The weather behind that power bill
Hereford sits in Deaf Smith County, which averages a high of 92.4°F in its hottest month and a low of 22.5°F in its coldest, with 19.33" of precipitation a year and 45% of it in a single three-month stretch. That climate drives 1,449 cooling and 4,175 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Deaf Smith County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Deaf Smith County
No other places of this size are published in Deaf Smith County.
Full Deaf Smith County cost breakdown · Every county in Texas
Common questions
How much does it cost to own a home in Hereford?
A $109,000 home in Hereford, Texas costs approximately $1,075 per month with 20% down at 6.66%. That is $560 principal and interest, $136 property tax, $72 homeowners insurance, $216 utilities and $91 set aside for maintenance.
What is the property tax rate in Hereford?
Hereford has an effective property tax rate of 1.492%, based on a median home value of $109,100 and median real estate taxes of $1,628. That is higher than the Deaf Smith County average of 1.371%.
What is the average home price in Hereford?
The median owner-occupied home value in Hereford, Texas is $109,100, against $116,000 across Deaf Smith County.
Is it cheaper to rent or buy in Hereford?
Median gross rent in Hereford is $934 a month, against $1,075 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Hereford — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Texas.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.