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Hemphill

Learn about the people, housing, costs and businesses in Hemphill, Texas

Median Home$189,500
Median Rent$1,044/month
Population1,035
Leading IndustriesAgriculture & Mining · Manufacturing · Construction13% agriculture & mining
Home Value Growth+2.8% over 2 years
Retirees33% of residentstop 4% nationally
Homeowners86% of occupied units
NotableVeteran Community13% of residents · top 4% nationally
Hemphill
TX

Frequently Asked Questions

What are today's mortgage rates in Hemphill?

As of today, the 30-year fixed mortgage rate for Hemphill is approximately 6.950% (6.991% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Hemphill?

The median home value in Hemphill is $190k. The median monthly rent is $1,044. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hemphill?

Home values in Hemphill have increased 2.8% over the past two years. The market has been relatively stable. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Hemphill?

Based on a typical all-in ownership cost of $677/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hemphill is $68k/year.

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What industries drive the economy in Hemphill?

The largest employment sectors in Hemphill are public administration (29%) and agriculture and mining (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.