Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 3,311 ↓ 2.1% since 2020 |
| Median Household Income | $72,052 3% below national median |
| Median Home Value | $214,900 |
| Unemployment Rate | 4.8% |
| Median Age | 41.3 years |
| Housing Vacancy Rate | 19.2% |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 3,311 |
| Population (2020) | 3,382 |
| Population Growth | -2.1% |
| Median Household Income | $72,052 |
| Median Home Value | $214,900 |
| Total Housing Units | 1,694 |
| Vacant Housing Units | 326 |
| Housing Vacancy Rate | 19.2% |
| Median Age | 41.3 |
| Bachelor's Degree or Higher | 459 (13.9%) |
| Unemployment Rate (BLS) | 4.3% |
Market Overview
Hemphill County, Texas has a population of 3,311, which has declined 2.1% since 2020. The median household income is $72,052, below the national median of $74,580 by 3.4%. With a median home value of $214,900 and an unemployment rate of 4.3%, the local economy is moderate. The housing vacancy rate of 19.2% suggests soft market conditions. Hemphill County remains a key area for land acquisition in Texas.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Hemphill County, Texas?
As of the 2023 American Community Survey, Hemphill County has a population of 3,311. The county has declined 2.1% since the 2020 Census.
What is the median household income in Hemphill County?
The median household income in Hemphill County is $72,052, which is 3.4% below the national median of $74,580.
Is Hemphill County growing or shrinking?
Hemphill County is shrinking. The population has declined 2.1% since 2020.
What is the housing market like in Hemphill County?
The median home value in Hemphill County is $214,900. The housing vacancy rate is 19.2%, which suggests soft market conditions. The unemployment rate is 4.3%, indicating a moderate local economy.
Does Reelvest buy land in Hemphill County, Texas?
Yes! Reelvest Properties buys vacant land throughout Texas, including Hemphill County. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.