Commercial Real Estate Market in Hereford, TX
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
47 active listings and 883 off-market properties in Hereford, TX.
Market Trends
Hereford, TX spans 1,130.7 square miles in Deaf Smith County, Texas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hereford, TX runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail space in Hereford, TX asks $83/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Hereford, TX runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Hereford, TX runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Hereford, TX has 18,621 residents in 7,026 households. Density runs 16 people per square mile. Median household income here is $54,207 and median gross rent $921 a month.
18,621
Population
7,026
Households
2.7
Avg Household Size
33
Median Age
11%
College-Educated
70%
High-School Grad
1130.7 sq mi
ZIP Area
16
Density / Sq Mi
$54,207
Median Household Income
$37,342
Median Earnings
$921
Median Rent
$111,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Summerfield | — | — |
| Dawn | — | — |
| Umbarger | — | — |
| Black | — | — |
Commercial property in Hereford, TX asks $141/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hereford?
Commercial property in Hereford, TX asks an average of $141 per square foot. Retail carries the highest asking price at $83/SF.
Where does Realmo's Hereford market data come from?
Realmo compiles Hereford, TX figures from 45 active sale listings, 2 active lease listings, 883 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 45 active for-sale and 2 active for-lease listings in Hereford, TX. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
