The typical owner-occupied home in Hermleigh is worth about $69,300, 76% below the Texas median of $283,800 and 79% below the national median of $332,700. The median household earns $56,591 a year, so the median home costs 1.2 times the median income (3.6 times for Texas). 82% of occupied homes here are lived in by their owners, and 29% of those owners still have a mortgage.
Hermleigh at a glance
| Hermleigh | Texas | U.S. | |
|---|---|---|---|
| Median home value | $69,300 | $283,800 | $332,700 |
| Median property tax paid per year | – | $4,232 | $3,119 |
| Median household income | $56,591 | $78,476 | $80,734 |
| Homes lived in by their owners | 82% | 63% | 65% |
| Owner homes with a mortgage | 29% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,625 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 17.3% | 21.7% | 21.0% |
| Median rent | $1,229 | $1,403 | $1,413 |
| Rent as a share of renters' income | 19.7% | 30.9% | 30.6% |
| Median year homes were built | 1969 | 1992 | 1980 |
| Vacant homes | 12.7% | 9.4% | 10.1% |
| Population | 473 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Hermleigh
At this week's average 30-year rate of 7.11%, buying the median Hermleigh home of $69,300 with 20% down costs about $465 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $581, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $19,944 for the 20%-down payment. That payment is 10% of the median Hermleigh household income of $56,591; at that income and 20% down, the 28% guideline points to a home of about $197,000.
The median rent here is $1,229 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $13,860 |
|---|---|
| Loan amount | $55,440 |
| Principal and interest | $373 |
| Property taxes (1.10% a year) | $64 |
| Homeowners insurance (our estimate, 0.5% a year) | $29 |
| PMI | $0 |
| Total per month | $465 |
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| Down payment | $2,426 |
|---|---|
| Loan amount | $68,045 |
| Principal and interest | $458 |
| Property taxes (1.10% a year) | $64 |
| Homeowners insurance (our estimate, 0.5% a year) | $29 |
| FHA mortgage insurance | $31 |
| Total per month | $581 |
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Questions about home buying in Hermleigh
What is the median home value in Hermleigh?
About $69,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Hermleigh?
For the median home with 20% down at 7.11%, the payment is about $465 a month. Keeping that under 28% of gross income takes about $19,944 a year.
More about Hermleigh
- Mortgage Refinance in Hermleigh
- Debt Relief in Hermleigh
- Home Equity Loans in Hermleigh
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data