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Hermleigh

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

Median Home$106,700
Median Rent$876/month
Population384
Leading IndustriesManufacturing · Education · Agriculture & Mining7% manufacturing
Home Value Growth⬆⬆+18.6% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners70% of occupied units
Hermleigh
TX

Frequently Asked Questions

What are today's mortgage rates in Hermleigh?

As of today, the 30-year fixed mortgage rate for Hermleigh is approximately 6.946% (6.984% 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 Hermleigh?

The median home value in Hermleigh is $107k. The median monthly rent is $876. Annual property taxes average $771. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hermleigh?

Home values in Hermleigh have increased 18.6% over the past two years. This indicates a strong appreciation trend. 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 Hermleigh?

Based on a typical all-in ownership cost of $681/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 Hermleigh is $54k/year.

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What industries drive the economy in Hermleigh?

The largest employment sectors in Hermleigh are public administration (22%) and agriculture and mining (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.