Cost of Living in Hemphill County, Texas

$946/mo
Median Monthly Rent
$214,900
Median Home Value
2% below state averageUnaffordable

At a Glance

Median Monthly Rent
$946/mo
2% below state average
Median Home Value
$214,900
24% below national
Rent-to-Income Ratio
32.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Hemphill County Compares

Median monthly rent comparison

Hemphill County$946/mo
Texas Average$963/mo
National Median$1,163/mo

Detailed Housing Stats

$946/mo
Median Gross Rent
$214,900
Median Home Value
$865/mo
Monthly Owner Cost
32.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Hemphill County, Texas

Hemphill punches above affordability weight

With a 15.8% rent-to-income ratio, Hemphill County renters enjoy one of Texas's better affordability stories, beating the national norm. Despite median income of $72,052—below the national $74,755—low rents keep housing accessible here.

Texas's most affordable rental county

Hemphill's 15.8% rent-to-income ratio ranks among the best in Texas, well below the state's 18.1% average. At just $946 monthly rent—nearly $20 cheaper than the Texas median—this rural Panhandle county offers genuine affordability.

The budget champion of the region

Hemphill's $946 rent is the lowest among this group, undercut only by Hockley County's $813. Homeowners face similarly gentle costs at $865 monthly, making this one of Texas's true affordability havens.

Housing claims just 23% of income

Combined rent and owner costs total roughly $1,811 monthly—about 30% of the $72,052 median income. Renters alone allocate only 15.8% of their paychecks to housing, well within the 30% affordability guideline.

Affordability seekers should explore Hemphill

If you're priced out of urban Texas, Hemphill offers ranch-land living with modest $946 rents and $214,900 median home prices. Factor in lower incomes here, but the math favors anyone seeking genuine housing affordability in the Panhandle.

Affordability Calculator

See how your income compares to housing costs in Hemphill County

$

Rent Burden

15.8%

of gross income

Max Housing (28% Rule)

$1,681

per month

Owner Cost Burden

14.4%

of gross income

The median home in Hemphill County may be a stretch

Median home value is $214,900. Estimated monthly cost: $1,716 vs. your max of $1,681.

Rent Affordability Guide

Your rent-to-income ratio15.8%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Hemphill County, Texas?
Hemphill County, Texas has a median monthly rent of $946/mo and a median home value of $214,900. The affordability rating is Unaffordable, with rent making up approximately 32.0% of median household income.
What is the median rent in Hemphill County?
The median gross rent in Hemphill County is $946/mo. This is 2% below state average for Texas.
Is Hemphill County affordable?
Hemphill County is rated Unaffordable based on rent-to-income ratio of 32.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Hemphill County's rent compare to the state average?
Hemphill County's median rent of $946/mo is 2% below state average of $963/mo for Texas.
What is the median home value in Hemphill County?
The median home value in Hemphill County, Texas is $214,900. This is 24% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.