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Home Value Estimator For Hico, TX

There are currently 1,239 real estate properties in Hico, TX, with a median automated valuation model (AVM) price of $210,276.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Hico, TX, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Hico, TX, is $285,578.00, with the most expensive house in Hico, TX, topping out at $3,780,000.00 and the cheapest home in Hico, TX, clocking in at $20,770.00. In other words, there’s something for every potential homebuyer or savvy investor in Hico, TX!


Rent Prices In Hico, TX

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Hico, TX, is on a rollercoaster ride. The average rent price in Hico, TX, is $1,226.00. Indeed, when looking to rent in Hico, TX, you can expect to pay as little as $470.00 or as much as $2,540.00, with the average rent median estimated to be $1,170.00. The good news is that finding an affordable and desirable property to rent in Hico, TX -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.


Top Reasons To Live In Hico, TX In 2024

Hico is located in Hamilton, Texas, with an estimated municipal population of 1,413 residents. All of the best foreclosed homes for sale in Hico are located in the following zip code areas on Foreclosure.com: 76457. The estimated population per square kilometer (.62 miles) in Hico is 299.


Cost Of Living In Hico, TX

So, about how much do homes cost in Hico? The most recent median value of resident-owned homes in Hico is 78,545. An estimated 74.5 percent of households in Hico own their homes, with an average family size of 3.96. The median household income in Hico is 38,792, with9.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Hico, the median commute time of resident workers (in minutes) is 13.6. And last, but certainly not least, are you looking for homes to rent in Hico? If so, the average rent price paid by renters in Hico is 681, according to recent statistics.


Diversity And Demographics In Hico, Texas

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Hico, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Hico is 34.2, split between 45.6 percent male versus 54.4 female. The percentage of residents who report being married in Hico is 37.6, with an average family size of 3.96.

The percentage of residents who report their race in Hico is as follows:

White 90.5%
Black / African American 1.8%
Asian 0%
American Indian / Alaskan Native 2.8%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.8%
Other 3.2%

Looking for family-friendly neighborhoods in and/or near Hico? Or maybe you are searching for 55+ active adult communities in and/or near Hico?

The percentage of residents who report their age in Hico is as follows:

Under 10 15.1%
Aged 10-19 9.8%
20s 18.7%
30s 11.3%
40s 5.7%
50s 17.4%
60s 5.7%
70s 9.3%
80+ 7%

Best Schools In Hico, Texas

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Hico with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Hico.


Pros And Cons Of Living In Hico, Texas

How do you know that living in -- or moving to -- Hico is right where you need to be? Perhaps you grew up in Hico or already live nearby; therefore, the decision to buy a home in Hico is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Hico for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Hico:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Hico.


Reasons To Move To Hico, Texas, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Hico can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Hico, meanwhile, can field multiple offers from more qualified buyers.

Hico, TX As-is Deals


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