House Prices in HR2: Past, Present and What’s Ahead
Explore year-on-year pricing changes for homes across Hereford. This includes updated valuations and district-level comparisons.
You’ll also discover the zones where consistent buyer activity is being recorded.
House Prices > Hereford > HR2
HR2’s Property Price Journey: Year-on-Year Trends
The timeline below outlines average home values across HR2 from 2018 to 2025.
| Year | Average Price | Transactions |
|---|---|---|
| 2025 (proj.) | £317,800 | 561 |
| 2024 | £304,400 | 434 |
| 2023 | £308,800 | 493 |
| 2022 | £300,000 | 574 |
| 2021 | £281,900 | 734 |
| 2020 | £269,700 | 542 |
| 2019 | £247,400 | 598 |
| 2018 | £235,600 | 553 |
The HR2 market in Hereford has seen a sustained yet sometimes volatile climb in property values from 2018 to the present. While average prices have ascended to noticeably higher levels, the journey has not been without a few hiccups. If you are eyeing HR2, recent years have made it clearer than ever that its property appeal is getting hotter than a Hereford summer’s day, but caution ought to remain your co-pilot.
- Price growth remains robust, with average values now sitting well above five years ago. Yet, the tempo of growth has ebbed and flowed, especially after the pandemic’s initial burst.
- Transaction activity tells its own story. Although some years have recorded notably higher levels of sales, the drop in the most recent years raises a red flag for anyone banking solely on market buoyancy.
- There is a subtle unease simmering beneath the headline price figures. While it might look like a field of golden opportunity, seasonal and economic pressures in the West Midlands can quickly make fortunes wilt like grass in the July sun.
At M0VE, we have watched as homes in pockets of HR2 have become more desirable than ever. Still, for those thinking about buying, it is wise to measure optimism with realism. Slower sales volumes suggest sellers may need to demonstrate flexibility, even if headline prices keep nudging upward.
What is the upshot? While HR2’s steady price gains are enticing, it is the fall in transactions since 2021 that could prove more telling in the long run. As the old saying goes around Hereford, “You cannot plough a field by turning it over in your mind.” In other words, hesitate at your own risk, but tread shrewdly while the ground is shifting beneath your feet.
Comparing HR2 House Prices by Property Style
Detached
Avg. Property Price: 409K
Avg. Size of Property
1,403 sq/ft
Avg. Cost Per Sq/ft
£301 sq/ft
Total transactions
235 (since 2021)
Semi-detached
Avg. Property Price: 232K
Avg. Size of Property
948 sq/ft
Avg. Cost Per Sq/ft
£251 sq/ft
Total transactions
267 (since 2021)
Terraces
Avg. Property Price: 188K
Avg. Size of Property
855 sq/ft
Avg. Cost Per Sq/ft
£227 sq/ft
Total transactions
313 (since 2021)
Apartments
Avg. Property Price: 117K
Avg. Size of Property
656 sq/ft
Avg. Cost Per Sq/ft
£184 sq/ft
Total transactions
26 (since 2021)
Across HR2, we’ve witnessed a dynamic shift in buying patterns over the last few years, as Hereford locals and newcomers position themselves for brilliant future growth. Detached homes attract buyers dreaming of that classic Herefordshire space, making for stunning family retreats nestled among our characteristic leafy lanes. Their larger footprints and garden spaces represent the higher end of aspiration for many, especially in a county where families often put down roots for generations.
Semi-detached and terraced homes are the heartbeat of HR2’s property market. With their comfortable layouts and affordable price points, these properties meet the needs of working families, young couples, and savvy investors looking for reliable lets. It’s plain to see why the volume of transactions for these types is so consistently robust. The popularity of terraced housing here would rival the footfall on Hereford High Street during market day - buyers clearly appreciate both value and community charm.
Flats, though a smaller piece of the pie, continue to suit those not quite ready (or willing) to take on a garden and all the trimmings. These offer an approachable step onto the property ladder for singles or students - ideal if you want to be part of the city’s thriving rhythm without stretching your budget.
With that said, the market in HR2 rewards different strategies. The larger detached homes ask for patience and a bigger deposit, playing out almost like a strategic chess match for buyers set on more space. Terraced and semi-detached stock, on the other hand, remains wonderfully accessible, bringing fresh energy and first-time buyers into Hereford’s neighbourhoods in healthy numbers.
So, what should we remember?
- If you crave privacy and ample space, detached homes suit those with bold ambitions and deeper pockets.
- Semi-detached and terraced homes punch well above their weight for value and market activity - perfect if you want your money to stretch while staying part of the strong Hereford fabric.
- Flats are an inviting, affordable route for those ready to embrace city living and low maintenance comforts.
What’s Really Happening in Hereford
Property in Hereford moves quickly in some spots, more slowly in others. These brisk reads help you spot the difference and act with a little more confidence.
Genuine Data. Real Impact.
Through gentle refinements of EPC and sales data, we present wonderfully sharp valuations - designed for curious buyers and strategic investors. See how each value is refined
All Roads in HR2 – Hereford
No streets found for this district.