Market Overview
Home Prices in Hico, TX
The median home value in Hico, TX is $341,162 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.1% compared to a year ago and up 5.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hico are priced17% below average. Hico is part of the Stephenville, TX metro area.
Over the past five years, Hico home values have risen by approximately33.5%, reflecting strong long-term appreciation in this market.
Price History
Hico Home Price Trend
2020
$214,791
$215K
—
2021
$255,490
$255K
+18.9%
2022
$327,005
$327K
+28.0%
2023
$310,724
$311K
-5.0%
2024
$322,852
$323K
+3.9%
2025
$340,802
$341K
+5.6%
2026
$341,162
$341K
+0.1%
City Comparison
Hico vs. National Median
🏠 Hico
$341,162
National Median
$410,000
At $341,162, homes in Hico cost 17% below the national median of $410,000. This makes Hico a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hico?
20% Down Payment
$68,232
on $341,162
Monthly P&I
$1,779/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,259/mo
incl. taxes & insurance
Income Needed
$90,360
gross annual (30% rule)
10% Down Option
$34,116
+ PMI applies
Loan Amount (20% dn)
$272,930
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Hico, TX?
The median home value in Hico is $341,162 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.1% year-over-year.
How much have home prices changed in Hico?
Over the past year, home values in Hico have increased by 0.1%. Over five years, prices have risen approximately 33.5%.
How much do I need to earn to buy a home in Hico?
To comfortably afford the median home price of $341,162 with a 20% down payment ($68,232) at today's rates (6.8%), you'd need a gross annual income of approximately $90,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Hico compare to the national average home price?
The national median home value is approximately $410,000. At $341,162, homes in Hico are 17% below the national average.
What metro area is Hico part of?
Hico is part of the Stephenville, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.