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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Hico, TX Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Hico, TX Housing Market Trends

With a population of 1,384, 555 total housing units (homes and apartments), and a median house value of $141,336, house prices in Hico are some of the most affordable in Texas as well as the nation.

Single-family detached homes are the single most common housing type in Hico, accounting for 82.69% of the city's housing units. Other types of housing that are prevalent in Hico include duplexes, homes converted to apartments or other small apartment buildings ( 10.03%), mobile homes or trailers ( 5.22%), and a few large apartment complexes or high rise apartments ( 1.24%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hico. Owner-occupied housing accounts for 74.32% of Hico's homes, and 67.86% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Hico's housing was primarily built during this period, from the '40s through the '60s. A full 44.51% of the city's housing hails from this era. Other housing ages represented in Hico include homes built between 1970-1999 ( 35.03%) and housing constructed before 1939 ( 16.48%). There's also some housing in Hico built between 2000 and later ( 3.98%).

Vacant housing appears to be an issue in Hico. Fully 23.76% of the housing stock is classified as vacant. Left unchecked, vacant Hico homes and apartments can be a drag on the real estate market, holding Hico real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Hico Home Appreciation Rates

Hico's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hico during the period has been just 5.15%, which is lower than 70% of US communities.

Over the last year, Hico appreciation rates have trailed the rest of the nation. In the last twelve months, Hico's appreciation rate has been 4.05%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hico were at 1.44%, which equates to an annual appreciation rate of 5.89%.

Relative to Texas, our data show that Hico's latest annual appreciation rate is higher than 70% of the other cities and towns in Texas.

Average Home Values

Median Home Value

$141,336

Hico, TX Home Prices
> $1,158,000
$868,001 - $1,158,000
$579,001 - $868,000
$463,001 - $579,000
$347,001 - $463,000
$232,001 - $347,000
$116,001 - $232,000
$58,001 - $116,000
$0 - $58,000
3.9%
3.9%
0.0%
0.0%
2.0%
2.0%
8.8%
8.8%
0.7%
0.7%
20.2%
20.2%
35.5%
35.5%
21.8%
21.8%
7.1%
7.1%
0% 100.0%
% of Homes
Very Low

for Texas

Very Low

for nation

Number of Homes And Apartments:

555

Hico Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,500 / per month

Homeownership Rate

Owners
Renters
74.3%
74.3%
25.7%
25.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
23.8%
23.8%
76.2%
76.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
4.0%
4.0%
35.0%
35.0%
44.5%
44.5%
16.5%
16.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
82.7%
82.7%
0.8%
0.8%
10.0%
10.0%
1.2%
1.2%
5.2%
5.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
10.0%
10.0%
21.0%
21.0%
60.3%
60.3%
7.6%
7.6%
1.1%
1.1%
0% 100.0%
% of Homes

Popular Neighborhoods in Hico

Popular Communities Near Hico, TX

Zip Codes in Hico, TX