Real Estate Investing in Hereford, Texas (79045)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 79045 (Hereford, TX)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 14.3% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Hereford, TX (79045)?
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Market Analysis: 79045 Hereford
Not every below-median market is a bargain. Hereford's 79045 ZIP clocks in at signals that favor experienced operators who can absorb the risk $175K pricing implies.
Rent of $963/mo on a $175K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 79045 sits below the stated 0.0% once reality is priced in.
Regionally, 79045 sits on the difficult end of the TX spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Turning to rents, 18,441 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at Hereford's stable or hybrid ZIPs before stepping into 79045. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Hereford:
Market Trends
Home Value History (with trend line)
📊 How Does 79045 Compare?
| Metric | 79045 | Hereford | Hereford, TX | Texas |
|---|---|---|---|---|
| Home Value | $174,680 | $174,680 | N/A | $297,000 |
| 5-Year CAGR | 2.5% | 2.5% | N/A | 5.4% |
| Avg Rent | $963 | $963 | N/A | - |
| Cap Rate | 4.3% | 4.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 79045 (Hereford, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $174,680 |
| Monthly Rent | $963 |
| Price-to-Rent | 15.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | +2.7% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +2.5% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 79045
Population: 18,441
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 79045
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
What price range are homes in Hereford, TX?
The median home value in Hereford, TX is roughly $175K. That puts it reasonable relative to the TX statewide average.
How strong is tenant demand in Hereford, TX?
Hereford, TX draws a reliable base of working renters. Demand at the $963/mo rent level is reasonable for standard single-family and small multi rentals.
Is Hereford, TX a friendly market for rental owners?
For rental operators, Hereford, TX rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What does house hacking look like in Hereford, TX?
For house hackers, Hereford, TX is a challenging. The $963/mo rent on a unit helps defray the mortgage on a $175K property.
Is real estate in Hereford, TX a good investment right now?
Hereford, TX scores 3.0/5 for investability. Home values sit at $175K and rents near $963/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 79045 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 79045 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
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