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EconPulse

Local economy signal dashboard

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PLACEStable

Hereford, TX

Stable overall. Federal Funds is the clearest support signal, while gdp / output needs the most attention. Housing reads as affordable for a median-income household.

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Overall score57out of 100
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14
62
56
72
87

Population

14,840

Data freshness

Unknown

GDP / Output

-3.6% YoY

14

$2.1B

Output changed -3.6% in 2024.

Vintage date unknown

State growth5.0%
U.S. growth5.3%

Jobs

Unemployment rate

62

4.3%

Unemployment is 4.3% for June 2026.

Vintage date unknown

State avg5.3%
U.S. avg5.2%

Population

+1.0% 5-year

56

14,840

Population moved +1.0% over the latest ACS window.

Vintage date unknown

State population30,188,424
U.S. population334,922,499

Housing

Rent share of income

72

20.1%

Median rent consumes 20.1% of median household income: Affordable.

Vintage date unknown

State rent$1.4K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$6.5K per resident

87

$120.7M

$120.7M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$311.5B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$120.7M

$6.5K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$56.7M
2. Department of Transportation$38.6M
3. Department of Agriculture$20.1M

Top recipients

Dollars
1. TEXAS DEPARTMENT OF TRANSPORTATION$38.6M
2. REDACTED DUE TO PII$18.2M
3. DE LUNE CORP$2.0M

Affordable

Housing Affordability

20.1%

of median income

1BR estimate$781
2BR estimate$1,029
Median income$56,868
Median home value$109,700

ACS context

Quick Facts

Population

14,840

Median age

29.4

Bachelor's degree+

8.4%

Poverty rate

15.7%

Labor force participation

67.3%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

June 2026

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-31

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

+0.2%

GDP CAGR

+8.9%

Federal flow

5 years

Population (5 years)
202014,692
202115,043
202214,943
202314,874
202414,840
GDP (5 years)
2020$1.4B
2021$1.7B
2022$1.9B
2023$2.2B
2024$2.1B

2-year linear forecast

Predictive Outlook

Population forecast

202414,840
202514,917 *
202614,929 *

R² = 2.4% · * projected

GDP forecast

2024$2.1B
2025$2.5B *
2026$2.7B *

R² = 89.8% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$56,868/yr
Median rent$953/mo
Rent share of income20.1%
Est. mortgage (30yr, 6.5%)$6,656/yr
Mortgage share of income11.7%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate4.3%
State avg5.3%
U.S. avg5.2%
Labor force participation67.3%
Poverty rate15.7%

Data from BLS LAUS / CPS. June 2026.

valuation snapshot

Real Estate

Median home value$109,700
Median monthly rent$953
Price-to-rent ratio9.6x

Low price-to-rent ratio — buying may be more favorable than renting in this market.

composite score

Investment Climate

Investment climateModerate
Composite score45/100
Economic growth14/100
Labor market62/100
Population momentum56/100
Overall stability57/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Hereford city, Texas

City/Town

Part of

Hereford, TX

Nearby locations

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