Hico: Housing & Real Estate
Hico homes sell at a median $176,700 (estimated market value runs 35% higher at $238,046), with median rent $767 (1.2× below Hamilton County median $885; 1.8× below Texas median $1,403). Homeownership rate: 76.9%. That's 1.2× higher than the Hamilton County median ($147,700); 1.6× below the Texas median ($283,800). Market is warm. Vacancy rate 14.8%. New construction makes up 17.3% of stock. 2 nursing facilities on file. A municipal building code is in effect.
- 2.6× annual income — home value vs. household income (vs Texas 3.9×).
- 19.2 years to break even renting at the median (vs Texas 17y).
- 4-BR rent is 2.1× a studio — rent gradient by unit size.
- Median rent 34% below HUD 2-BR FMR — local market vs federal subsidy benchmark.
Home Values & Rent
Median home value $176,700 — 0.6× the Texas median ($277,800). Median rent $767/month. homeownership rate 76.9% — above the U.S. share of ~65%.
| Affordability · Price To Income Ratio | 2.6× |
|---|---|
| Affordability · Rent To Income Pct | 13.6% |
| Affordability · Affordable | Yes |
| Affordability · Interpretation | very affordable |
| Fair Market Rent · Studio rent | $893 (vs Texas $1,280) |
| Fair Market Rent · One-bedroom rent | $899 (vs Texas $1,323) |
| Fair Market Rent · Two-bedroom rent | $1,179 (vs Texas $1,573) |
| Fair Market Rent · Three-bedroom rent | $1,640 (vs Texas $2,116) |
| Fair Market Rent · Four-bedroom rent | $1,913 (vs Texas $2,639) |
| Fair Market Rent · HUD FMR area | Erath County, TX |
| Fair Market Rent · Fiscal year | FY2026 |
| Home Value Estimate | $238,046 |
| Median Home Value | $176,700 (vs Texas $277,800) |
| Median Rent | $767 (vs Texas $1,361) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | warm |
|---|---|
| Housing Market · Vacancy rate | 14.8% |
| Housing Market · New construction (% of stock) | 17.3% |
| Housing Market · Price Appreciation 2Yr | 44.1% |
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Systems (1)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% (at Texas median) |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% (at Texas median) |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% (at Texas median) |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 99.0% (vs Texas 83.2%) |
| Broadband · Broadband-capable premises | 840 |
| Electricity · Electricity rate (¢/kWh) | 14.94¢/kWh |
| Electricity · Customers | 12547863 |
| Electricity · Revenue Millions | $24,652 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0.000000000 |
| Mobile Broadband · 4G mobile coverage | 1.000000000 (at Texas median) |
| Mobile Broadband · 5G mobile coverage | 1.000000000 (at Texas median) |
| Mobile Home Parks Detail · County total | 1 |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · HIFLD / IRS BMF · Refreshed 2026-04-12
Charging & Mobility
| Ev Charging · Stations | 1 |
|---|---|
| Ev Charging · Public Stations | 1 |
| Ev Charging · L2 Ports | 4 |
Sources: DOE AFDC API
Other
| Homeownership Rate | 76.9% (vs Texas 57.0%) |
|---|---|
| Median Year Built | 1969 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12